Real Estate Professional Status (REPS) is a game-changer for property investors looking to maximize their tax benefits. At Bette Hochberger, CPA, CGMA, we've seen how this designation can significantly impact our clients' bottom lines.
REPS allows real estate professionals to deduct rental property losses against their other income, potentially leading to substantial tax savings. In this post, we'll break down what REPS is, who qualifies, and how it can transform your real estate investment strategy.
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Blog: https://bettehochberger.com/quickies/what-is-real-estate-professional-status-reps-8333/
Choosing the right tax filing status can significantly impact your tax liability and potential refund. At Bette Hochberger, CPA, CGMA, we understand the importance of making this decision wisely.Your tax filing status affects everything from your tax bracket to the deductions and credits you're eligible for. This guide will help you navigate the different options and select the most advantageous status for your situation.
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Blog: https://bettehochberger.com/quickies/understanding-tax-filing-status-which-one-should-you-choose-8249/
Hi everyone! I'm Bette Hochberger, CPA, CGMA. I know that understanding big tax deductions for businesses is essential for maximizing your company's financial health. Smart tax planning can significantly reduce your tax burden and boost your bottom line.
This guide will walk you through the most impactful deductions available to businesses, including some lesser-known write-offs you might be missing. I'll also share strategies to help you make the most of these deductions and optimize your tax position.
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Blog: https://bettehochberger.com/quickies/big-tax-deductions-for-businesses-8192/
In my latest #FinanceFriday, I had the pleasure of speaking with Joshua E. Chadajo, founder and CEO of JEC Philanthropy. With over 25 years in nonprofit leadership and a track record of raising more than $100 million in charitable donations, Joshua brings unmatched insight into the art and strategy of giving.In our conversation, we explored what truly motivates people to give, how to align charitable donations with personal values, and the importance of clear goals in philanthropy. Joshua shared his unique approach to helping individuals and families maximize the impact of their giving—whether that means supporting a cause close to the heart or creating a lasting legacy.Learn more: bettehochberger.com
Blog: https://bettehochberger.com/videos/financefriday-with-joshua-chadajo-ceo-of-jec-philanthropy/
In my latest #FinanceFriday, I’m joined by Brandon Campbell, Principal at Jackson Lewis P.C., for an essential discussion on labor law issues that directly impact small businesses. Brandon brings deep expertise in employment law, having presented for both the American Bar Association and the National Bar Association, and co-authored numerous articles on disability, leave, and health law.
Together, we break down the legal must-knows that too many entrepreneurs overlook. Whether you’re hiring your first employee or scaling your team, this episode covers the legal foundation you need to stay compliant and protect your business.
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Blog: https://bettehochberger.com/finance-friday/financefriday-with-brandon-campbell-principal-at-jackson-lewis-p-c-8216/
Tax preparation can be a complex process for small business owners. Many wonder if the fees associated with this essential task are tax-deductible.
At Bette Hochberger, CPA, CGMA, we often field questions about the deductibility of tax preparation expenses. This post will clarify the rules and provide valuable insights for small business owners looking to maximize their deductions.
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Blog: https://bettehochberger.com/quickies/are-tax-preparation-fees-deductible-what-small-business-owners-need-to-know-8015/
Hi everyone! I'm Bette Hochberger, CPA, CGMA. Choosing a Certified Public Accountant (CPA) isn't just about finding someone to file your taxes. A good CPA can be your year-round advisor, helping you make smart financial decisions, stay compliant, and grow your wealth or business. But not all CPAs offer the same services, and not every CPA is the right fit for every situation. So how do you know who’s right for you?
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Blog: https://bettehochberger.com/quickies/how-to-choose-the-right-cpa-for-you-8078/
Hi everyone! I'm Jose, the Controller here at Bette Hochberger, CPA, CGMA. As your business grows, so do your financial responsibilities—and it might be time to level up from a bookkeeper to a controller. But how do you know when that moment arrives?
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Blog: https://bettehochberger.com/videos/is-it-time-to-hire-a-controller/
Hey everyone! I'm Jose, the Controller here at Bette Hochberger, CPA, CGMA. When was the last time you looked at your financial statements? If you’re only glancing at your bank balance, you might be missing key red flags—or golden opportunities.
Financial statements are more than just paperwork for tax season. They’re tools that show you what’s really happening in your business. Ignoring them is like driving with your eyes closed—sooner or later, you’re going to crash.
