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Client Testimonials

It's one thing for us to talk about how much we can do; it's another thing entirely to hear it from actual clients. See what our friends have to say about our service, expertise, trustworthiness, dedication and more.

Mary Anne Jacobs, CEO of Mary Anne Jacobs Consulting, discusses her experience working with James Moore's HR Solutions team. Mary Anne shares how the HR Solutions team quickly established relationships with her and her staff and highlights the positive impact the partnership has had on her business.

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Learn how James Moore has participated in the daily activities and growth of CareerSource of Florida!

As the CFO of CareerSource Florida, Andrew Collins oversees the organization's compliance of state and federal regulations. In this testimonial, he shares how James Moore has helped him with internal controls and audits for over twenty years.

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When a large cardiovascular provider had just two people covering all HR operations, we stepped in to provide support, guidance and a shoulder to lean on. See what the practice’s HR Director, Natalie Turner, has to say about how we’ve helped them.

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News & Brews Sports Biz Podcast

News & Brews Sports Biz is our video and podcast series discussion the latest in collegiate athletics. Join us the 2nd Thursday of the month at 4:30pm EST as we have a coffee or beer and discuss the latest developments that affect your athletics program.

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Accounting Rx

Accounting Rx is our monthly video series featuring healthcare accounting tips and advice! Join the leaders of our Healthcare Services Team as they talk about topics that impact your business the most.

Discover how to elevate your medical practice's financial health beyond basic revenues and assets. In this informative video, we delve into the essence of EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) and its critical role in assessing your practice's profitability. We provide you with a comprehensive understanding of why considering EBITDA can offer a more nuanced view of your financial performance, especially when comparing practices with different histories and asset values.

Learn through a clear, simplified example how newer and older practices face unique financial challenges and opportunities, and why EBITDA serves as a vital metric to level the comparison field. Find out how higher EBITDA can signal better financial health, yet why it's just the start of understanding your actual cash flows and return on investment.

We also share exclusive tips to increase your EBITDA effectively:
*Enhancing patient appointment attendance
*Optimizing upfront billing processes
*Prompt and accurate coding for services
*Negotiating better fee schedules with insurance
*Reducing overhead costs
*Aligning employee roles towards improving your bottom line

Plus, understand the importance of consulting with a healthcare CPA to ensure your practice's EBITDA is at an optimal level, tailored to your specialty and location. This is based on insights from the MGMA’s Provider Compensation and Production Report, highlighting the significance of geographic and specialty-specific benchmarks in evaluating your practice’s financial standing.

Don't miss out on the opportunity to transform your practice's profitability. Watch now to learn how to navigate the complexities of EBITDA and implement strategies that work.

#EBITDA #MedicalPracticeProfitability #HealthcareFinance #PracticeManagement #MedicalBilling #HealthcareCPA #MGMAReport #ReduceOverhead #IncreaseEarnings #FinancialHealth

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YouTube Video UExyQlhPa0JKMTM1bmc4ejBBRlg4MWJsSHNhbVh3SFZBdi41Mzk2QTAxMTkzNDk4MDhF

Discover the key to maintaining your practice's financial health with our latest video, "5 Essential Bookkeeping Habits for a Financially Healthy Practice." Just like the good habits we recommend to our patients, such as eating right and exercising, your practice needs healthy bookkeeping habits to prevent small issues from escalating into major problems. In this video, we dive into five crucial bookkeeping practices that will keep your practice's finances in top shape:

1. Detailed and Organized Record-Keeping: Learn how to set up an efficient filing system for all your financial documents, ensuring quick and easy access when needed.

2. Regular Reconciliation of Accounts and Billing: Understand the importance of frequent reconciliations to catch discrepancies early and prevent potential fraud.

3. Prompt Billing for Steady Cash Flow: Discover strategies for billing claims early to mitigate delays and maintain a healthy cash flow.

4. Separate Financial Tracking for Multiple Locations: Find out why it's crucial to monitor the finances of each location individually to accurately assess their performance.

