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:

In today’s increasingly digital world, motivating a remote workforce has become more critical—and more challenging—than ever. With team members scattered across different locations, it can be difficult to maintain the same level of connection and engagement that an in-office environment provides. However, motivating remote employees is not impossible. Here are some effective strategies to keep your remote employees motivated and engaged.

Planning for retirement is a critical step for self-employed individuals and small business owners who want to secure their financial future. In this article, we’ll explore the Solo 401(k), SEP IRA, and SIMPLE IRA to help you decide which plan might best suit your retirement goals.

In real estate, growth isn’t just about adding properties or projects—it’s about making better decisions that drive real results. Here are some strategies to help you make better decisions that lead to better results across all types of real estate.

At BEC, we understand that effective marketing is not just a component of business strategy—it's the driving force behind a lot of growth and success. Read more to learn about our strategies.

As we enter the final quarter of 2024, the real estate market is grappling with unique challenges. Whether you're managing residential or commercial properties, it's crucial to understand the financial landscape and how to position your business for success.

Having a good operations manager can be the difference between success and stagnation. Let's dive into why having a top-notch operations manager on your team is essential.

Accrual accounting and cash accounting both matter because they provide different perspectives on a company's financial health and performance. Each method has its own strengths and is suitable for different situations. Read more to learn why.

You work hard for every penny – but do you know where it all is?  Here are just a few things to keep an eye on...

Real estate tax credits offer substantial financial benefits and incentives for property owners and developers, promoting both historic preservation and the expansion of affordable housing. Here’s a simple guide on how to apply for and take advantage of these valuable credits.

Owning a yacht is a symbol of luxury and success, but did you know it can also offer substantial tax benefits? This guide aims to provide you with the essential knowledge required to maximize tax deductions for your yacht, ensuring you can enjoy the perks of your investment while staying compliant with tax regulations.

Accurate and timely tax documentation helps your accountant prepare your tax return efficiently, identify potential deductions, and minimize the risk of errors or audits. Here’s a guide on the types of documents you need to provide and why it’s crucial to be organized.

Starting January 1, 2024, under the Corporate Transparency Act (CTA), millions of businesses must disclose beneficial ownership information to FinCEN, aiming to aid law enforcement in combating financial crimes like money laundering and terrorism financing. Learn more about it in this article.

Creating a vibrant virtual work culture isn't just a nice-to-have; it's essential for keeping our team and clients engaged and motivated. Here’s how we do it at BEC.

Healthy financial statements are not just for accountants; they are the linchpin upon which successful real estate professionals build their careers.