Business Owners Tell Me If You Love Completing Your Taxes. Investment property owners raise your hand. Yes, that time is quickly approaching where each of you out there who owns a business under a business entity such as LLCs taxed as partnerships, C Corps, and S Corps will need to file business taxes. I’m specifically speaking to my investment property owners who hold their assets in these entities. Now as much as I hate to admit it, I’ve never been awesome at being prepared for this. Mostly because I think a lot of people feel it’s a daunting task of what feels like the unknown. I admit, this has never been one of my favorite yearly tasks. The great thing is that the more I practice and surround myself with the right team, it feels empowering. Yes, you read that correctly. My tax plan allows me to feel empowered! The planning that takes place for months ahead then allows me to have greater certainty about this whole “necessary evil.” It provides a way for me to have accountability for the yearly stated goals. If my stated goals include acquiring more investment property or perhaps completing a 1031 exchange then I can include a tax plan throughout the year that is targeted for these outcomes. Now thats power! If you’d like a chance to find out how to prepare a yearly tax strategy, come join me on Friday, January 31, 2020. Drop me an email at khosea@kasihomes.com and I’ll send you all the details!
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