Randell "Randy" Martin, CPA, EA, CTRS, MBA’s Post

💰 Attention Business Owners! 💰 Replacing an old roof on your commercial building or rental property? Don't miss out on this lucrative tax strategy... By taking advantage of the "partial disposition" election, you could get an immediate tax deduction for writing off the old roof's remaining basis. Not only does this boost your current cash flow, but it also reduces your future tax burden when you go to sell the property down the road. It's a win-win! The time value of this deduction really adds up! Follow the link to our blog to learn more. 👉 https://lnkd.in/g-JmTGbC Don't leave money on the table - make sure to deduct that old roof! #taxdeductions #cashflow #realestatetips #wealthbuilding #propertytax #roofing #depreciation

Are You Ready for the Next Tax Year? 📅💼 Stay ahead of the game by ensuring your rental income and expenses are properly documented. We can help landlords like you keep track and maximise tax benefits. Get in touch now! Contact Shanice 📞 07896 988 311 #LandlordAdvice #TaxPlanning #DoncasterProperty #LettingAgents #PropertyIncome

Are You Ready for the Next Tax Year? 📅💼 Stay ahead of the game by ensuring your rental income and expenses are properly documented. We can help landlords like you keep track and maximise tax benefits. Get in touch now! Contact Shanice 📞 07896 988 311 #LandlordAdvice #TaxPlanning #DoncasterProperty #LettingAgents #PropertyIncome

Are You Ready for the Next Tax Year? 📅💼 Stay ahead of the game by ensuring your rental income and expenses are properly documented. We can help landlords like you keep track and maximise tax benefits. Get in touch now! Contact Shanice 📞 07896 988 311 #LandlordAdvice #TaxPlanning #DoncasterProperty #LettingAgents #PropertyIncome

Are you a landlord or property owner? The Chancellor announced the Capital Gains Tax on property disposals will change from 6 April 2024 whilst abolishing Furnished Holiday Lets tax regime from 6 April 2025. How will you be impacted? Read here: https://bit.ly/4aibyGs #UKProperty #Budget2024

Don't let taxes tax your home buying excitement! Navigate the essentials of real estate taxation without the headache. We're here to break it all down for you - exemptions, benefits, and the must-knows to avoid future surprises. Whether you're a first-timer or looking to expand your portfolio, understanding the tax terrain is key. Click through for crystal clear insights into real estate taxes! #TaxSavvyBuyer #RealEstateTaxes #InformedBuying #PropertyTaxTips #HomeownerInsights #SP

Does it make sense to eliminate tax benefits for those that invest in single-family homes and condos? What are your thoughts? If we change the current tax code to eliminate investors tax incentives, will that slow the investor demand, increase inventory, and drive down values to a more affordable level? #realestate #realestateinvestments

Maximizing Tax Benefits for Homeowners: The Step Up Strategy Explained Discover how homeowners can leverage the step up strategy in the tax code to maximize tax benefits. Learn how this strategy benefits your heirs and find out if you should consider depreciating your home for business purposes. #HomeownerTaxBenefits #StepUpStrategy #TaxCodeTips #MaximizeTaxSavings #HomeownershipBenefits #FinancialPlanning #TaxDeductions #RealEstateInvestment #DepreciationStrategy #BusinessOwners

💰 How to Save on Taxes When Flipping Houses 💰 Flipping houses can be a profitable venture, but knowing how to minimize your tax burden is crucial. Here are some key strategies to help you keep more of your hard-earned profits: • Understand Capital Gains Tax: Know that profits from house flips are subject to capital gains tax. • Use the 1031 Exchange: Defer taxes by reinvesting profits into another property using a 1031 exchange. • Deduct Business Expenses: Write off expenses like materials, labor, and marketing as business costs. • Keep Detailed Records: Maintain thorough records of all expenses and receipts to maximize deductions. • Consult a Tax Professional: Work with a tax advisor to strategize and ensure compliance with tax laws. 📅 Interested in flipping houses? Watch the video for more tips on saving money and maximizing your profits! 🔄 Repost this to share with your network! Thank you! #Michigan #MichiganRealEstate #RealEstate #JayShahRealEstate #Detroit #HouseFlipping #RealEstateInvesting #TaxTips #PropertyFlipping #RealEstateStrategy

Do you Think real estate is only for the rich? Think again! Here’s how rental properties can slash your tax bill.  Tip: Choose properties where the building is 80% of the value—you can depreciate more and save big on taxes!  Use cost segregation to accelerate depreciation and boost your tax write-offs even further. Don't let your money slip away—follow @iamaccounting for more tax-saving tips! #tax #taxes #finance #realestate #realestateagent #depriciation