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From bookkeeping and payroll to tax management The Bookify has everything you need to simplify your business finances. Explore our tailored solutions today!
From bookkeeping and payroll to tax management The Bookify has everything you need to simplify your business finances. Explore our tailored solutions today!
CPA handles all your expenses and taxes while you focus on education.
You have high standards for your mission. But in the education industry, with limited financial support, declining enrolment rate, and extensive regulation, that mission can easily become bogged down. So, without proper financial assistance and consultation, everything is void, and thus it becomes crucial to manage the financial resources and accounting aspects efficiently. We understand that the education sector differs significantly from other sectors and the importance of regular financial monitoring to determine profitability. That’s why we think it is important to keep our clients informed and provide them with monthly financial statements and reports on profitability tailored to their needs.
Our comprehensive accounting services include bookkeeping, managing payables and receivables, managing payroll, tax preparation, and more. We assist clients in maintaining financial accuracy and compliance while supporting overall business growth.
For the data of the firm, we utilise the best software. Xero and QuickBooks are two of the most popular accounting software programmes that help us manage financial data efficiently and securely. These tools ensure accuracy, real-time insights, and seamless collaboration, allowing us to deliver reliable and efficient financial management for your business.
A real estate developer builds homes for their use. A construction contractor works on property that someone else will eventually use. This distinction is crucial as it has numerous tax ramifications.
A real estate investor intends to buy and hold real estate. 1.The costs of the sale reduce the proceeds. 2.Real estate sales are treated as capital gains and losses. 3.Having the ability to postpone gaining attention. A real estate dealer is someone who buys property intending to sell it. 1.Expenses are considered like any other business expense. 2.Gains and losses in the selling of real estate are expected. 3.Unable to postpone gaining notoriety. 4.Sales are an essential aspect of any organisation.
Commissions, professional fees, tenant incentives for the lessor, and professional expenses for the lessee must be amortised throughout the lease's term.
The lessee's security deposit is not tax-deductible and is not included in the lessor's revenue; instead, it is maintained as a liability by the lessor. If the security deposit is used up due to non-compliance with the lease conditions, it will be counted as either revenue (lessor) or cost (gross) (lessee).
Real estate investors generally get tax benefits that real estate brokers do not. Compared to dealers who are taxed at the higher ordinary income rates, real estate investors who keep a property for more than a year are taxed at the lower capital gains rates.
Let’s start the journey towards success and enhance revenue for your business. Take your company to the next level.