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What is the Short-term Rental Loophole

June 24, 2024 by

As enticing as the tax benefits and wealth creation opportunities may seem with short-term rentals, it’s crucial to approach the short-term rental loophole with caution and a well-thought-out strategy because the short-term rental market is not without its challenges.  Consider the following: Average Stays: If the duration of guest stays is under 7 days, you DO NOT need Real Estate Professional Tax Status to treat losses as nonpassive. Material Participation:… Read More

Filed Under: Uncategorized

A Leadership Qualities List To Help You Build Your Atlanta Company Team

June 19, 2024 by

In conversations with Atlanta business owner friends recently, it seems hiring has been a struggle bus (can you relate?).  There are qualified applicants showing up in their resume stacks. But, what’s more difficult to look for in that pile is the right combo of qualified and quality to fill out the position. For a lot of them, no one’s really standing out from the pack. Hiring ain’t easy. Picking someone… Read More

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Keys to Worker Efficiency for Atlanta Small Business Owners

June 11, 2024 by

An unfortunate thing about being a business owner sometimes is that you are at the crosshairs of the changing winds of the culture. And these past ten years, the very polarized political environment has put some pressures on businesses to align with different political leanings.  While some have capitalized on that and seen some gains (examples: Jeremy’s Razors and Ben & Jerry’s), backing certain ideals can put business owners like you in… Read More

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A Planned Experience for Your Atlanta Prospective Customers

June 6, 2024 by

How did Memorial Day affect your Atlanta business this year? Did you run any sales or promotions for members of the military? Join a parade to advertise your business? Holidays are an excellent opportunity to connect with the community and get visibility. And, if you missed doing that for Memorial Day, Independence Day is only a month or so away. Start thinking about some ways you can establish your business… Read More

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A Good Accountant for Your Atlanta Small Business Provides This

May 29, 2024 by

 This past weekend, Ed Dwight — age 90, became the oldest person to travel to space. Six decades ago, he was on a trajectory to become the first Black astronaut in space, but ultimately was passed over. The space excursion certainly cements the old adage “It’s never too late to pursue your dream.” Dwight’s once-in-a-lifetime experience has birthed new dreams — he wants to orbit the whole earth now. But Dwight’s… Read More

Filed Under: Uncategorized

Navigating the Short-Term Rental Loophole

May 28, 2024 by

As enticing as the tax benefits and wealth creation opportunities may seem with short-term rentals, it’s crucial to approach the short-term rental loophole with caution and a well-thought-out strategy because the short-term rental market is not without its challenges. Consider the following: Average Stays: If the duration of guest stays is under 7 days, you DO NOT need Real Estate Professional Tax Status to treat losses as nonpassive. Material Participation:… Read More

Filed Under: Uncategorized

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