5. Leverage Technology Tools: Explore how accounting software can automate routine tasks, enhance accuracy, and free up your staff for more complex work.

Adopt these five bookkeeping habits to ensure your practice's financial well-being. Stay ahead of potential issues with these proactive steps and keep your practice financially healthy.

Don't forget to like, share, and subscribe for more tips on managing your practice efficiently!

#BookkeepingHabits #FinancialHealth #AccountingForHealthcare #PracticeManagement #HealthcareFinance #MedicalBilling #AccountingSoftware #FinancialWellbeing #HealthcareManagement #businessefficiency

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🔍 Get What You Pay For: Navigating Medical Practice Buy-Ins 🔍

Thinking about buying into a medical practice? Make sure you're fully informed! 💼 Whether you're launching your private practice journey or planning your exit strategy, a thorough examination of your buy-in agreement is crucial. Here's what you need to consider:

📊 Valuation Methods: Understand how the practice determines its value – income, profit, market comparisons, or asset evaluation.
💰 Payment Terms: Clear outlines of buy-in costs, payment schedules, and financing arrangements are a must.
🤝 Ownership Percentage: Know your stake and its correlation to costs, profit sharing, and decision-making authority.
🏢 Business Structure: Tax implications vary based on the practice's entity type – C Corp or S Corp.
💼 Income and Expense Allocation: Ensure fairness in workload, compensation, and expense distribution.
🔄 Buy-Sell Provisions: Plan for the future with clear conditions for selling your share and determining its value.
📜 Legal Considerations: Non-compete clauses, operational control, insurance, and liability should not be overlooked.

Consult with your healthcare CPA and enlist legal support to craft or review your buy-in agreement thoroughly. Your practice's success depends on it!

#medicalpractice #BuyInAgreement #PhysicianOwnership #FinancialPlanning #HealthcareBusiness #PrivatePracticeCareer #PhysicianLife #HealthcareCPA #legaladvice

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In the latest edition of AccountingRx, we delve into the crucial topic of employee engagement in the age of The Great Resignation. Understanding how to retain skilled employees is more important than ever. We explore practical strategies for creating a workplace culture that values, respects, and engages your team. From treating employees with kindness to celebrating their achievements, we cover the essentials of fostering an environment that encourages staff to stay.

We emphasize the importance of regular check-ins, genuine interest in employees' well-being, and establishing clear standards of professionalism. Discover how small actions, like a simple 'good morning', can have a significant impact on employee morale. Leadership plays a pivotal role in this process, setting the tone for a culture of engagement and respect.

Tune in to learn how to create a more empathetic, trusting, and safe workplace, ensuring your employees feel productive and valued. This is a must-watch for any leader or manager striving to navigate the challenges of staffing shortages and high turnover rates, while ensuring their team remains happy and engaged.

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💬 Drop a comment below sharing your experiences or tips on employee engagement.

#EmployeeEngagement #Leadership #WorkplaceCulture #TeamRetention #TheGreatResignation #HappyWorkforce #ManagementTips #LeadershipStrategies

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Welcome to this month's episode of AccountingRx! ???? Unclaimed checks from your healthcare practice can be a major headache, right? They don't just throw off your account reconciliations, but also add hours of extra work for your team. ????

Join us as Rebeca Denahan, Outsourced Accounting Director at James Moore, breaks down everything you need to know about unclaimed patient refunds. ????

In this episode, we'll explore:
???? The origins of unclaimed checks
???? The pitfalls they cause in your practice
????️ Practical steps to ensure these pesky checks don’t become a major nuisance

Don’t let unclaimed checks disrupt your healthcare practice anymore. Subscribe and ring that notification bell ????️ so you never miss out on expert advice to streamline your accounting processes.

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In this video, James Moore partner Jay Hutto discusses how to maximize your deductions to save on your taxes. We'll talk about how to deduct travel expenses, home internet expenses, and more.

Maximizing your deductions is important. By learning about your specific tax deductions and using the correct methods, you can save yourself a lot of money! In this video, we'll discuss some of the most popular ways to lower your tax obligation. So be sure to watch and learn!

