Futrli Forecasting and Reporting

taxation

Rocky Mountain Wealth Architects, A Preferred Tax Accounting Vendor For Lifestyle's Unlimited

A Preferred Tax Accounting Vendor For Lifestyle's Unlimited

Rocky Mountain Wealth Architects was recently made the preferred vendor the well known real estate investment club “Lifestyle’s Unlimited”.

We specialize in tax planning & tax preparation for real estate investors. Serving clients nationally, we help design the structural integrity of your business.

Services We Provide

  • Accounting & Bookkeeping: Know Your Current Cash Flow And Profitability.

    • We even have expertise in job cost accounting with construction firms.

  • Tax Planning & Preparation: Maximize Your Cash Flow By Proactively Minimizing Your Tax Liability With Advanced Tax Strategies While Ensuring Compliance.

    • I can show you strategies to which your tax accountants are unaware, including because I am a licensed investment adviser as well.

  • Strategic Finance Consulting: Scale Up Faster And More Profitability By Learning The Strategic Blueprint To Building A Successful Business.

    • We help clients better understand their operations and finances to focus on developing strategies in the most relevant areas of opportunity.

We are Rocky Mountain Wealth Architects, providing expert tax accounting support for real estate investors.


When the Second Office in the Home Is a Principal Place of Business

When possible, you want to claim that your office in your home qualifies as a principal place of business because this classification

  • gives you the home-office deduction, and

  • eliminates commuting from your home to your regular office.

Current law gives you two ways to claim your office in the home as a principal office:

  • First, as a principal office under the rules that the Supreme Court finalized in Soliman

  • Second, as a principal office under the alternative after-Soliman rules, wherein lawmakers added this alternative: “... the term principal place of business includes a place of business which is used by the taxpayer for the administrative or management activities of any trade or business of the taxpayer if there is no other fixed location of such trade or business where the taxpayer conducts substantial administrative or management activities of such trade or business”

Question for you: If you have an office downtown where you spend 40 hours a week, can you claim that you have an office in your home that qualifies as a principal office if you spend only 12 hours a week working in the home office? If you said no, you are not alone. But you would also be wrong.

With the administrative or management rule, you can have your principal office in your home with 12 hours of work a week, even when you work at your other office for 40 hours!

If you are ready to implement tactics like this in your business model, contact our team by clicking the button below.