If you’ve ever looked into investing in properties, there’s a good chance that you’ve at least heard about the concept of a 1031 DST exchange. You may find that to be a frighteningly legalistic sounding thing, and it is. What it is and what it can do for you, though, are fairly simple to understand.
Two Things, Not One
A 1031 exchange is a tax deferment that can be sought when capital gains from the sale of an investment property are reinvested.…
When you own a small business, you need to constantly be on top of everything. All the responsibilities fall on you, which can be very rewarding but also difficult. You can give yourself a break by delegating some of the work to competent professionals, like accountants. Here are four reasons you should hire an accountant for your small business.
1. Help you write your business plan.
You might not know that an accountant can help you even before your business opens.…
If you feel like you are constantly living paycheck to paycheck, digging yourself out of one financially messy situation after another, this is the year to get your life back on track with your finances.
#1 Check Your Transactions Every Day
The first thing you need to do is get in the habit of seeing what you are spending money on. Spend just a minute or two each day quickly looking over your transaction statement for your bank and any credit cards that you use.…