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Blog: https://bettehochberger.com/videos/how-financial-statements-save-businesses/
As entrepreneurs, we’re great at talking ourselves out of things—even the ones that would help our business thrive. Investing in ourselves and our business often gets pushed aside for later, and we justify it with little lies that feel safe, but actually hold us back.
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Growing a business is an exciting yet challenging journey. It requires not only hard work and dedication but also a clear sense of direction. Many entrepreneurs dive into their ventures with enthusiasm but soon find themselves overwhelmed, stuck, or unsure of the next steps. Finding clarity in your path to business growth is the key to navigating these challenges effectively.
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Hey guys, I'm Jose, the Controller here at Bette Hochberger, CPA, CGMA. When businesses start growing, so do their financial needs. That’s when many realize it’s time to bring in more than just a bookkeeper—it’s time for a controller. But what exactly does a controller do, and how is that different from someone handling day-to-day bookkeeping?
Let’s break it down.
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Blog: https://bettehochberger.com/quickies/how-a-controller-helps-your-business-7981/
When it comes to running a business, hiring a bookkeeper might not seem like the most exciting investment—but it’s one of the most important. Many business owners try to save a few bucks by going with the cheapest option. And while that might feel like a win at first, it can end up costing a lot more in the long run. With bookkeeping, just like many things in business, you get what you pay for.
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Hey everyone! I'm Bette Hochberger, CPA, CGMA. If you're a business owner, you know that meals and entertainment expenses can add up quickly, especially when managing client relationships or hosting team events. The good news? You may be able to deduct some of these expenses on your taxes. However, the rules for deducting meals and entertainment expenses can be a little tricky, especially as tax laws evolve. In today's episode, I'll break down the 2025 guidelines to help you understand what’s deductible and what’s not.
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Blog: https://bettehochberger.com/tax-tip-tuesday/how-to-deduct-meals-and-entertainment-in-2025-7889/
Hi everyone! I'm Bette Hochberger, CPA, CGMA. When tax season rolls around (or you're dealing with year-round business finances), you might start wondering: Should I hire a CPA or just go with a tax preparer? Aren’t they basically the same thing?
Not exactly. While both can help with taxes, there are key differences between a CPA (Certified Public Accountant) and a tax preparer—and knowing which one is right for you can make a big difference in your results and peace of mind.
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Blog: https://bettehochberger.com/quickies/do-you-need-a-cpa-or-just-a-tax-preparer-7926/
Hi, I'm Bette Hochberger, CPA, CGMA. When the year comes to a close, it's the perfect time to reflect on your financial strategies, particularly when it comes to taxes. Many individuals and businesses can benefit from strategic planning to minimize their tax liability. One effective approach is to accelerate your expenses before the end of the year. In this episode, I'll go over how you can implement this strategy effectively.
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Blog: https://bettehochberger.com/quickies/last-minute-tax-strategies-for-you-7907/
Hi, I’m Bette Hochberger, CPA, CGMA, and on today’s quickie, I'll go over all you need to know about Fractional CFOs. If you’re a small business, you might want to consider hiring one, and I’m here to tell you why.
Learn more: www.bettehochberger.com
Blog: https://bettehochberger.com/quickies/fractional-cfo-benefits-5791/
Hey everyone, I'm Bette Hochberger, CPA, CGMA. Saving for retirement is one of the smartest financial moves you can make, but did you know it can also help reduce your taxable income today? If you’re wondering whether contributing to a 401(k) plan can lower the amount of income you’re taxed on, the short answer is yes, it absolutely can. For today's quickie, I'll go over how it works and why taking advantage of a 401(k) is a win-win for your retirement and your taxes.
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Blog: https://bettehochberger.com/quickies/does-a-401k-reduce-my-taxable-income-yes-heres-how-7876/
Hello everyone! I’m Yaylin, the Head of Operations at Bette’s firm. Today, I want to discuss a crucial topic for any business: streamlining processes. No matter the size of your organization, optimizing workflows can significantly save time, cut costs, and enhance productivity. Let’s explore some effective strategies and share examples that have proven successful for us!
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Blog: https://bettehochberger.com/videos/work-smarter-not-harder/
Hey everyone! I'm Bette Hochberger, CPA, CGMA. As we step into another tax year, it’s essential to stay informed about the latest updates from the IRS. Recently, the Internal Revenue Service reminded all of us about the importance of checking our tax withholding now to avoid any surprises when we file our tax returns next year. Whether you're an employee, an independent contractor, or a retiree, understanding your tax withholding is crucial for your financial well-being.
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Blog: https://bettehochberger.com/press/tax-withholding-tips-7869/