Quick facts, tactics, and strategies to build your wealth, improve your income, cost your costs, or save on your taxes. The tax code has a myriad of little nuggets that can help you. We all are working on our businesses, and maybe we have a quick insight to share.
Send me your thoughts, ideas, and concepts for us to look at.
What better way is there to improve your health, wealth, and happiness than Quickies with Bette?
Today is #ThrowbackThursday, so I’m going to take it back a couple of years ago to my previous “Women In Finance” blog. A lot has changed since then, so I thought it’d be cool to reflect!
Divorce can be a highly emotional and stressful experience, so it's no surprise that tax implications may not be the first thing on your mind, but it's important to remember your tax situation to avoid any unpleasant surprises down the road.
Investing can help you become wealthy and financially secure, but you must also be careful about taxes. It could cost you a lot of money if you don't understand how and when taxes apply to your investments.
If you deal with crypto, understanding the taxes is important to stay compliant with the law, maintain accurate financial records, and maximize your investment returns.
Overall, bookkeeping is important, but if you are an individual or business owner struggling with tax debt, this is the first step you must take.
Cost segregation is important because it can provide significant tax benefits and improve cash flow for commercial or investment real estate owners
I will discuss business KPIs for lawyers and law firms. Lawyers and law firms are often in the dark regarding understanding their business KPIs. But having a clear understanding of these key performance indicators is essential for a successful practice.
I am excited to share my experience at the eMerge Americas conference which I attended last week along with some of my team members. If you are not familiar with eMerge Americas, it is a top-tier technology conference that is transforming Miami into a global tech hub.
I will discuss how to categorize your business expenses. It can be a struggle to track all your expenses, which is why breaking them down into categories is important. It allows you to see what your funds are being used for and make better business decisions.
The IRS always sends a written notice in the mail explaining the reason for the penalty, the amount you owe, and what steps you need to take next. But wait, before you take any action, make sure to check that the information provided is correct. Yes, even the IRS can make mistakes sometimes!
If you can’t file by the deadline (April 18th), the IRS allows taxpayers to file for an extension to October 15 if they need more time to prepare their tax return. The IRS grants them automatically if you complete the proper form on time. You can submit Form 4868 electronically or on paper to file an extension; just make sure you do this before the filing deadline.
The IRS has recently released new guidance on the tax treatment of NFTs, so today, I will discuss everything you need to know. Previously, NFTs were treated as any other crypto asset from a tax perspective, so short-term or long-term Capital Gains Tax would apply when you dispose of it by selling or trading it. This is still true, but under the new guidance, they may be deemed collectibles and taxed.
There are many reasons why tax planning is important for real estate professionals. Some include maximizing deductions, structuring deals for tax efficiency, and more.
In today's quickie, I will discuss how crypto tax works and what the IRS crypto tax rules are. If you are dealing with crypto taxes or want to learn more about it, I’m here to answer all your questions.
