Year-End Tax Planning Strategies: Expert Tips for Maximizing Your Savings!
In this blog post, we will discuss expert tips for maximizing your savings through year-end tax planning strategies.
Maximizing Rental Income: Derek's Real Estate Portfolio Success
In this episode of Office Hours, Derek Fujikawa, the managing partner of Fujikawa and Associates, shares his impressive rental portfolio success.
Business Write Offs 101: Maximizing Tax Savings and Deductions
Are you a business owner looking to optimize your tax deductions? In this blog post, we will delve into the world of business write-offs and provide you with valuable insights on how to make the most of them.
Understanding Stock Compensation: A Guide to Maximizing Your Earnings
In this blog post, we will delve into the world of stock compensation, explaining its various forms and tax implications, and providing valuable insights to help you make informed decisions. Let's dive in!
How to Save $10,000 by Switching from an LLC or Sole Prop to a Corporation
With options like LLC, Sole Proprietorship, C Corp, and S Corp, it's easy to get confused. In this blog post, we will explore how switching from an LLC or Sole Proprietorship to a Corporation can save you up to $10,000 in taxes.
Simplifying Tax Season: Tips From a CPA
In this blog post, we will break down some tips and strategies to make filing taxes easier. We interviewed Derek Fujikawa, a managing partner at Fuji and Associates, to get insights from a CPA's perspective. From gathering the right documents to planning for the future, here are some key takeaways to simplify the tax filing process.
Why You Shouldn't Be Scared of Tax Audits: Insights from a CPA
In this blog post, we will demystify tax audits and provide insights from a certified public accountant (CPA) on why you shouldn't be scared. From different types of audits to red flags and ways to protect yourself, we'll cover it all.
The Number One Tax Hack to Write Off Your W2 Day Job Income from a CPA
In this blog post, we will discuss a tax hack that can potentially save you thousands of dollars in taxes. We will be focusing on a cost segregation study, which is a method used to break down the components of a property and depreciate them over a shorter lifespan. By utilizing this strategy, you can maximize your deductions and offset your income from both your W2 day job and any short-term rental properties you own.
Maximizing Tax Advantages: Exploring Solar, EVs, Real Estate, and More
In this blog post, we will delve into the tax advantages of popular investments such as solar energy, electric vehicles (EVs), rental properties, and even hiring your kids. As a CPA, I will break down the potential tax implications of these investments and provide insights on whether they are worth considering. So, let's dive right in!
The Tax Implications of Flipping a House: What You Need to Know
In this blog post, we will break down the key points discussed in a recent episode of the Office Hours tax podcast by Fujikawa and Associates. From understanding capital gains to the benefits of living in the property you flip, we'll provide you with valuable insights to help you navigate the tax landscape of house flipping.
How to Buy an Apartment Complex: A Guide by a CPA
Are you interested in investing in real estate and wondering how to buy an apartment complex? Well, it's not as far-fetched as it may seem. In this blog post, we will summarize a video where Derek Fujikawa, a CPA, explains the process and considerations involved in purchasing an apartment complex. From understanding the rules of self-directed IRAs to exploring cost segregation and passive income options, syndications, limited partnerships, and more, we will cover the key points to help you make informed decisions and break down the structure and funding options for investing in these lucrative real estate ventures. So, let's dive in!
Are Sports Cards a Good Investment? Exploring the Potential Value and Tax Implications of Collectible Cards
This blog post will delve into the highlights of the podcast, discussing the potential value of sports cards as investments and exploring the tax implications, strategies to mitigate capital gains, and investment opportunities associated with selling collectible cards.
Debunking Business Tax Write-Offs: What You Can and Can't Deduct
In this episode of the Office Hours podcast, Josh and Derek from Fujikawa and Associates dive into the most commonly shared tax write-offs on social media.
How a CPA Wrote Off a $90,000 ADU in Their Backyard
In this episode of the Office Hours Podcast by Fujikawa and Associates, hosts Josh and Derek discuss the benefits of building an Accessory Dwelling Unit (ADU) in your backyard.
Myth Busting Instagram's Tax Tips | $4,000 Jordan Shoe Write Off?
In this blog post, we will be discussing some of the most shared Instagram tax tips and debunking any myths surrounding them. We will also explore the possibility of writing off a $4,000 pair of Michael Jordan shoes as a tax deduction.
Ensuring Your Children's Future: How a Family Trust Can Prevent Unintended Consequences
In this blog post, we will delve into the different types of trusts and estate planning, providing a comprehensive breakdown of their significance, and reasons why a family trust is a crucial component of estate planning.
Writing Off Your Business Trip to Hawaii and More! Tax Tips and Case Studies
In this blog post, we will discuss some tax tips and case studies to help you understand how you can maximize your deductions while enjoying your business travels. Join us as we dive into the world of tax deductions and learn how to maximize your benefits.
The Best Short Term Rental Tax Hack
Short term rental properties are a great investment for high earners. They deliver strong cash-on-cash returns and the underlying asset often appreciates. In addition to that, they also offer those with high W-2 income a massive opportunity to reduce their tax burden.
7 Tax Benefits of Owning a Rental Property
Owning rental property not only generates income and increases owner equity over the long term, but it also provides numerous tax benefits compared to other income-producing assets. The U.S. tax code is particularly friendly to real estate investors, and there are seven key tax benefits that every investor should be aware of.
How to Claim Real Estate Losses For Your Taxes
Most people know that real estate investing is the gold standard for "write offs", but what does that actually mean?