DeFreitas & Minsky Accounting Blog

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How to Use a 1031 Exchange to Help with Your Investment

Posted by admin on Apr 13, 2015 8:30:23 AM

1031 exchange

Are you in the business of buying and selling real estate? Tired of paying out your gains at tax time? Let us introduce you to the 1031 exchange!

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Topics: Financial Planning, investment

Why a High Tax Refund Doesn’t Payoff

Posted by admin on Apr 5, 2015 6:57:49 AM

high tax refund

Why put off to tomorrow what you can have today? A high tax refund at year’s end can be a poor choice for many, because inflation devalues a government refund of your own money. Aside from the threat of scams, there are four main reasons to beware of high tax refunds.

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Topics: Tax Laws, Financial Planning, Tax Planning

Deduct the Batmobile: Vehicle Tax Deduction for Real Estate Agents

Posted by admin on Jan 23, 2015 10:21:35 AM

vehicle tax deduction

For real estate agents, their vehicle is used much more than the office. Many could even stretch that to say, “The only ones in the car more than us are Dale Earnhardt Jr. and truck drivers. Running house to house and office to property, the amount of driving for work that real estate agents do is incredible, that’s why vehicle tax deduction for real estate agents is so important.

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Topics: Business Accounting, Tax Laws

Outsourced Accounting for Small Business Will Help You Edge Past Your Competitors

Posted by admin on Jan 16, 2015 8:57:56 AM

Outsourced Accounting

When you think “outsourced accounting” you might think yet another industry has abandoned the United States of America for cheaper prices abroad. Cheaper prices that leave you, the customer, sitting on a phone line for hours wondering, “Why can’t I just speak to my accountant face-to-face? Like in the good old days!” Luckily, outsourced accounting has nothing to do with exporting accounting resources to other countries and has everything to do with giving you the best accounting services money can buy. Here’s how a bit of outsourcing could save your small business.

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Topics: Business Accounting

Obamacare and Taxes: 2014 Tax Year's Big Question

Posted by admin on Jan 9, 2015 9:29:38 AM

obamacare and taxes

The big question of the 2014 tax year is, how will we be effected by Obamacare and taxes?

Do you understand the effect Obamacare has on your taxes? If you aren’t up to date on the health insurance situation, your tax return could be at risk.

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Topics: Tax Laws

Filing Taxes after Divorce for Personal Exemptions

Posted by admin on Jan 2, 2015 12:12:17 PM

filing taxes after divorce

Jeeze, as if divorce wasn’t stressful enough, now tax season is almost here. If you haven’t taken the time to consider how filing taxes after divorce will impact you, it’s time to start thinking about it. When there is a divorce or separation, who is the custodial parent? And, is the custodial parent the one claiming the child as a dependent?

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Topics: Tax Laws

Personal Exemptions for Parents

Posted by admin on Dec 23, 2014 12:45:11 PM

personal exemptions for parent

Taxes are the inevitable drain of your yearly earnings to Uncle Sam -- but understanding the different aspects of taxes will save you a ton at tax time, if you prepare. With tax season drawing ever-near, the window is slowly closing and your chances to save along with it. After you have established your deductions and adjustments to your income you have one last chance to save; personal exemptions.

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Topics: Tax Laws

5 Reasons to File Your 2014 Taxes Early

Posted by admin on Dec 12, 2014 9:29:50 AM

file your 2014 taxes early

Tax season is approaching fast. You have three and a half months to file your 2014 taxes, but why wait until the last minute. You can file your 2014 taxes early instead of stressing out about them until April 15, 2015. There are no disadvantages when filing your taxes early. In fact, there are many advantages to doing that.

DMCPA has a couple reasons as to why you should file your 2014 taxes early, thanks to the help of U.S. News.

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Topics: Financial Planning, Tax Planning

10 Simple Ways to Lower Your Tax Bill

Posted by admin on Dec 5, 2014 3:58:54 AM

lower your tax bill

Tax season is rapidly approaching. Last minute tax tips are on everyone’s mind before April 15th. Some quick tax moves and saving on returns can make all the difference. See if you are eligible for these credits and deductions that will lower your tax bill.

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Topics: Financial Planning, Tax Planning

5 Holiday Tax Saving Tips

Posted by admin on Dec 1, 2014 8:12:58 AM

tax saving tips

The holiday season is always a great time of year to be charitable, but you don’t need to send yourself to the poor house in the process. There are many ways to make the most of what you already have, and turn what you don’t need into a charitable donation. For many, the giving process is not thought out and cost more than is necessary. Having tax saving tips can make a huge difference when it comes to the holidays, make sure you have a plan.

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Topics: Charity

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Find answers to any accounting questions you have.

These questions are usually from our clients.  If you would like to send us a question, please email us at info@dmaccountingfirm.com or ask on one of our social accounts.

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