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Cost Segregation: Is This Strategy for You?

Cost Segregation: Is This Strategy for You?

Tags: CPA Sarasota, Overlooked Tax Deductions, QuickBooks Bookkeeping, Tax Planning One significant tax benefit of owning residential rental property or non-residential commercial or investment property is depreciation. This is a deduction you get without spending any...
No Business Income, No Home-Office Deduction?

No Business Income, No Home-Office Deduction?

Tags: CPA Sarasota, Overlooked Tax Deductions, QuickBooks Bookkeeping, Tax Planning You may have heard you cannot claim a home-office deduction without business income. That’s not accurate, as I explain below. Points to Consider Claim business deductions with no...
Tax-Free Rental Income with the Augusta Rule

Tax-Free Rental Income with the Augusta Rule

Tags: CPA Sarasota, Overlooked Tax Deductions, QuickBooks Bookkeeping, Tax Planning The Augusta rule gets its name from the Masters Golf Tournament, where some members and others who live in the area receive tax-free rent by renting their homes for a week or two. You...