Do you have a question about tax deductions for your business? Let us know in the comments!

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In this video, James Moore partner Stacy Joyner discusses the essential steps involved in adding a physician to your practice, whether it's a current plan or a future endeavor. Whether you're aiming to enhance your business, broaden your range of services, or prepare for retirement, there are numerous factors to consider along the way. Be sure to watch the video for valuable insights, and don't hesitate to contact our team of experienced healthcare CPAs if you have any further questions or would like to delve deeper into the topic.

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HR in a Minute

Human resources touches everything – payroll, operations, training, employee well-being and more. So we've got HR tips and tricks that make your day-to-day work just a little bit easier. And because you're busy, we've kept these videos brief and easy to take in. After all, it isn't "HR in a Minute" for nothing!

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Recall our chat on HR in a Minute about the importance of up-to-date job descriptions? They're crucial not just for compliance but for recruiting, retention, and performance evaluation.

Here's a quick breakdown of what they must include:

1️⃣ Role & Responsibilities - Ensure it offers a real-time picture of tasks and duties.

2️⃣ Qualifications - Reflect on needed knowledge and skills. Is a degree vital or is experience enough?

3️⃣ Physical Demands & Conditions - Highlight any physical requirements and if onsite presence is necessary.

4️⃣ Salary Info - Stay updated on state or local mandates about displaying salary ranges.

Revisit your job descriptions yearly to stay current. Like and subscribe for more HR tips! 👍📌

#hrsolutions #humanresources #jobdescription

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In today's fast-paced job market, upskilling has become essential for career growth and business innovation. Julie Kniseley explores why investing in new skills can boost your earning potential by at least 20% and keep you relevant in an evolving landscape. She touches on in-demand digital and soft skills, and offer actionable insights for employers to make learning a priority.

Tune in to find out how upskilling can benefit both you and your organization. Add to the discussion by leaving a comment below.

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In this video, Julie explains what pay transparency is and how it can benefit businesses and employees.

Pay transparency is the practice of publicly disclosing employee salaries. By making salaries public, businesses can reduce the gender and age wage gaps, promote equality, and build trust between employees and management.

If you're interested in learning more about pay transparency and how it can benefit businesses and employees, watch this video! We'll explain everything in detail, and we hope you'll learn something new.

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Bad days are one thing; consistent bad attitudes are another. Watch as Julie gives tips for dealing with negativity in the workplace.

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Performance reviews might seem like an exercise in monotony, but they’re an important part of helping your employees improve and grow. Julie explains more about effective appraisals.

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Moore on Technology

Welcome to Moore on Technology! In this series of video shorts, we discuss trending and common questions about your network, data protection, cybersecurity and more. With over 30 years of IT service and experience, we've pretty much seen it all. So check out our videos for on-point answers that protect your organization.

Now that you know what makes a good managed services provider (https://youtu.be/OUGZFyD5DDw), how can you be sure they’re doing what you hired them to do? High-quality credentials only go so far unless they're backed up by high-quality work. Curtis covers questions you should ask yourself to ensure your technology is in good hands.

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What makes a good managed services provider? Some of it depends on your specific circumstances. But three qualities are essential for any firm that has access to your technology. Curtis outlines these must-haves in this episode of Moore on Technology.

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For many of us, the holiday season means online shopping. But mixed in with all the great deals are scams, malware and other dangers. Curtis offers some helpful hints on keeping your data—and your money—safe from hackers.

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Passwords are only as secure as you make them. In this episode of Moore on Technology, Curtis reviews what makes a truly secure password (spoiler alert: it’s not a “word” per se) and the best ways to guard and store it.

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Curtis continues the discussion on HB 7055 and its impact on your cybersecurity efforts. The Florida Digital Service is developing its mandatory training program for government entities. But you don’t have to wait to protect your organization. Learn about his recommendations on steps you can take now to beef up your cybersecurity efforts in anticipation of the new law’s implementation.

