Property Management Software!

Is it Better to Give a Gift or Entertain??? Most expenses are deductible as long as they are ordinary and necessary for your business. You can deduct up to 50% of entertainment costs, or gift costs up to $25 each. Entertainment: Gifts: Deduct up to 50% Deduct up to $25 Generally, an item that is...

Ever Considered Selling Property To Yourself??? Selling property to your own S-Corporation can be beneficial in TWO specific situations. 1.) You do not meet the requirements for excluding capital gains on the sale of your primary home2.) You can not take advantage of depreciation on appreciated ...

Ever Considered Selling Property To Yourself??? Selling property to your own S-Corporation can be beneficial in TWO specific situations. 1.) You do not meet the requirements for excluding capital gains on the sale of your primary home2.) You can not take advantage of depreciation on appreciated ...

You should hire someone (like a family member) to do your work and write off the cost of labor, since you cannot deduct the cost of your own labor. For Example: if you paint your rental property or install a lock using your own labor instead of hiring a painter or a locksmith, you cannot deduct ...