Bette Hochberger, CPA, CGMA

Hi! I’m Bette Hochberger, CPA, CGMA. Going over the details of real estate transactions can be a tricky task, particularly when it comes to taxes. Whether you're an expert investor or a first-time homebuyer, understanding and avoiding common tax pitfalls can save you a significant amount of money and stress.  Here’s a quick guide to help you steer clear of frequent tax mistakes in real estate! Lea...

Hi, I’m Bette Hochberger, CPA, CGMA. In the hustle and bustle of running a business, keeping track of finances can often fall by the wayside. As an entrepreneur or small business owner, you may find yourself juggling multiple tasks, from managing operations to marketing your products or services. However, neglecting your bookkeeping responsibilities can have serious consequences for your business&...

Hey everyone! I’m Bette Hochberger, CPA, CGMA.Welcome to my comprehensive guide on rental income and taxes! Whether you're an expert real estate investor or just dipping your toes into the rental property market, understanding the complexities of tax deductions can significantly impact your bottom line.  Learn more: bettehochberger.com Blog: https://bettehochberger.com/quickies/maximizing-rent...

Hi! I’m Bette Hochberger, CPA, CGMA. Welcome to our exploration of the Florida phenomenon—a trend that's capturing the attention of high-income earners across the nation. From sandy beaches to vibrant cities, Florida's allure extends beyond its charming landscapes. In this episode, I’ll discuss the tax implications, lifestyle factors, and economic opportunities drawing wealthy individuals...

Hey everyone! I’m Bette Hochberger, CPA, CGMA. Navigating the complexities of reasonable compensation is essential for business owners, shareholders, and executives alike.  In this episode, we'll get into what reasonable compensation entails, why it's important, and how businesses can conduct a study to ensure compliance and fair payment practices. Learn more: bettehochberger.com Blog: htt...

https://youtu.be/OSrT_Ffwgo4?si=GXv_aWoPThaMz74n Hey everyone, I’m Bette Hochberger, CPA, CGMA. Welcome to our beginner's guide to capital gains! If you're new to investing or just starting to dip your toes into the world of finance, understanding capital gains is essential. Don't worry if terms like "capital gains tax" or "cost basis" sound like a foreign language...

Hey everyone, I’m Bette Hochberger, CPA, CGMA. In the ever-evolving landscape of real estate investment, strategies like Airbnb rental arbitrage have gained significant traction. So today, let’s review what that is and how it works. Learn more: bettehochberger.com Blog: https://bettehochberger.com/quickies/investors-guide-to-airbnb-arbitrage-6687/

Hi! I’m Bette Hochberger, CPA, CGMA. Moved to Florida? Well, congratulations on your move to the Sunshine State! Whether you've relocated for the beautiful beaches, vibrant culture, or favorable tax climate, settling into your new life in Florida can be an exciting adventure.  However, transitioning to a new state involves more than just unpacking boxes. In today’s episode, I’ll provide you wi...

Hi, I’m Bette Hochberger, CPA, CGMA. Filing taxes is a significant annual event for most individuals and businesses. Once you've filed your taxes, you might wonder what happens next. The Internal Revenue Service (IRS) plays a crucial role in processing tax returns, ensuring compliance with tax laws, and issuing refunds or collecting taxes owed. In this episode, I’m going to discuss the journey...

Hi, I’m Bette Hochberger, CPA, CGMA. As cryptocurrency continues to gain traction as a viable investment asset, it's important for long-term investors to understand the tax implications of their holdings. In today’s episode, I’ll discuss effective tax strategies for long-term crypto investors, including tips on when and how to realize gains or losses to optimize tax outcomes and minimize liabiliti...

Hi everyone, I’m Bette Hochberger, CPA, CGMA. For today’s #TaxTipTuesday, I want to discuss year-end tax planning.  As the calendar inches closer to December 31st, taxpayers have a valuable opportunity to take control of their financial destiny by engaging in effective year-end tax planning. Learn more: bettehochberger.com Blog: https://bettehochberger.com/tax-tip-tuesday/year-end-tax-planning-for...

Hi, I'm Bette Hochberger, CPA, CGMA, and I will talk a little about how we get into tax planning. Honestly, the best way to start is to keep good records. That may sound like you're not really doing anything, but you are. Because if you think about it, many times, people ask me, "Oh, how do I lower my taxes?" Well, are you taking all the expenses you can take and that you have spent money on? So a...

