Revalyst, LLC

The real horror story? Facing tax season without proper bookkeeping! 📚👻 Make sure those financials don’t come back to haunt you. 🧟♂️ #taxseason #bookkeeping #realestateaccounting #taxpreparation #realestateinvesting

The IRS has provided an important update to its FAQs on the Premium Tax Credit! Check out the latest info on any changes that could impact your tax filings for 2024, if you purchased health insurance through the Health Insurance Marketplace. Read below ⬇️

You wouldn’t buy a property without inspecting its foundation, right? 🏡 So why ignore the financial foundation of your real estate business? As real estate investors, you analyze every deal - structural issues, potential returns, and more. But what about your books? Missing rehab receipts, untracked mileage, and overlooked deductions are profits slipping away unnoticed. 💸 In real estate, it’s not just about what you earn - it’s about what you keep. Are you confident about your financial foundation? #realestateinvesting #taxdeductions #realestatebookkeeping #propertymanagement

If you’re missing depreciation schedules with your tax returns, you’re risking costly errors down the line. 💸 These schedules are the detail & breakdown of the summary totals reported on Form 4562. This detail is NOT reported to the IRS, which means you can't get it from a transcript. Sometimes, tax professionals omit the detailed depreciation schedules from your final tax return package. While it may seem like a small oversight, it can have significant consequences — particularly when you switch service providers. Without them, you risk losing continuity in your tax records, which can lead to inaccuracies down the road. These inaccuracies could cause you to miss out on substantial deductions you’re entitled to claim. And if you undergo an audit without them? You could be required to pay additional taxes, penalties & interest if you can't back up your calculations. Review your returns, ask your tax professional, and make sure you’re covered. Don’t let a simple oversight cost you thousands. 👉 Want more tips like this? Comment 'TAX' to get invited to our exclusive Facebook group: Accounting for Investors and Developers #taxplanning #realestateinvesting #realestateaccounting

When we say we care for our clients, this is what we mean 👇⁠ ⁠ As an accountant who has worked with real estate professionals for over a decade, I've seen my fair share of frustrated clients.⁠ ⁠ ➡️ Their accountant leaving them in radio silence, resulting in uncertain financials and lack of organization⁠ ➡️ Missing out on key tax deductions⁠ ➡️ Struggling to make data-driven decisions, and constant worry about compliance and audits⁠ ⁠ At Revalyst, we understand the issues that truly keep you, as a real estate investor, up at night. That's why we built a different kind of accounting experience designed specifically for investors like you.⁠ ⁠ Through our dedicated client portal, our clients can:⁠ 🔖 Share documents and financial information securely, 24/7, knowing their sensitive data is protected⁠ 💬 Communicate and hear back in hours instead of days, weeks or even months.⁠ 📋 Stay on track with personalized task lists tailored to their investment goals⁠ ⁠ It doesn't end there...⁠ ⁠ Our automatic reminders ensure they never miss important deadlines for tax filings, compliance, or financial reviews. ⁠ ⁠ This approach not only makes it easier for us to help our clients but also easier for our clients to get help. Talk about a win-win!⁠ ⁠ So, the moral?⁠ ⁠ Happy clients, happy life! It's all about making everyone's life easier.⁠ ⁠ What's your biggest financial headache as an investor? Let us know in the comments.⁠ #realestateinvesting #realestateaccounting #propertymanagement #bookkeeping #taxstrategy #clientservice #realestatesuccess

Focus on the process, and the results will take care of themselves. The daily grind, the challenges, and the small wins along the way are what shape long-term success. Focus on refining your systems, learning from setbacks, and staying consistent. Remember, having the right partners in your corner can make the journey smoother. Embrace the path, and keep going, even when the going gets tough! 💪 #realestate #successmindset #businessjourney #entrepreneur #goalsetting

Listen, real estate investors: If it takes you several hours every month to handle your bookkeeping, then it's time you consider outsourcing. 🤔 By outsourcing to professionals, you'll get accurate, up-to-date reports and ensure that every expense is tracked efficiently. Hand it over to experts and focus on scaling your real estate business. 🤝 #realestateinvesting #realestatebookkeeping #financialgrowth

Always keep an eye on those rental rates! 📈 ⁠ ⁠ Staying in tune with the market means checking and adjusting your rates regularly to keep you ahead of the curve. Don't let your rates fall behind and miss out on potential earnings! ⁠ ⁠ How often do you give your rates a little tweak to make sure you're staying competitive?⁠ ⁠ #realestateinvestor #realestateprofessional #propertymanager #propertymanagement #realestatefinance #realestateaccounting #realestatebookkeeping

Don’t stay in the dark about your finances! Bookkeeping is more than just a nice-to-have—it's a must for your business.⁠ ⁠ Proper bookkeeping gives you a CLEAR and ACCURATE picture of your business' health.⁠ ⁠ So, how do you manage your bookkeeping?⁠ ⁠ #accountingservices #bookkeepingservices #accountingandfinance #financialaccounting #realestateinvestor #realestateprofessional #propertymanagement #realestatebusiness #realestatefinance #realestateinvesting101 #realestateaccounting #realestatebookkeeping #realestatecashflow

Don't let poor recordkeeping eat into your real estate profits! Key records every investor needs: ✅ Income ~ rent, cleaning fees, assignment fees, contract work ✅ Expenses ~ repairs, utilities, software, real estate taxes ✅ Asset info ~ vehicles, buildings, large improvements ✅ Loan papers ~Lines of Credit, HELOCs, Mortgages ✅ Tax returns ~ 7 years recommended! 𝐆𝐨𝐨𝐝 𝐫𝐞𝐜𝐨𝐫𝐝𝐬 = 𝐬𝐦𝐚𝐫𝐭𝐞𝐫 𝐜𝐡𝐨𝐢𝐜𝐞𝐬 & 𝐥𝐞𝐬𝐬 𝐬𝐭𝐫𝐞𝐬𝐬 𝐚𝐭 𝐭𝐚𝐱 𝐭𝐢𝐦𝐞! What's your top trick for handling property paperwork? #realestateinvesting #propertymanagement #realestateprofits #recordkeeping #taxseason #realestatetips #realestateinvestors #propertyinvesting #financialfreedom #propertytaxes #realestateaccounting #investmentproperty