YAME Consulting

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The intricacies of tax law, particularly around rental real estate, can be both a boon and a bane for investors. Among these complexities, the $25,000 rental passive loss limitation stands out as a critical rule for taxpayers who own rental properties. But those that qualify as real estate professionals can avoid that limitation.

How Landlords Can Navigate Beyond the $25,000 Loss Limitatio The intricacies of tax law, particularly around rental real estate, can be both a boon and a bane for investors.

Funding a child's education can be a daunting task for many parents and guardians. With the rising costs of post-secondary education, finding a tax-efficient way to save and grow education funds is crucial. Section 529 Plans are a powerful tool in the arsenal of education savings options.

How a Sec 529 Plan Can Transform Your Family's Future Funding a child's education can be a daunting task for many parents and guardians.

"Experts" suggest having at least 3-5 income streams to ensure financial stability and growth. These can include your main job, side hustles, savings and interests, investments, rental income, and more.

How many income streams do you think a person should have?

Einstein's analogy reminds us that life, like riding a bicycle, requires continuous momentum to maintain balance.

😊 We’re so glad you’re here!

Welcome to your go-to solution for stress-free financial management!

We specialize in helping business owners achieve financial clarity, accuracy, and peace of mind through our expert bookkeeping services.

We'd love to work with you and help your business thrive! Contact us today to learn more!

https://calendly.com/yameconsulting/15min

Although taxes may not be the sole item leading to your decision of who to vote for in the Fall election, it is one of many factors to consider.

Battle of the Tax Plans Although taxes may not be the sole item leading to your decision of who to vote for in the Fall elections, it is one of many factors to consider.

Itemize and deduct state and local taxes (SALT) up to $10,000, including property, income, or sales taxes. We're here to maximize your tax savings!

Struggling to keep your financial records in order? Our expert bookkeeping services ensure your finances are managed accurately and efficiently, giving you more time to focus on growing your business.

Ready to take your business to the next level? Contact us today to get started!
https://calendly.com/yameconsulting/15min

Success doesn’t come from what you do occasionally, it comes from what you do consistently. Stay committed to your goals in all areas of life!

Are you struggling to keep your books in order?

Let us take the stress out of bookkeeping so you can focus on what you do best – growing your business!

Our services include:
- QuickBooks Online setup and optimization
- Weekly transaction entry and management
- Account reconciliation
- Financial report preparation
- and so much more!

Visit our website to learn more and get started today! www.yameconsulting.com

Home-based businesses can deduct a portion of expenses like rent, utilities, and insurance with the home office deduction. We will make sure you meet IRS criteria for eligibility!

How are you making the most of summer?

Drop your go-to summer GIFs in the comments.

Understanding Section 911's Foreign Earned Income Exclusion, housing allowance, and residency criteria is crucial for U.S. citizens working abroad.

How Working Abroad Can Slash Your Tax Bill Understanding the intricacies of the Section 911 Foreign Earned Income Exclusion, along with the housing allowance, physical presence test, and bona fide reside

The British-imposed salt tax in colonial India sparked Mahatma Gandhi's Salt March in 1930, a powerful symbol of nonviolent protest for Indian independence.

Hello, August! ✨

As we step into a new month, it's the perfect time to reflect on our progress and set new goals.

Here are a couple of tips to make August a highly productive month for your business:

1. Define specific, measurable, achievable, relevant, and time-bound (SMART) goals for the month. Clear objectives help maintain focus and track progress effectively.

2. Use a prioritization technique like the Eisenhower Matrix to distinguish between urgent, important, and less critical tasks. Focus on high-impact activities that align with your goals.

Let's make August a month of growth and success!

What are your goals for this month? Share with us in the comments!

Stay optimistic and believe in your journey!

Here are the August 2024 Individual Due Dates

August 2024 Individual Due Dates The August 2024 Individual Due Dates

Understanding the intricacies of self-employment tax is vital for anyone earning income outside of traditional employment. While the responsibility to pay rests on many self-employed individuals, exemptions and special cases exist. Properly navigating these obligations ensures compliance with tax laws and contributes to the financial health of both individuals and their businesses.

Understanding Self-Employment Tax Understanding the intricacies of self-employment tax is vital for anyone earning income outside of traditional employment.

As a business owner, you’re always looking for ways to grow and attract new customers.

Which strategy do you think is more effective?

Launching a new product can create buzz and attract new customers, especially if it's tailored for the summer.

On the other hand, improving existing offerings can strengthen your current market position and enhance customer satisfaction.

Both strategies have their unique benefits.

Which approach aligns better with your business goals this summer?

Contributions to a traditional IRA could be deductible based on your income and employer plan. Contact us to start planning today with tax-advantaged accounts!

Here are the August 2024 Business Due Dates

August 2024 Business Due Dates

If you're starting a business, choosing the right business entity is one of your most critical decisions. Contact us for assistance.

Establishing a New Business–What Are Business Entities?

What’s on your summer bucket list for your business?

Share your answers in the comments!

Taking control of your finances is a journey, not a destination. Celebrate your progress and keep moving forward every day!

As a certified QuickBooks ProAdvisor, I specialize in helping small businesses streamline their bookkeeping and financial management.

Whether you're just starting out or looking to optimize your existing processes, I'm here to make your life easier and your business more efficient.

Let's take your bookkeeping to the next level! Contact me today to schedule a consultation.
https://calendly.com/yameconsulting/15min

Boost your business with tech! Consultants and coaches can deduct expenses for virtual tools that streamline operations and enhance client interactions.

Want to know the best Amazon office must-haves that you didn’t know you needed? Here they are!

What are your office must-haves?

Share your favorites in the comments! 🌟

Pamper your pets and save on taxes! In some countries, pet owners can claim deductions for expenses like grooming, walking, and feeding.