Hi, I’m Bette Hochberger, CPA, CGMA. On today’s Tax Tip Tuesday, I will discuss how and why to file taxes for a previous year. Filing and paying taxes may not be thrilling, but ignoring them leads to costly IRS penalties and interest. So, if you want to learn more about this topic, keep listening! Learn more: bettehochberger.com Blog: https://bettehochberger.com/tax-tip-tuesday/filing-a-previous-y...

Hi, I’m Bette Hochberger, CPA, CGMA. Today, I will discuss cost segregation in real estate. Cost segregation is important because it can provide significant tax benefits and improve cash flow for commercial or investment real estate owners. I’m here to teach and tell you more about it, so let’s dive in. Learn more: bettehochberger.com Blog: https://bettehochberger.com/quickies/cost-segregation-in-...

Tax season is here, so it's important to stay vigilant against scams targeting taxpayers. One of the most concerning schemes reported by the IRS involves false W-2s, which can lead to serious repercussions for those who unknowingly participate. In this blog, we’ll discuss two common types of false W-2 scams and how to protect yourself. Learn more: bettehochberger.com

Hi, I’m Bette Hochberger, CPA, CGMA, and on today's Finance Friday, we have Vishal Mahtani , a Digital Marketer and serial entrepreneur. Vishal has been in the digital marketing industry for over 20 years and has worked on all aspects within it. Mahtani has been a publisher, advertiser, and digital marketing network and has played these roles more than once. He also has valuable expertise in maxim...

Hi Everyone - this was quite an exciting weekend in the world of Crypto-friendly Finance and Accounting. We spent the weekend watching the Silicon Valley Bank collapse and FDIC intervention. The end of SVB will change venture financing in the near future.   TL;DR; Silicon Valley Bank - the main banking institution of Venture Capitalists and Venture Capital backed startups, collapsed in the se...

Hi, I'm Bette Hochberger, CPA, CJMA, and today I will talk about how not to screw up your relocation to Florida. There have been a lot of people moving here in the last couple of years, and there are so many reasons to live here! It's such a great place, but especially during the pandemic, there's been a big influx of people. I talk to people all the time about why they're moving, what they need t...

Hi everybody. I'm Bette Hochberger, CPA, CGMA. Today I’m going to talk about extensions. We have the saying, "An extension of time to file is not an extension of time to pay." This makes perfect sense to accountants and probably sounds like a bunch of gibberish to everybody else. During tax season, many people will say, "Oh, I'm not ready." Maybe they're not emotionally ready to handle dealing wit...

Hey everyone, I’m Bette Hochberger, CPA, CGMA. Today, I will talk about the differences between e-filing (filing electronically) and paper filing and go into some of the advantages and disadvantages of each one. Let’s jump in! What is E-Filing? Electronically filing, or e-filing is the process of submitting your tax return to the IRS over the internet. Advantages Faster process . The IRS typically...

Hi, I’m Bette Hochberger, CPA, CGMA. The 2023 tax season has officially begun, so I will discuss the deadlines to file your 2022 taxes today. As we are already heading into March, by now, you should have all of your W-2 and/or 1099 forms from your employers and are ready to file.  For individuals, the last day to file your 2022 taxes without an extension is April 18th, 2023 (unless it is exte...

Hi, I'm Bette Hochberger, CPA, CGMA, and I will discuss the news we've all been raving about today! So, it looks like the IRS announced that there would be a delay in implementing the $600 reporting threshold for third-party payment platforms' Form 1099-K. I'm sure you're wondering, "What is a 1099-k form, and what are third-party payment platforms?"   Third-party payment platforms include: &...

Hi, I'm Bette Hochberger, CPA, CGMA, and today I want to discuss some recent statistics regarding venture capital.  What is Venture Capital?  According to Investopedia, "Venture capital (VC) is a form of private equity and a type of financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential. Venture capital general...

Hi, I'm Bette Hochberger, CPA, CGMA. Today I will explain Form 1098-T and what that means for college students. Let’s go ahead and jump in!  What is Form 1098-T?  Your college or career school may be sending you (or already has sent you) a 1098-T form. Please don’t worry, because it may be a good thing. Form 1098-T is a Tuition Statement to report qualified tuition and related educationa...

2023 E-Filing Taxes with the IRS