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Ep. 27 2022 Tax Saving Tips & Entity Selection for Real Estate Professionals [Video]

Ep. 27 2022 Tax Saving Tips & Entity Selection for Real Estate Professionals

What can you do to save taxes in 2022 as a real estate professional or investor? For our January Bay Area Housing Market Townhall, we invited Diana Chan, CPA to share #TaxAdvice and #EntitySelection tips for #RealEstateProfessionals and investors. Watch this video recording to learn some tips to save your taxes!

What other topics would you like to see in our webinar series? Comment below to let us know!

Looking for Jan. 2022 Housing Market Updates? Watch video here: https://youtu.be/yhO7i-B54a4

Join our monthly webinar live! Register here: https://www.haylengroup.com/townhall/

📖 ORDER Helen Chong’s new book – Power to Change Lives now at http://bit.ly/power-to-change-lives

📲Register for future webinars: www.HAYLENGroup.com/TownHall

📣 Host
Helen Chong, CCIM – Founder of HAYLEN Real Estate Investments
📣Guest
Diana Chan – CEO and President at Chan CPA & Company, Inc.

About Diana Chan:
Diana has over 25 years of experience ranges from auditing with Deloitte, tax with KPMG to ERP implementation at Quantum Corporation prior to forming her own firm and has recently become an AICPA Certified Information Technology Professional. Diana’s philosophy is to apply integrity, objectivity, professional excellence, and hard work in delivering the highest quality of services to our clients. Diana is a member of the AICPA. California Society of Certified Public Accountants and Quickbooks Professional Advisors Program. Diana is also featured as a success story in the book “The Ultimate Guide to Getting the Career You Want”, has been written up in the Forbes.com article, “ROI That’s off the Charts:…”, has been a financial speaker at local Morgan Stanley seminars, as well as a past speaker at a series of Microsoft seminars called “Build Your Business Tour”.

💡Table of Contents | Q&A
0:00 Introduction
1:19 Diana Chan’s Presentation
22:40 Can you discuss: Best business structure for a real estate independent contractor (e.g. C Corp)? Also, can we deduct health or golf club memberships as a business development expense? Best Quickbook program for whatever structure I have (e.g. Self Employment platform or “Quickbooks Essentials”)?
28:11 Is it possible for LLC to be taxed as S corp?
34:17 I’ve been lending money secured by real estate. Do I need to send Form 1098 by January 31, 2022 to the borrower for the interest paid to me during the past tax year?
34:41 What are the other tax implications besides capital gains I should be aware of when selling? How to claim partial exclusion capital gain?
36:27 Is there a capital gain tax calculator available to use?
37:35 I just started my own LLC at the beginning of Dec. 2021 doing real estate transaction coordination, I’d like to know what taxes I should expect to pay and how to save as much as possible.

👩🏻‍💼🧑‍💼👨🏼‍💼Calling for experts to be on our webinar: Economists, Lenders, 1031 Exchanger, Property Managers, Professional Investors, Attorneys.

‼️ During this weekly 1 hour Q&A session, we will be answering questions from our community regarding our Bay Area housing market. IF this is of value to you, we will hold this monthly and bring other real estate professionals including Lenders, Attorneys, Property Manager, 1031 exchangers…etc to answer all of your questions!

📲📩
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Resources for Accountants

Accountant or Bookkeeper? Which Role Is Right for You [Video]

Become a Controller; enroll in the Controller Academy 🚀 https://controller-academy.com/courses/controller-academy This video will be your ultimate guide on the differences But more importantly, I am gonna focus on how you can make high 6 figures with either of these 2 professions So here is our agenda: we'll take a look at the Job responsibilities of both the bookkeeper and the accountant We'll talk about the education requirements And then, I'll tell you How you can earn high 6 figures regardless of whether you chose to be a bookkeeper or an Accountant Time Stamps: 00:00 Intro 00:27 Agenda 00:46 1. Job Responsibilities 02:23 2. Education Requirements 04:07 3. How Accountants Make $100K plus 06:37 4. How Bookkeepers Make $100K plus ----------------------------------- Hang Out with me on social media: 📸 https://www.instagram.com/the_financial_controller/ 📱https://www.tiktok.com/@thefinancialcontroller https://www.linkedin.com/in/bill-hanna-cpa-7653a851/ DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week! All views expressed on my channel are mine alone. Not intended as financial or professional advice

