Author: Accountlify
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10 Tax Deductions Every Real Estate Pro Should Know
Tax deductions for real estate investing can significantly reduce taxable income and thus lower your overall tax liability. Here are some of the best tax deductions available to real estate investors: To ensure you are maximizing your deductions and complying with tax laws, it’s advisable to consult with a tax professional who specializes in real…
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5 Bookkeeping Apps Used by Real Estate Professionals
Choosing the best bookkeeping software for a real estate investor with properties depends on your specific needs and preferences. Here are a few popular options that are well-suited for managing rental properties: When choosing a bookkeeping software for your rental properties, consider factors such as the number of properties you manage, your budget, specific features…
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8 Things you can do with the extra cash in your business
Having extra cash flow for a business is fantastic! It opens up a world of possibilities to further strengthen and expand the company. Here are eight exciting ways to put that extra cash flow to good use: 1. Invest in Growth Initiatives Use the surplus funds to invest in new marketing campaigns, product development, or…
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Meet the Money Masters: Bookkeepers vs. Accountants
Hey there, business-savvy pals! Let’s embark on an exciting journey to uncover the magical world of money management. Today, we’re going to unravel the mystery behind two essential characters in the financial adventure: the bookkeeper and the accountant. Let’s dive in! The Bookkeeper: Keeper of Records Imagine the bookkeeper as the meticulous record-keeper of all…