by Mike Jesowshek, CPA | Mar 20, 2024 | Taxes, Accounting, Business, IRS, Management, Money, Real State, Small Business, Tax-planning strategy
In the dynamic landscape of real estate investing, Section 1031 of the U.S. Internal Revenue Code stands out as a powerful tool for investors seeking to optimize their portfolio growth while deferring capital gains taxes. Commonly referred to as a ‘1031 exchange,’...
by Mike Jesowshek, CPA | Mar 19, 2024 | Taxes, Accounting, IRS, Management, Money, Small Business, Tax-planning strategy, W2
Real estate investing can be a lucrative venture, especially when investors leverage tax strategies to maximize their returns. One such strategy is a cost segregation study, a powerful tax planning tool that can significantly increase cash flow by accelerating...
by Mike Jesowshek, CPA | Mar 6, 2024 | Taxes, Accounting, IRS, Management, Money, Small Business, Tax-planning strategy, W2
This is the eighth post in our “Starting a Business Series”. Estimated taxes are a topic or area that often confuses both new and established business owners. My hope here is to give you a clear understanding of what estimated taxes are, how you calculate...
by Mike Jesowshek, CPA | Mar 6, 2024 | Taxes, Accounting, IRS, Management, Money, Small Business, Tax-planning strategy, W2
In our comprehensive series on rental properties and taxes, we covered a wide range of topics to help real estate investors maximize their tax savings and boost their investment returns. If you missed any part of that series or need a refresher, you can access our...
by Mike Jesowshek, CPA | Feb 28, 2024 | Taxes, Accounting, IRS, Management, Money, Small Business, Tax-planning strategy, W2
Before we get too deep into this article, we want to break it into two parts. Those that can afford and want to pay their tax bill in full. Those that cannot afford to pay their tax bill. Lets start with those that have the money to pay for the tax bill right away!...
by Mike Jesowshek, CPA | Feb 22, 2024 | Taxes, Accounting, IRS, Management, Money, Small Business, Tax-planning strategy, W2
We are getting close to that time of the year where a tax extension is going to be important to think about. There is so much misinformation about tax extensions out there so we want to take the time know to smooth out the details. What Does a Tax Extension Even Mean?...
