Leveraged asset purchases—using financing to acquire business equipment, vehicles, technology, or even real estate—can be a cornerstone strategy for entrepreneurs and investors. With proper structuring, these investments may be written off in the year of purchase, lowering taxable income and increasing liquidity. The result? More cash available to reinvest, accelerate growth, and build wealth.

Over the past 8 weeks, we’ve shared strategies that can create meaningful tax savings by turning everyday expenses into deductions. With the right structure, you can reduce your tax bill using dollars you’re already spending. These aren’t complicated maneuvers—just proven, practical steps that can make a real difference for your family and business.

If you operate a business in a state that levies income tax, you have to pay those taxes no matter what. The Pass-Through Entity (PTE) Election simply lets you do it in a way that can save you thousands of dollars in federal taxes.

In real estate investing—whether it’s buying income properties, flipping houses, or developing land—the difference between a highly profitable deal and a costly misstep often comes down to timing. The ability to move quickly on opportunities, pivot when necessary, and evaluate the success of recent actions is only possible when there is a constant and timely flow of financial information between a real estate client and their accountant.

When it comes to managing your finances, there’s one simple habit that can make a world of difference: getting your requested documents and forms in on time.

An ID.me account is increasingly essential for securely accessing IRS online services, allowing taxpayers to verify their identity, manage tax records, view balances, set up payments, and resolve issues quickly without the delays of mail or long phone wait times. By providing strong multi-factor authentication and identity verification, ID.me helps protect sensitive tax information from fraud and identity theft while offering a convenient, self-service gateway to critical IRS tools.

At BEC, we believe that excellent service goes beyond delivering accurate reports or timely tax filings. True excellence is about creating relationships that feel personal, supportive, and genuinely invested in each client’s success.

“The One Big, Beautiful Mess” Tax Case Study by Kaden Hackney

When executed properly, the formation of a Board of Advisors creates a legitimate business framework that supports deductions for meals, travel, lodging, and offsite meetings—as long as they serve a bona fide business purpose and are well documented. This strategy is especially valuable for owners of S Corporations and Partnerships, and it's one of the most overlooked ways to align tax compliance with strategic planning. Here’s a breakdown of how it works:

Over the coming weeks, we’ll share a series of Entrepreneurial Tax Strategies to help you get ready for Tax Planning Season. These insights are friendly reminders of strategies—each one has been carefully selected for its effectiveness for investors and business owners like you and we’re starting with a true game-changer.

In the construction industry choosing the right accounting method is more than an administrative decision—it’s a strategic imperative. Construction companies must account for long-term contracts, job costs, and progress billing. This makes the choice between cash accounting and accrual accounting especially important, particularly in how it impacts Work-in-Process (WIP) accounting.

In the fast-paced world of business, financial success is not only about smart strategy and sharp numbers—it’s also about structure. At BEC CFO, we’ve seen firsthand how the most successful businesses, regardless of size or industry, share one critical trait: strong, well-documented systems and processes.

In this article, we’ll break down the tax implications of two popular strategies using the same property scenario:

• A Fix-and-Flip, where the investor buys, renovates, and sells quickly for a profit.

• A Flip-to-Rent, where the investor buys, renovates, rents, and eventually sells — often leveraging tax-deferred growth, depreciation, and lower tax rates.

At BEC CFO, we specialize in helping real estate professionals like you streamline operations, stay compliant, and unlock serious financial benefits. Here's what you need to know about outsourcing both your accounting and tax functions — and why doing both under one roof might be the best move you make this year.

This article highlights the importance of collaboration in a fully remote work environment. It emphasizes how teamwork enhances productivity, improves problem-solving, strengthens company culture, and reduces miscommunication. The piece also provides best practices for effective remote collaboration, including clear communication, leveraging digital tools, fostering connections, and ensuring accountability.

In this article, we will break down what purchase value means, what book value represents and why the difference matters in real estate transactions.

Business expenses are necessary for running a business, while personal expenses cover everyday life costs. Mixing them can inflate expenses, reduce net profits, distort financial ratios, and lead to tax issues. Keeping them separate ensures accurate reporting, better decisions, and tax compliance. Read more to learn about this topic.

In the fast-paced world of real estate, numbers tell the story of your success. That’s why the monthly close isn’t just an accounting task - it’s a powerful tool that keeps your business running smoothly. Today, we’re diving into why the monthly close is essential and how it benefits your operations.

In recent years, cryptocurrency transactions have faced increased scrutiny from the IRS. If you’ve entered the world of cryptocurrency, understanding how to report your gains and losses is essential. Tax season can be overwhelming, but a clear approach to handling crypto trades can save you time and money. Here’s a step-by-step guide to help you accurately report your cryptocurrency activity.

Businesses are required to issue Form 1099-NEC or Form 1099-MISC to certain vendors under specific conditions. Here's a summary of the types of vendors that typically require a 1099: