
Big Ideas and Powerful Insights
Unlocking Success: The Critical Role of Marketing in Business Growth
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.
Navigating Current Financial Challenges in Real Estate: Key Considerations for 2024
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.
The Importance of a Good Operations Manager for Your Team
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 vs. Cash Accounting - Both Matter.
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.
Found Money
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...
Understanding Real Estate Tax Credits: Historic and Low-Income Property Benefits
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.
Navigating Yacht Tax Deductions: A Comprehensive Guide for Business Owners
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.
The Importance of Providing Accurate Tax Documents to Your Accountant in a Timely Manner
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.
Corporate Transparency Act
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.
Building an Amazing Virtual Work Culture
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.
The Importance of Healthy Financial Statements
Healthy financial statements are not just for accountants; they are the linchpin upon which successful real estate professionals build their careers.
10 Minutes with Marcus: A Rebuttal to the Chatter
In September’s edition of 10’ish Minutes, Marcus gives a rebuttal to some of the Facebook chatter.
Why Your Property Manager Should NOT Be Your Accountant
Property management companies serve a much-needed function for rental property owners but, generally speaking, they are not accountants.
A Lesson in Culture & Leadership
“A poor leader will tell you how many people work for them. A great leader will tell you how many people they work for.”
10 Minutes with Marcus: The Secret Sauce to Your Profitability
In August’s edition of 10’ish Minutes, Marcus keys us in on his “special sauce” for profitability.
Gatekeeper/EA: Why YOU Need One
If you can find that special EA/Gatekeeper who “gets it” you are setting yourself up for success in every way.
Secrets of the Wealthy Real Estate Investor
Successful people build teams around themselves that can help them accomplish their goals. America was not built by one man, and neither is your American dream.
10 Minutes with Marcus: Cash is the Oxygen to Your Business
In July’s edition of 10’ish Minutes, Marcus tells us that cash is the oxygen to your business.
W-9s - Why you Shouldn't be Cutting Corners on this Critical Form
A W-9 form is a document issued by the United States Internal Revenue Service (IRS) for certain tax purposes.
Short-Term Rental Insights from an Accountant
Short-term rentals can be a lucrative business venture, but there are some key points to consider before investing in this strategy