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Florida’s Cybersecurity Act, passed earlier this summer, outlines a number of new requirements local governments must follow to protect their technology and data from hackers. The most impactful part? Governments are now forbidden from paying ransom to cybercriminals. Curtis McCallister explains the importance of this provision in this episode of Moore on Technology.

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Preparing for hurricane season is about more than protecting hardware and data. It also requires a plan to keep your operations running in the days and weeks after a storm hits—or it could mean the end of your business. Curtis discusses how you go about doing this and what you need to include in your business continuity plan.

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As we draw closer to hurricane season, the time is now to make sure your data backups are working. In this episode, Curtis talks about the types of backups you can use and how often you should use them.

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As the Atlantic Hurricane Season approaches each June, it’s never too soon to make sure your technology is protected from water damage and other dangers. Curtis provides suggestions to safeguard your network and equipment both now and as a storm approaches.

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James Moore Overview

#JamesMooreLife is about challenging and fulfilling work, coworkers who care and a competitive compensation and benefits package. It's about flexible hours and remote work options that accommodate your world outside of the office. It's about who we are and what makes us unique.

Your career deserves a company that lets you thrive professional AND personally! From the variety of projects to a real commitment to work/life harmony, see what makes our company a unique, exciting and fulfilling place to work.

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Your accounting career deserves more than just a CPA firm. It deserves a company that lets you thrive professional AND personally! From the variety of projects to a real commitment to work/life harmony, see what makes our company a unique, exciting and fulfilling place to work.

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At James Moore, we put you, our customer, first. We understand that navigating the ever-changing business landscape can be difficult. That's why we are here to help you anticipate and adjust to what's coming next. With decades of experience, our team has the insight and expertise to help increase the value of your business and see you thrive through economic ups and downs, leadership changes, and evolving regulations and taxes. Trust us to be your guide and partner in business success.

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We don't do ordinary, so neither should our brand. Our people and services are diverse and unique (with a sense of fun thrown in for good measure). That’s why our look takes a lighthearted approach, from imagery to colors to the phrasing we choose.

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Moore on Manufacturing

Our monthly podcast/video series delves into key issues affecting manufacturing businesses, such as tax strategies, economic impacts, operational efficiencies and preparation for business transitions. Brief and engaging for busy professionals, Moore on Manufacturing focuses on practical advice to enhance business value.

Welcome to another insightful episode of Moore on Manufacturing, where we dive deep into the heart of manufacturing operations and uncover the secrets to overcoming inefficiencies that plague many plants. In this episode, we're thrilled to have Patti Gander, a certified Lean Six Sigma Black Belt and the visionary behind Business Essential Skills Training, share her expert insights.

Operations can make or break your success in the manufacturing world. Despite the complex logistics involved, there are ways to streamline processes, reduce waste, and significantly boost your company's performance. Patti Gander discusses common operational issues seen in manufacturing and how adopting Lean Six Sigma methodologies can transform challenges into triumphs.

Learn how focusing on operational efficiency can add immense value to your products, empower your people, and elevate your company to new heights. Whether you're a manufacturing veteran or new to the industry, this episode is packed with actionable advice to help you shore up your operations and drive success.

What You Will Learn:
*Identifying and overcoming common operational inefficiencies in manufacturing.
*The principles of Lean Six Sigma and how they can be applied to manufacturing operations.
*Real-world insights from Patti Gander on improving manufacturing processes.
*Strategies for adding value to your product, your team, and your company through operational excellence.

#ManufacturingOperations #LeanSixSigma #OperationalExcellence #MooreOnManufacturing #ManufacturingSuccess #BusinessEssentials #ProcessImprovement #ManufacturingEfficiency #LeanManufacturing #SixSigma #PattiGander

👉 Don't forget to LIKE, COMMENT, and SUBSCRIBE for more insights on manufacturing and business management.

✅ If you found this video helpful, please give it a thumbs up, comment below with your thoughts.

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On this episode of Moore on Manufacturing, we discuss a common year-end topic: tax planning. Many business owners wait until it’s too late to start planning for their income taxes—mostly due to being “too busy.” Yet properly planning for income taxes impacts not only how much you pay Uncle Sam, but the cash flow available for your business operations as well. The old adage of “cash is king” rings true; preserving as much cash as possible is key to running a successful business and preparing for the future.

