1. Camuso CPA Take A Different Approach to Client Service

    The CPA firm landscape is rapidly evolving; firms like Camuso CPA serve as a model for how CPA firms can successfully respond to industry change and remain relevant. Camuso CPA focuses on delivering clients relevant and proactive insights for tax minimization, cash flow improvement, profit improvement and of course, overall compliance. As a response to the shift to CPA’s serving in an advisory r…Read More

  2. Commercial Real Estate Podcast: Real Estate Professional Status

    There are significant tax benefits for investors who can qualify with the IRS for real estate professional status. This is a powerful tax planning tool, especially for investors with multiple rental properties, which can create thousands of dollars in tax deductions. To qualify as a ‘Professional’ for tax purposes, a taxpayer, or their spouse, must meet a two-part test; the taxpayer must spend…Read More

  3. Hidden Benefit of Cost Segregation Studies

    Cost Segregation studies allow tax payers to capture accelerated depreciation deductions by reclassifying components of a building into accelerated recovery periods. Most commercial properties are depreciated over 39 or 27.5 years. Cost segregation studies are an approved method from the IRS that requires engineers and CPAs to reclassify portions of commercial properties to shorter depreciation li…Read More

  4. CRYPTOCURRENCY DIVESTMENT TAX PLANNING STRATEGY: CHARITABLE REMAINDER TRUSTS

    Here at Camuso CPA, we offer cryptocurrency tax planning and estate planning services in Charlotte to clients across the country. Cryptocurrencies are an exciting new currency medium that is fast gaining popularity. However, as a new monetary medium, there is a lot of grey area when it comes to taxes . The last thing any good investor wants is to be scrutinized by the IRS, and that is fast becomin…Read More

  5. Real Estate Professional Case Study

    There are significant tax benefits for investors who can qualify with the IRS for real estate professional status. Of course, these benefits do not come without trade-offs and a necessity for careful planning. To qualify as a Real Estate Professional for tax purposes, a taxpayer must meet a two-part test. To read more information regarding IRS investor classifications click here: http://bit.ly/Rea…Read More

  6. Drawbacks of Real Estate Professional Status

    There are significant tax benefits for investors who can qualify with the IRS for real estate professional status. Of course, these benefits do not come without trade-offs and a necessity for careful planning. To qualify as a Real Estate Professional for tax purposes, a taxpayer must meet a two-part test. To read more information regarding IRS investor classifications click here: http://bit.ly/Rea…Read More

  7. COSTLY Tax Myths Frequently Taught to Investors at Educational Seminars

    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. Some solutions seem advantageous, and are hyped up and do not lead to the savings or benefits promi…Read More

  8. 5 Biggest Benefits of Streamlined Accounting System For Small Businesses and Investors

    Maintaining records allows you to gain perspective on your company and provides a basis for business decision making. The level of documentation and systems that you invest time and money into utilizing will depend on your level of business development and financial sophistication. ((http://bit.ly/CamusoCPAAcctI) Business owners and investors in earlier stages of business often do not keep records…Read More

  9. Streamline Your Accounting System – A CPA’s Perspective Part II

    In the last article on upgrading your accounting system (http://bit.ly/CamusoCPAAcctI), we discussed developing basic recordkeeping systems for beginning investors and small business owners. As your finances become increasingly complex your focus will shift towards accounting automation, outsourcing accounting and hiring an in-house CFOs. Automated accounting systems such as Quickbooks or Xero wil…Read More

  10. New to Real Estate Investing? Read This Before Investing In Education or Gurus!

    Camuso CPA offers an alternative to overpriced, real estate gurus, who charge a high fees, often not even providing advantageous financial or business advice. We see a lot of investors who have invested time and money into courses and coaches who often do not give them the level of personal guidance they require and many times provide them with misinformation that leads to costly decisions regardi…Read More