1. Tax Reform Increases Cost Segregation Benefits for Real Estate Investors

    Here at Camuso CPA PLLC, cost segregation is just one of the services that we provide at our firm. For those of you who are unfamiliar with the term, cost segregation is simply the act of identifying the assets of a business, their value, and then classifying those assets in regards to the federal tax code. It can be beneficial for many businesses and investors. While the full implications of the …Read More

  2. As Rental Rates Rise, Charlotte South End Office Development Surges

    South End is undergoing substantial office construction, showing very high demand compared to other Charlotte markets. Average office rental rates in Midtown and South End have jumped from $24.68 per square foot, to $33.38. A 35-percent increase in 5 years, according to JLL. South End is an area of interest due to the multi-family boom over the last ten years and the amenities that have come to th…Read More

  3. Investors from Singapore and Canada Keep Driving Money into U.S. Apartment Sector

    Foreign buyers of U.S. apartment buildings spent well over $10 billion per quarter in recent quarters, above the volume seen in late 2016 and early 2017. A global economic expansion has been underway long enough for many investors to begin to worry about a potential downturn. But foreign money continues to flow into U.S. apartment properties, since these buildings are considered one of the safest …Read More

  4. How to Establish A Company Structure for Real Estate Portfolios

    Any business decision you make, especially directly related to your finances and business structure, should be made with a defined cost, benefit and purpose. The focus should be on maximizing your time and money by focusing on how much money you are saving versus the time it took to save that money. One of the first decisions an investor makes when structuring a real estate portfolio is which enti…Read More

  5. Countries Cooperate To Form International Crypto Tax Force

    This article does not contain tax advice, investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision America, the U.K., Canada, Australia, and the Netherlands are cooperating to form an International Task Force called the Joint Chiefs of Global Tax Enforcement with the goal of sharing intelligence to track down…Read More

  6. Big 4 Report Finds That 2018 ICO Volume Double That of Last Year

    According to a joint report from consulting firm PriceWaterCooperHouse and the Swiss Crypto Valley Association, Initial Coin Offerings (ICOs) volume reached new record highs in the first half of 2018 despite the price collapse of cryptocurrencies. Between January and May 2018, ICO volume is already twice as much as it was during the entire year of 2017. Regulators and traditional financial institu…Read More

  7. CHARLOTTE IS BOOMING, NAMED ONE OF TOP 5 FASTEST GROWING HOUSING MARKETS

    Zillow has ranked Charlotte fourth in the top-10 list of hottest real estate markets. In the last 12 months 15,000 homes were sold in Mecklenburg County within the $500,000 range. The average time on the market was just under a month. Charlotte is listed as one of the fastest growing cities because we offer plenty of opportunity in the world of high finance and healthcare while at the same time pr…Read More

  8. AUSTRALIA’S TAX OFFICE UNVEILS 100-POINT CHECK SYSTEM TO IDENTIFY NON COMPLIANT CRYPTOINVESTORS

    The ATO is using a compulsory ‘100-point identification check system’ that will implement data-matching techniques to investigate cryptocurrency investors. The tax authority has also mandated all domestic cryptocurrency exchanges register with AUSTRAC, Australia’s financial intelligence agency and watchdog, before a deadline that passed on 14 May. Under terms of compliance, the exchanges wil…Read More

  9. AMAZON CHOOSES CHARLOTTE

    Amazon chose Charlotte as 1 of 6 locations across the country to prototype a new kind of state-of-the-art automated facility. The Charlotte City Council voted to sell the Amazon 100 acres of undeveloped land on the west side for $7.5 million and to give them $13.4 million in incentives for a $200 million distribution center that Amazon promises will bring at least 1,500 new jobs to the area. The n…Read More

  10. HOW TO REPORT TRANSACTIONS TO THE IRS IF YOUR BUSINESS ACCEPTS CRYPTOCURRENCY AS PAYMENT METHOD

    With an exponential gain in value and thousands of businesses now accepting it as a form of payment, Bitcoin has quickly become one of the trending topics throughout the country. While there are various types of cryptocurrency out there, Bitcoin is currently the most popular form of digital currency (also known as virtual or cryptocurrency) throughout the world and is able to be exchanged for U.S …Read More