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Welcome back to our channel! In today's episode, the esteemed business management consultant, Ed Marsh, graces us with his presence once more. With years of experience founding and operating several successful businesses, Ed brings a wealth of knowledge to the table. Today, we dive deep into the concept of constructing a 2nd or 3rd deviation sales team. If you've been curious about what that means or you're facing challenges with your current sales team, this episode is for you!

📌 What we'll cover:
*The fundamentals of a 2nd and 3rd deviation sales team.
*Common pitfalls and issues plaguing many sales teams.
*Proactive steps and strategies to elevate your sales team's performance.

Ed's insights are invaluable for business leaders and managers alike. Whether you're just starting out or looking to refine your sales strategies, this conversation offers practical guidance to set you on the right track. Don't miss out!

✅ If you found this video helpful, please give it a thumbs up, comment below with your thoughts, and of course, subscribe for more insightful episodes!

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Joining us on this episode is Katie Howard, Senior HR Consultant at James Moore, as she covers the latest updates on HR-related matters. In this insightful episode, Katie sheds light on:

🔹 An impending decision by the Department of Labor which could bring significant shifts to overtime pay requirements.
🔹 A deep dive into workers' compensation considerations.
🔹 How ensuring compliance isn’t just about following rules, but can directly influence the value of your business.

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#HRUpdates #OvertimePay #WorkersCompensation #BusinessValue #JamesMooreConsulting

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Welcome back to another exciting episode where we dive deep into the nitty-gritty of sales taxes for manufacturers! ???? Navigating the labyrinth of sales tax rules can be a head-spinning experience, especially when each state has its own set of regulations. ????️

To help us simplify this complex topic, we're thrilled to have Melody Lechleidner on board. She's a seasoned director from our State and Local Tax Team and will share invaluable insights on the subject. ????

We'll cover:
✅ When sales tax kicks in for manufacturers
✅ The types of items and transactions that are tax-exempt
✅ Must-have documentation you need to keep in check ????

Don't miss out on this episode to become a sales tax pro! Subscribe and hit that notification bell so you never miss out on any of our future discussions. ????️

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Today Mike and Kevin welcome special guest Ed Marsh, a business management consultant with Consilium Global Business Advisors, LLC. Together they discuss components you can use to increase the value of your manufacturing business. This includes how to create value, process improvements in sales and marketing, and changing your business mindset — all to help develop long-term value.

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Nonprofit

Kickin' it with Corinne

"Kickin' It With Corinne" offers concise video guides on nonprofit accounting, covering topics like IRS Form 990 and fraud prevention. Designed to simplify complex financial regulations and practices, these quick videos provide essential insights for time-pressed professionals in the nonprofit sector.

In this eye-opening video, we delve into the often-overlooked potential of Form 990, a critical document for nonprofits required by the IRS. Discover how this form goes beyond mere compliance, serving as a vital tool to enhance your funding strategy. Learn the key aspects of Form 990 that can attract more donors and elevate your nonprofit's credibility. From showcasing fiscal responsibility to highlighting program accomplishments and growth, we cover everything you need to know to leverage Form 990 effectively.

We also explore how major donor assessment platforms like Candid and Charity Navigator utilize Form 990 to evaluate your nonprofit's transparency and fiscal health. Get insider tips on making your Form 990 stand out to both the IRS and potential donors. Whether you're part of the financial staff or on the board of directors, this video is packed with actionable advice to boost your nonprofit's impact and funding through strategic use of Form 990.

Don't miss out on maximizing the benefits of your Form 990. Watch now to transform compliance into opportunity for your nonprofit!

#NonprofitFunding #Form990 #NonprofitSuccess #FiscalResponsibility #CharityTransparency #DonorTrust #NonprofitGrowth #IRSCompliance #NonprofitManagement #CharityNavigator #Candid #GuideStar #NonprofitMarketing #FundraisingStrategies

Remember to like, share, and subscribe for more insights on nonprofit management and growth strategies!

