The Chris Marshall

In the realm of real estate investing , understanding the nuances of accounting and bookkeeping is crucial. Whether you're flipping houses or managing single-family rentals, having a grasp on your finances can make or break your investments. This guide will provide insights into real estate accounting , bookkeeping , and the tax implications of your real estate ventures. 1. The Importance of Real Estate Accounting: Real estate accounting isn't just about tracking income and expenses. It's about understanding the financial health of your investments, ensuring compliance with tax regulations, and making informed decisions for future ventures. Investment Property Definition: In real estate , an investment property refers to land or a building held to earn rentals or for capital appreciation. Properly accounting for these assets is paramount. Acquisition and Measurement: When diving into real estate investing , it's essential to record the property at its cost during a...

  If you have been in Crypto or blockchain for a while you probably know just how crazy and stressful dealing and planning for the taxes can be. While there is some really cool tools out there to help, this article isn't about preparing for your taxes. This is actually a thought piece and an idea of mine about how we could not only ease the burden of crypto taxation but possibly do far more.  Imagine a world where we not only, did we as a people have no taxes, but we were paid to be citizens of wherever we decided to live. No, in this fantasy land we did not over through our government and now we live in some lawless society. Our Government is still very much around and we have found a way to replace the monetary need of our government and possibly given them more money to be able to help build a better society. Best part is, is this new system is all proportionate to the amount of each "tax payer". So wealthier people will be able to contribute more than those in the mid...