Prosperl CPA | Accounting Blog

 Description: Investing in oil and gas can build your wealth AND reduce your taxes! One of the most significant tax deductions is the intangible drilling cost deduction, which allows investors to use drilling and development costs to be deducted against your active income, including that in your business or W-2! This deduction can mean significant tax savings, especially in the early project years. Investing in oil and gas can… Read More

Memorial Day doesn’t always mean rest for the small business owner — depending on what kind of industry you’re in. There’s often a lot of hustle around national holidays (special promotions, big sales, holiday weekend shopping). And debt ceiling deals to make, apparently, since that’s what our government was working on over the weekend. Some notables in repealing nondefense spending: 2 year debt ceiling suspension Added work requirements for some… Read More

 Description: Long term financial planning is essential for helping individuals and families reach their financial goals, and can help one plan for retirement, save for college tuition, or have a safety net in case of an emergency. But how many of you actually do it? This is one of the many life skills they left out of the school curriculum! Join me and Joseph Clark, CFP as we discuss… Read More

Listen to me and Bernard Reisz of Resure Financial as we dive into a variety of tax and real estate investing topics. We discuss retirement accounts, capital gains planning, grouping elections, material participation, 1031 exchanges, capital gains planning and real estate syndications. Lots of great topics to geek out about! A little about Bernard: Bernard Reisz, CPA founded ReSure to deliver real estate tax and financial tools based on professional… Read More

Memorial Day is next week. The unofficial start of summer. I like to remember that when things are unpredictable and even a bit hairy (like a shifty economy, bank failures, debt ceiling crisis), normal life still goes on.  People will still prep their grills. They’ll whip up their mom’s potato salad recipe. Celebrations with friends and family in the backyard will still happen across the 50 states. It’s always good… Read More

Now, I know that I recently started talking about the new FinCEN reporting requirement and promised a part two… which I’ll absolutely get to in an upcoming blog. But this time I wanted to take the opportunity to speak about the banking “crisis” that has a lot of Atlanta business owners frantically deciding how (and if) they need to respond.  You and I can see that the US economy seems… Read More