TrueBooks CPA

Cost segregation can accelerate your deductions, improve cash flow, and reduce taxable income. Curious how it works? Let us know below! ?? #RealEstateTaxTips #CostSegregation #TaxPlanning?

What is Cost Segregation and Why Should Real Estate Investors Care? Cost segregation is a powerful tax strategy that allows real estate investors to accelerate depreciation on their properties. By reclassifying assets like equipment, fixtures, and other personal property into shorter depreciation schedules (5, 7, or 15 years instead of the standard 27.5 years for residential properties), you can: ? Reduce your taxable income. ? Increase your cash flow. ? Reinvest savings into more properties or other investments. This strategy is especially valuable in the early years of ownership, giving you larger depreciation deductions when you need them most. Conducting a cost segregation study is the first step to unlocking these benefits. If you’re curious about how cost segregation could work for your portfolio, let’s talk! We are here to guide you through it! #RealEstateInvesting #TaxStrategy #CostSegregation?

Giving back through donations? Here’s a quick breakdown to help maximize those charitable deductions: cash donations can be deducted up to 60% of your income, while non-cash items are capped at 30%. Keep receipts, verify the charity’s 501(c)(3) status, and if you exceed the annual limit, don’t worry—you can carry the deduction forward to future years!

Our priority is to clear up the backlog on big projects and keep your monthly operations running seamlessly. But we don’t stop until we reach 100% completion — no loose ends, no cutting corners. ?? Sometimes it means reviewing, adjusting, and even bringing in additional support to get it right. It’s all about staying on track and delivering top-notch results for our clients. Let’s get it done, the TrueBooks way! ?? #BusinessEfficiency #ProjectSuccess #ClientSatisfaction

1031 exchanges are a powerful tax-deferral tool, but they come with rules... It’s important to understand that the basis is rolled over from the old property to the new one. There’s no step-up in basis unless you add new funds to the deal. If you’re only reinvesting the gain, your cost basis remains the same. Want to learn more about how you can leverage a 1031 exchange? Let's connect! #TaxStrategy #1031Exchange #RealEstateInvesting #WealthBuilding

Taxes are based on your?taxable?income, not your total income. The more you can deduct, the less you pay. Starting a nonprofit can help reduce your taxable income, but be aware of self-dealing rules and donation caps (up to 60% of income). It’s a powerful strategy, but only when done right! #TaxStrategy #NonprofitPlanning #BusinessTax #WealthBuilding

Proactive tax planning = big savings. If you want to learn more about how you can apply these strategies to your business, let's connect! Share your pick below! ??

States like Delaware and Wyoming are famous for tax planning, but one of their biggest advantages is the anonymity they provide for LLC owners. This legal structure makes it harder for creditors to trace ownership, adding a layer of protection for your business! #BusinessStrategy #TaxPlanning #LLCFormation #AssetProtection

Year-end tax planning tip ????: Consider buying a vehicle over 6,000 lbs for your business to maximize your deductions before December 31. Why is this a great strategy? ? Quick to execute at year-end. ? No need for upfront cash — finance it with zero down. ? Get a significant tax deduction by tracking business mileage. If you’re unsure how this works, send us a message. We’re here to help you make the most of your tax planning! ?? #TaxPlanning #BusinessTaxStrategy #TruebookInsights #EntrepreneurTaxTips

Want to create a sustainable business? Focus on the?lifetime value?of your clients. Recently, we heard an inspiring story from a conference: a business owner gives his team the power to issue refunds, no matter the amount, to ensure client satisfaction. His belief? The ROI on a happy customer is always higher than any short-term gain. Compare that to companies that sell expensive education programs with nothing to offer after that initial sale. The long-term value simply isn’t there. At Truebooks, we prioritize client happiness above all. When clients are happy, they keep coming back — and that’s where the real value is. ?? #ClientExperience #CustomerRetention #SustainableBusiness?