End of the Year Bookkeeping and Tax Prep with Maya Weinreb

In this episode, we are going to talk about End of Year Bookkeeping and Tax Prep. We sit down with Maya Weinreb, founder of Solvency Now Bookkeeping, to discuss the most important thing you can do RIGHT NOW to get your books ready for tax season and common bookkeeping issues people make in real estate investing. Because if you are anything like me, you would rather keep what you worked for rather than give it away to the tax machine in D.C. 

 

5:08 - Advice for 2023 Taxes

10:39 - Why your bookkeeper and CPA should meet together

17:58 - Making sure your business structure is correct for taxes

20:46 - Budget vs. Financial Planning 

25:37 - How to get in front of your tax problems

31:00 - Tax Loopholes and offset

33:40 - 1099 Taxes

“If you don't have bookkeeping, one, I don't know how you manage your company [but some people do], but two, there's nothing else that you can do without having that.”

About Robnett’s Real Estate Run Down

With over 27 years in the real estate industry, Shannon shares actionable advice on wholesaling, fix and flips, single-family, multi-family, and more. Hear real people talk about all facets of the market, including analysis, challenges, management, and investment successes. Every conversation provides the foundation for a thriving career.

Guest Bio: Maya Weinreb

Maya started Solvency Now Bookkeeping 5 years ago with the mission to provide perfect and complete financial records which results in the business owner’s peace of mind. They do full-service bookkeeping, meaning AP, AR, payroll, payroll taxes, sales tax, 1099’s, tracking financial transactions, and anything a business owner needs to handle their company finances. They also partner with CPAs and tax preparers so that their clients are covered in those areas.

 

Website - https://solvencynow.com 

FB - https://www.facebook.com/solvencynow 

Insta - https://www.instagram.com/solvencynow_bookkeeping 

YouTube - https://www.youtube.com/channel/UCrddILpwqG96-BECYqIQ0-g 

Company LinkedIn - https://www.linkedin.com/company/solvency-now-bookkeeping