by Pedro Gonzalez, CPA | Jan 14, 2022 | Real Estate Investing, Tax Strategies, Uncategorized
Depreciation is your best fried, when you own rental property. One reason depreciation is so valuable is that, unlike deductible rental property expenses such as interest and maintenance, you get to claim depreciation year after year without having to pay anything...
by Pedro Gonzalez, CPA | Aug 1, 2021 | Tax Planning & Preparation, Uncategorized
Corporations, limited liability companies, and certain other business entities can make an election with the Internal Revenue Service to be taxed under Subchapter S of the Internal Revenue Code. If such an election is made, the business entity becomes an “S...
by Pedro Gonzalez, CPA | Mar 28, 2020 | Uncategorized
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by the novel coronavirus (COVID-19). The CARES Act is the third round of federal government aid related to...
by Pedro Gonzalez, CPA | Mar 25, 2020 | Uncategorized
Yesterday we shared the basics of the SBA Disaster Loans. Today we share information about the Florida Small Business Emergency Bridge Loan. Last week we posted How to Overcome the Impending Economic Downturn, a Guide for Business Owners. If you haven’t read it...
