Stephen Hall, shareholder at Robert Hall & Associates, discusses having the right entity structure for real estate investors in a Facebook live video with real estate mogul Steve Rozenberg. He stated you should “maximize your wealth as a landlord. It’s not about what you make it’s about what you keep, and it’s important to plan…
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Real Estate Tax Advice & Tips
With four decades of real estate tax accounting experience in the Glendale, Burbank & Pasadena areas, Robert Hall & Associates accounting firm has helped countless real estate agents, investors & developers implement the best tax strategies and enhance the values of their real estate holdings. Get real estate tax planning and preparation tips from the real estate accounting experts at Robert Hall & Associates below.
Apartment Building Investors – Changes in 1031 Exchanges and Cost Segregation
Apartment building investors – this podcast is for you! Eric Christopher of WSC Realty advisors interviewed Tony Watson, EA on his Everything Apartments podcast. They talk about whether or not the Biden administration will enact sweeping changes to the 1031 exchange and how will these changes could affect Apartment Investors. And, they discussed a little-known…
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Using Section 179 or The “Hummer Loophole” To Lower Your Business Taxes
Successful business owners have no problem paying the taxes that they owe – but that doesn’t mean they shouldn’t look for loopholes to reduce their tax burden as much possible, so long as they stay within the law. Section 197 of the IRS tax code provides exactly that kind of loophole and has since it was…
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What California Homeowners Must Remember During Tax Time
Owning a home in California comes with its many benefits, such as the privacy, weather and of course, the amazing tax breaks. But as every year goes by however, many factors regarding tax returns can change quickly. Thus, it is vital to always keep up with the changing factors. We have outlined the top four…
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CPAs Vs Other Tax Pros: Which One Do You Need?
In the US, there are a number of professionals who can help you make sense of the US tax code: CPAs, accountants, and tax preparers. The difference in titles is there for a good reason as they have different level of competencies and qualifications. If you own a small business requiring an uncomplicated tax return,…
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Why You Need a Tax Preparer For Your Small Business
Small businesses are not spared from their tax obligations. Like their larger peers, they are required to file their tax returns in time. Often, small business owners who have little to no knowledge of taxation rely on tax professionals to prepare their filings. Tax preparers 101 Think of the “tax preparer” tag as a general…
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A Quick Guide to California’s Income Tax System
Different states have varying income tax rate, and some charge higher than the rest. While some states have no tax on earned income, California belongs to the group of US states with the highest rates together with Hawaii, Oregon, Minnesota, and New Jersey. California has a progressive tax rate that means you pay more as…
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Tax Tips for California Small Businesses
Keeping the lights on for a small business is already a daunting task; keeping up with your tax obligations is an equally demanding task that will eat up time that could have better spent on profitable activities. Unfortunately, being a small business does not insulate you from filing your income tax return and the many…
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Don’t Make These Mistakes When Hiring a Tax Preparer
Filing a tax return is understandably a daunting task for many Americans. Not only is the US tax code awfully complicated, Congress had also passed the largest tax reform legislation in recent history, which took effect in 2018. Those not keeping up with these changes are in for a hard time. Thankfully, there are professionals…
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What Business Entity is Best for Real Estate Investment
As real estate tax consultants, one of the top questions we get from real estate clients is “What business entity is best for real estate investment?” From your tax rate to profit-sharing, it’s common knowledge that the business entity you choose can have significant effects on your taxes, liabilities, and estate planning. The truth is,…
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