Financial Blogs, News, and Information

P3 Accounting LLC

Unlocking Tax Benefits: Using Multiple Vehicles for Your Business

Unlocking tax benefits using multiple vehicles for your business can be a savvy tax strategy that allows you to maximize your tax benefits.

P3 Accounting LLC

Maximize Profits and Defer Taxes with an Installment Sale

We want to introduce you to this valuable tax planning strategy that can maximize profits and defer taxes with an installment sale.

P3 Accounting LLC

Maximizing Tax Savings and Minimizing Audit Risk: Employing Your Spouse Strategically

We will provide you with 4 essential insights to employing your spouse, allowing you to maximize your tax savings and minimize audit risk.

P3 Accounting LLC

Maximizing Tax Benefits: Understanding Self-Employment Taxes

Unravel the complexities of self-employment taxes to get a clear understanding of what self-employment taxes entail and how to navigate them

P3 Accounting LLC

Form 4797: What is it and What is it Used For?

We’ll provide insights into the best practices for reporting the sale of business property and a comprehensive guide on completing Form 4797

P3 Accounting LLC

You Missed the Tax Deadline - Now What?

If you missed the tax deadline, you might be facing penalties from the IRS. However, don't panic, there are still options.

P3 Accounting LLC

Understanding Real Estate Professional Status (REPS) for Tax Purposes

Real Estate Professional Status (REPS) is a tax status allowing real estate investors to deduct rental real estate losses.

P3 Accounting LLC

Maximizing Your Rental Property Investment: Understanding the Difference Between Repairs and Improve

Understanding the difference between repairs and improvements is essential to maximizing your investment returns..

P3 Accounting LLC

Maximizing Your Business Vehicle Deduction with the IRS Mileage Rates

Taking advantage of every tax deduction available is important for a business. One deduction is the cost of using a vehicle for business.