Quickbooks is a convenient tool for real estate businesses. Since there are many types of businesses in real estate, your Quickbooks set up will depend on what your exact industry is.  If you are a real estate agent, you may have different accounts compared to someone who is renting out properties or flipping properties. Here’s...Read More

Are you selling real property with plans of buying a new one of the same kind? If so, you may be able to defer capital gains tax through a like-kind exchange that you need to report in your Form 8824. What is a like-kind exchange? Taxpayers who exchange real property with the same nature or character...Read More

Are you a U.S. shareholder of a foreign corporation? If you have been diligently filing all your returns and disclosures, you may be familiar with Form 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations. Form 5471 an information returned filed along with the income tax return of covered individuals. Generally, individuals...Read More

If you’re a business owner, you probably know about Form 941. But if it’s your first time to start a business, you may be confused with all the tax forms you need to deal with. So, here’s a primer on Form 941, the quarterly form you probably need to file when you hire employees.  What...Read More

Most companies use credit cards to pay for supplies and services. And as a business owner, you need to know how to record those credit card transactions in QuickBooks. How exactly do you do that? When you’re using QuickBooks and most of your expenses are paid using credit cards, the process is much easier. Before...Read More