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Resources for Accountants

The Difference between a Top-tier and a Low-tier Business School [Video]

I’ve taught at several different business schools, and I’ve found that both higher-tier and lower-tier business schools teach the same business concepts. You’ll learn about Porter’s Five Forces, the four P’s of marketing, and the financial statements. So if you’re learning the same concepts, why do some people try so hard to get into a top business school? I mean, why does it matter where you go to school? It matters because classroom learning is just one aspect of the business school experience. What you get out of business school is also a function of: • The quality of the school’s alumni network and faculty, as well as your classmates • The helpfulness of the school’s career center • The reputation of the school and its ability to become a recruiting target for top firms — Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world. — SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS: • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING • A 44-PAGE GUIDE TO U.S. TAXATION • A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS • MANY MORE FREE PDF GUIDES AND SPREADSHEETS * http://eepurl.com/dIaa5z — SUPPORT EDSPIRA ON PATREON *https://www.patreon.com/prof_mclaughlin — GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT * https://edspira.thinkific.com — LISTEN TO THE SCHEME PODCAST * Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725 * Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc * Website: https://www.edspira.com/podcast-2/ — GET TAX TIPS ON TIKTOK * https://www.tiktok.com/@prof_mclaughlin — ACCESS INDEX OF VIDEOS * https://www.edspira.com/index — CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira * Instagram: https://www.instagram.com/edspiradotcom * LinkedIn: https://www.linkedin.com/company/edspira — CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin * LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin — ABOUT EDSPIRA AND ITS CREATOR * https://www.edspira.com/about/ * https://michaelmclaughlin.com

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Resources for Accountants

All About US CPA Eligibility | CPA | CPA Course | Simandhar Education [Video]

All set to enhance your Accounting & Finance career with a US CPA course? Know all about the eligibility before you get started.Watch this video to know more!#ThinkCPAThinkSimandhar #cpa #uscpa #cpaexaminIndia #cpaevaluation"Simandhar Education will help you ace the CPA, CMA, EA, CIA, and IFRS certifications. For any further information regarding the courses, you can feel free to reach out to our expert counselors at 𝟕𝟕𝟖𝟎𝟐𝟕𝟑𝟑𝟖𝟖. Drop your Details: https://bit.ly/3wf2fD4 ------------------***-----------------***---------------------***---------------------***-----------------------𝗔𝗯𝗼𝘂𝘁 𝗦𝗶𝗺𝗮𝗻𝗱𝗵𝗮𝗿 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻Simandhar Education is a leading training provider for US CPA, US CMA, CIA, EA, and IFRS. Simandhar Education always believes in transforming education and providing high standards of learning to the students. We are the channel partner of AICPA and the official partner of Becker Education, the most acclaimed CPA reviewer in the USA. We believe in imparting information and concentrate on grooming individuals and make them fit for the corporate world. The academy provides quality education with more emphasis on practical knowledge. Simandhar Education has a wide network of world-class trainers, teachers, and industry experts, and all the teachers at Simandhar are CPA qualified and rank holders. We also provide guaranteed placement support to the students and personal grooming sessions for the interviews. "𝗦𝗶𝗺𝗮𝗻𝗱𝗵𝗮𝗿 𝗔𝗰𝗵𝗶𝗲𝘃𝗲𝗺𝗲𝗻𝘁𝘀Simandhar education has over 3000 enrolled students and has successfully placed more than 200 students across reputed firms. We have a team of 10 leading faculties and have effectively conducted 100+ corporate events in the CPA/ CMA domain. Contact Us: +91- 7780273388 or leave a message on social media.Make sure to hit the like, share and subscribe to our YouTube channel.To get more updates on the YouTube Channel click: http://bit.ly/2Mt2BB1Now you can listen to our podcast at https://bit.ly/36PYQPP ------------------------------- 𝐅𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 -----------------------------------Make Sure to follow us on our Social Media Channels:Podcast: https://bit.ly/36PYQPPInstagram: https://zcu.io/TNgDLinkedin: https://bit.ly/2Oh9w5dFacebook: https://zcu.io/gDvXTwitter: https://zcu.io/17cSThink CPA / CMA - Think Simandhar