Using Debits & Credits to Record Transactions
When you record an accounting transaction, you need to make a debit to one account and a credit to another. […] read more...
Accounting for 1031 Like-Kind Exchange
Section 1031 exchanges are not new. But the rules have changed over time. A Section 1031 or like-kind exchange is […] read more...
Why It Still Makes Sense to Invest in Real Estate
Investing in real estate has been one way to build wealth. And it makes sense to buy real estate even […] read more...
How to Record Operating Lease vs Capital Lease in Quickbooks
Are you renting a property or equipment for your business? Accounting for a lease can be tricky given the recent […] read more...
How to Use Quickbooks for Real Estate: The Basics
Quickbooks is a convenient tool for real estate businesses. Since there are many types of businesses in real estate, your […] read more...
What is the Like-Kind Exchange Form 8824 All About?
Are you selling real property with plans of buying a new one of the same kind? If so, you may […] read more...
Form 5471: What Is It and Do You Need to File One?
Are you a U.S. shareholder of a foreign corporation? If you have been diligently filing all your returns and disclosures, […] read more...
What Every New Employer Needs to Know About Form 941
If you’re a business owner, you probably know about Form 941. But if it’s your first time to start a […] read more...
How to Add Credit Card Charges in QuickBooks
Most companies use credit cards to pay for supplies and services. And as a business owner, you need to know […] read more...
Five Simple Tax Prep Tips Before Time Runs Out
The tax year is almost over! Aside from starting to put your books to order, it pays to learn some […] read more...