What happens when you sell investment property? What happens if it’s a loss? How is a gain calculated? What other things do you need to keep in mind when selling these assets? Answers inside.
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What Makes Pixel Great
Nichole and I are very proud of what we have built, and continue to build, here at Pixel. These are some of the things we think make us great!
Capital Gains Exclusion
You are entitled to an exclusion on any profit you make on your primary residence when you sell it. Find out how it works.
Section 41 R&D Tax Credit
The Section 41 R&D Tax Credit is one of the most misused tax credits out there. Check out this video to discover what you should be looking out for if someone tells you that you qualify for this tax credit.
Do You Have Employees Or Subcontractors?
Do you have subcontractors or employees? States have very strong opinions on this. Find out what I have learned in my experience in working with clients in Virginia.
Tips – Are They Reportable?
I have the same conversation several times during tax season each year: Are cash tips reportable, taxable income. This video answers that question.
How To Change Accountants
It's hard to switch accountants! When do you do it what? What needs to be done to transition? Hear what I have to say on the matter.
Depreciation & Amortization
Today's episode of #Accountantese takes a couple of big words and turns them into bite-sized nuggets of info. Learn the basics of Depreciation and Amortization with #PixelFG #CMA.
Reading A Balance Sheet
Reading a balance sheet can be fairly confusing if you aren't used to it, or well versed in accounting. This video breaks it down into manageable bites so you can follow along and figure out what you are looking at.
EBITDA…What the FAH?!?
This video is the love child of Pixel's commitment to educate our clients and our inability to take ourselves too seriously...We realize the average business owner doesn't speak #Accountantese, so this series is designed to help you become...
Reading a Profit and Loss report
In this video, we do a deep dive into the different parts of the Profit and Loss report.
Reporting Methods
We throw around those pesky terms "cash basis reports" or "accrual basis reports." This will help you understand what those mean.
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10 things to consider when choosing An Accountant
Looking for a new accountant (or your first accountant) can be scary; there is a lot to consider, and it can feel overwhelming. Have no fear, Pixel is here! We put together an easy, fairly comprehensive list of things you can look for while doing your research.
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