A virtual CFO can transform a business by providing expert financial guidance and support without the need for a full-time, in-house CFO. This can save businesses significant costs while still receiving high-quality financial advice. Virtual CFOs can also provide a fresh perspective on a business’s financial operations, identifying areas for improvement and implementing strategies to

Small business owners often find themselves wearing multiple hats, including that of an accountant or bookkeeper. This can be a time-consuming task that takes away from other important business operations. By outsourcing these day-to-day accounting and bookkeeping processes to a fractional CFO service, small business owners can free up valuable time to focus on growing

The real estate boom appears to be over for now. Morgan Stanley predicts that house prices could fall by 10 percent by the end of 2024, perhaps twice as much in a worst-case scenario. Homeowners who purchased their homes at the top of the market could be in trouble, especially if the U.S. falls into

Do you owe self-employment tax on Airbnb rental income? That’s a good question. In Chief Counsel Advice (CCA) 202151005, the IRS opined on this issue. But before we get to what the IRS said, understand that the CCA’s conclusions cannot be cited as precedent or authority by others, such as you or your tax professional.

I see that you are using IRS mileage rates to deduct the cost of your business vehicle. I have a new tool that can tell us whether the mileage rates are a good deal for your taxes. With this tool, I look at the entire life of your vehicle, including any gain or loss on

As you likely know, the Section 1031 tax-deferred, like-kind exchange is one of the greatest wealth-building mechanisms for real estate investors. With Section 1031, you can avoid taxes on all your property upgrades during your lifetime and then pass the property to your heirs when you die. The heirs receive the property with a step-up