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Considering outsourcing your nonprofit's accounting? It's crucial to choose the right partner for your financial needs. Good accountants are a rare find, particularly those well-versed in nonprofit finances. This is why many nonprofits are turning to CPA firms for their accounting needs, including bank and credit card reconciliations, accounts payable and receivable, and more, allowing you to focus on your mission without the hassle of finding the perfect hire.

In this video, we delve into what you should look for when selecting an outsourced accounting firm for your nonprofit organization. We cover everything from the importance of extensive nonprofit accounting experience, audit readiness, uninterrupted service, customizable solutions, expertise across various accounting software products, experience with different budget sizes, to the invaluable CFO-level insight. Choosing the right firm can ensure your nonprofit's operations are efficient, compliant, and scalable.

Learn the key qualities that set apart the best outsourced accounting firms and how to make an informed decision for your nonprofit. Say goodbye to the endless search for qualified accountants and hello to comprehensive, expert financial management.

#NonprofitAccounting #OutsourcedAccounting #CPAFirms #FinancialManagement #NonprofitManagement #AccountingSoftware #NonprofitBudgets #StrategicPlanning #NonprofitMissionTIPS

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In this edition of Kickin' It With Corinne, we delve deep into what every nonprofit should consider when hiring an audit firm. With a focus on balancing budget constraints with the need for quality, we uncover the vital aspects that go beyond just the cost. Understand the significance of your audit in securing donations and grants, and why opting for value over price can safeguard your crucial funding.

Key Points to Look For in an Audit Firm:
*Nonprofit Experience: Importance of expertise in standard and single audits.
*Varied Experience: The necessity of a firm that understands your specific grants and funding.
*Understanding of Business Operations: How outsourced accounting services can offer better insights into your processes.
*Bench Strength: Ensuring the firm has adequate personnel to offer personalized attention.
*Additional Business Services: The benefits of firms that provide HR consulting, managed IT, and data analytics for a holistic partnership.
*Year-Round Availability: The importance of ongoing communication and updates on compliance standards.

Your audit is more than a regulatory requirement; it's a cornerstone of your nonprofit's financial health and operational integrity. Choose a firm that aligns with your needs, understands your challenges, and contributes to your overall success.

#NonprofitAudit #AuditFirmSelection #FinancialCompliance #NonprofitFunding #AuditValue #NonprofitSuccess #FinancialManagement #OperationalIntegrityMORE

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Strategic Nonprofit Alliance Partnership (SNAP)

SNAP helps nonprofit organizations manage and govern more effectively by offering information and training to nonprofit executives, staff and board members.

In this episode, we talk with Alyce Lee Stansbury about the characteristics of a high performing board, from appointing strategic thinkers to enforcing term limits. Watch this episode of our Strategic Nonprofit Alliance Partnership (SNAP) video series to learn more!

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In part 2 of our DEIB SNAP series, James and Corinne outline several actions an organization can take to kickstart its DEIB initiates. Start by assessing where you currently stand, review your policies and procedures, and make necessary changes to ensure your organization makes diversity, equity, inclusion, and belonging a top priority!

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You might have heard of DEIB – diversity, equity, inclusion and belonging – but what does it actually mean, and why is it so important? In this 3-part series of Strategic Nonprofit Alliance Partnership (SNAP) video shorts, James Moore nonprofit partners James Halleran and Corinne LaRoche discuss DEIB and how you can increase it at your organization!

In part 1, James and Corinne talk about why DEIB is important for nonprofits and how a more diverse workforce can benefit your organization.

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From lack of a written plan to lack of CEO involvement, we go over the (sometimes hidden) factors that could be tanking your fundraising. Watch this episode of our Strategic Nonprofit Alliance Partnership (SNAP) video series to learn more!

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Join master trainer, Chad Barger, for a fast-paced session filled with tips (hacks) for busy professionals to get more done, by working smarter, not harder.

