Tax accountants...I need suggestions.

[pawcio]

Originally Posted by MrRWD

numbered company is great, but harder to get a mortgage. It's most likely commercial mortgage then.

.. liability wise... a numbered company is great..

once you have three houses... it's a true business.. worth INC yourself.

I think the third house and every house after that should be incorporated individually.

[MrRWD]

Originally Posted by pawcio

I think the third house and every house after that should be incorporated individually.

I think you'd want to have all houses under the incorporated company, once you hit that 3+ homes...... makes filing taxes easier..

tax benefits.. write-offs etc... can have an employee (part time)... buy tools for the corp...

[pawcio]

Originally Posted by MrRWD

I think you'd want to have all houses under the incorporated company, once you hit that 3+ homes...... makes filing taxes easier..

tax benefits.. write-offs etc... can have an employee (part time)... buy tools for the corp...

might make filling taxes easier but if it gets too complicated hire an accountant.

[daytona]

We are planning to hire accountant,let him handle the details of the yearly paperwork.Can car expenses and everyday expenses like gas,telephone,etc,etc be written off if we create a number company,can we set up a office in our home and write those off also?...