There are common complaints I hear from business owners. “Why am I paying so much #$*&!@ taxes!” is one of them. “Because you made so much #$*&!@ money!”, is my usual retort. My cracks at humor and the glass half full thing always fail. It makes me chuckle but doesn’t give them what they want. Here are 5 strategies that can help them (and us) pay less in taxes. Strategy 1: Buy things our businesses are going to need anyway, now. Strategy 2: Pay bills that aren’t due until next month, before the end of the year. Strategy 3: Prepay […]
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Deductions for Real Estate Investors that Mustn’t be Missed
Last week a new real estate investor client asked me to elaborate on what he can deduct. I so appreciated his desire to be thorough and minimize his tax bill that I put this together for him. Real Estate Investor – Deductions A deduction is a terrible thing to waste! As you consider the question “What can I (legally) deduct as a real estate investor?” it’s important to not limit yourself to some list of expenses. Lists can be very helpful, but no list can cover it all and it’s not being on a list that makes an expense legally deductible. Think about […]
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