This presentation focuses not on what we do, but how we do it. Tips are provided to help professionals better manage email, meetings, their energy level, distractions, self care, to do lists and work life balance (but we prefer the term work life harmony).

Viewers will leave the session with practical tips that they can immediately implement to make their days more productive and therefore amp up their results.

SNAP provides training opportunities for nonprofit executives, staff and volunteers. Topics such as fundraising, employment law, employee benefits, grant writing, volunteer management, public relations and financial management are discussed at the meetings. Speakers are experienced veterans in their field and have volunteered their time to speak and share their knowledge – helping to build stronger communities.

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Real Estate Industry Update

Join our real estate CPAs (along with some of the industry's top commercial and residential real estate brokers, agents, bankers and other experts) to discuss what’s happening in your industry! Our videos are released periodically and contain information on hot topics like real estate funds, tax planning, cost segregation, 1031 exchanges, industry updates and more.

Join Daniel and Kyle in this detailed discussion on how to qualify for real estate professional status. Discover the essential time commitments and material participation required to succeed in various real estate businesses such as operations, management, development, construction, and brokerage. Learn about the crucial role of being a 5% owner, the seven-step test for material participation in rental activities, and the benefits of making a grouping election to simplify your real estate ventures.

What's covered?

Time Requirements:
How much time you need to dedicate to qualify as a real estate professional.

Material Participation:
Understanding the seven-step test to determine your involvement in rental activities.

Categories of Real Estate Business:
Insights into different sectors like development, brokerage, and more.

Grouping Election Benefits:
Strategies to aggregate rental activities for easier management.

Record-Keeping:
Tips on maintaining detailed records and documentation to meet IRS requirements.

In case you missed it, here are the key takeaways:
*Spend significant time in a real property trade or business.
*Materially participate in your real estate business to meet IRS standards.
*Understand the importance of being a 5% owner in the business.
*Use grouping elections to manage rental activities effectively.
*Keep detailed records and documentation to substantiate your involvement.

Subscribe for more insights on real estate investment and management tips. Leave your questions or experiences in the comments, and let’s discuss!

#RealEstateProfessional #RealEstateInvestment #PropertyManagement #IRSRequirements #RentalProperties #RealEstateBrokerage #TaxPreparation #RealEstateTips

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(IMPORTANT UPDATE: On March 1, 2024, the Corporate Transparency Act was ruled unconstitutional as a result of a lawsuit filed by the National Small Business Association. While BOI reporting requirements might be struck down for everyone in the near future, at this time the case only applies to the plaintiff. James Moore is closely tracking this news as this lawsuit continues to play out in federal court and will keep you informed on any significant updates.)

Join Daniel Roccanti and Kyle Paxton in this insightful episode of our Real Estate Industry Update series as we delve into the intricacies of the Corporate Transparency Act and its implications for corporations, LLCs, and real estate investors. With the Financial Crimes Enforcement Network (FinCEN) now requiring specific filings, it's crucial for business owners and beneficial owners to grasp what information needs to be reported, who must file, and the deadlines involved.

Learn about the types of entities affected, the details required for reporting, including information on beneficial owners, and how to navigate the exemptions to avoid unnecessary filings. Whether you're a seasoned investor or new to the business world, understanding these regulations is key to maintaining compliance and avoiding hefty penalties.

We also cover the specifics of the filing process, including when and how to file with FinCEN, the penalties for non-compliance, and the impact of these regulations on real estate investors. With a focus on providing actionable advice, Daniel and Kyle offer guidance on ensuring your business or investment strategy aligns with the latest legal requirements.

Don't miss out on this essential update. Subscribe to our channel for more real estate insights and industry updates. Stay informed and stay ahead!

#CorporateTransparencyAct #FinCEN #RealEstateInvesting #BusinessCompliance #BeneficialOwnership #LegalUpdate #financialregulations

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In this episode, senior tax managers Kyle Paxton and Daniel Roccanti discuss the basics of Section 1031/like-kind exchanges and how they can help you save on your taxes. Areas they cover include how they work, common mistakes made and the trends they’ve seen.

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