Today’s real estate market is full of challenges but also offers many rewarding financial opportunities. The sound guidance of Titanium Taxes & Business Consulting specializing in real estate accounting, is critical to minimize your risks. David Neugart develops innovative tax strategies and offers practical solutions to help manage your finances effectively.
Real estate businesses that survive and thrive have discovered that partnering with a tax professional who really understands their industry is crucial to their success. David is unique among tax professionals because he has solid experience in every aspect of accounting, tax planning, and business consulting for your industry.
Even babies born on the last day of the year provide their parents with a nice tax bonus! While that exemption is available to all taxpayers, you may need to choose one of two tax breaks if you plan on working and paying for child care. David can advise you on the important tax decisions related to family planning. He can help determine the best way to maximize your flexible spending account for dependent care if offered by your employer. Setting aside the right amount to pay for day care or a nanny is key to reaping the appropriate tax benefits. He can explain the new changes to the child care credit and how that affects your family’s tax liability. David can also review your current withholding to help you avoid withholding too much income from your paycheck for taxes,
Buying a home is when you begin building equity in an investment instead of paying rent. There are tax benefits to help ease the pain of high mortgage payments. The tax deductions now available to you as a homeowner will reduce your tax bill substantially.
For most people, the biggest tax break from owning a home comes from deducting mortgage interest. Additionally, many of the costs involved in purchasing a home can be deducted in your taxes. David will help review your file to determine exactly how much interest and costs you can deduct from acquiring or improving your home.