Johnston Carmichael Chartered Accountants and Business Advisers’ Post

📢 The brochure "Real Estate Taxation 2024" has just been released. 🏢 Our real estate experts provide fundamental knowledge and clearly explain the most important tax regulations. ✍ The lead authors of this brochure are real estate experts and TPA partners Karin Fuhrmann and Manfred Kunisch. As they put it: “The tax aspects of real estate can be a complex and often confusing topic. With our brochure, we offer a reliable source of information to help investors and property owners effectively manage their tax situation. Our Real Estate Taxation brochure provides practical insights and expert tips to help readers understand the tax benefits of real estate investments and identify potential pitfalls." 👉🏽 Download the brochure here free of charge: https://lnkd.in/dvmYUx9c

The best way to keep as much of your hard-earned money away from Uncle Sam as possible is by having a strategy that you revisit throughout the year. Here are some tax planning ideas to consider.

How significant are the tax benefits of real estate investing? So significant that those unfamiliar with the sector might think we're simply avoiding taxes! 🏠 On a serious note: the full potential of these tax benefits can only be realized with the right expertise. It’s crucial to partner with a CPA and/or tax strategist who specializes in real estate tax and knows how to unlock this union's true potential. Understanding the intricacies of real estate taxation goes beyond what a typical CPA might handle. Knowing the right questions to ask your CPA before bringing them on board is essential. Keep in mind that there are specific rules and limitations when it comes to tax strategies in real estate. It’s crucial to discuss these details with your CPA to understand how they apply to your individual situation. And a special shout out to Yonah Weiss for always keeping me engaged when teaching cost segregation! #RealEstateInvesting #TaxSavings #InvestmentTips #RealEstateTax #CPA #TaxStrategy #WealthManagement #FinancialPlanning #InvestorEducation #PropertyInvestment #costsegregation #depreciation

TERM TUESDAY!! This term is super important to understand and know all about! ASSESSED VALUE This is pertaining to the taxation levels on your property and land. We went through a high controversy in the last few years of assessments with extremely high taxation rates on some properties. You need to know the proper percentages on taxation, who is assessing this value, the value of your home as it stands, and where to go when/if you need to object to it! Knowledge is power! buff.ly/3wXF8TJ

In this edition of It depends, senior associate Tom Walrut talks about some of the planning considerations for land tax purposes in the lead up to 30 June.

A Real Estate Investor's Guide to Tax Statements and 1099s Tax season doesn't have to be stressful for real estate owners. Read here for a real estate investor's guide to tax statements and 1099s. https://lnkd.in/eaUyeWWs #APMS #AdvatagePropertyManagementServices #rentalproperty #realestate #PleasantonCA #DublinCA #LivermoreCA #landlord #propertymanagement

Navigating the Sunset of the TCJA: Flexible Estate Planning Techniques for High-Net-Worth Clients by Matthew Erskine “As the 2017 Tax Cuts and Jobs Act (TCJA) approaches its sunset on January 1, 2026, high-net-worth individuals must consider strategic estate planning to maximize current tax benefits and prepare for potential reductions in estate and gift tax exemptions.” *** These techniques take time to implement. Now is the time to begin analyzing these options. Don’t wait until next year!

In this article, our Tax Certiorari team shares important considerations and steps on how New York City property owners can manage their real estate tax burden and evaluate a tax appeal strategy, particularly in the face of high vacancy rates. Read our article here: https://lnkd.in/e2ydia5H #RealEstate #Tax #Property #VacancyRates

https://zurl.co/YM39O Boston Mayor Michelle Wu’s plan to temporarily increase commercial property taxes has stalled again after new data indicated the impact from slumping office building values on the city’s tax system won’t be as stark as initially estimated.

We are pleased to report a 41.20% market value reduction for this Galveston county property, resulting in $4,238 in property tax savings for our client. Learn more about our tax reduction process at GillDenson.com. #galvestoncounty #propertytaxes #taxexpert #casestudy