All Forum Posts by: Matthew T Cuff

 Welcome Dwayne! Stafford is sure going through a lot of growth right now. I have some family in that area so I am somewhat familiar. 

Gulliver,

If you plan to hire this person as a W2 employee read Circular E - Employers Tax Guide published by the IRS. It tells you everything you need to know and will really help you understand the payroll process. Keep in mind your state will also have it's own reporting and withholding requirements. This is something you can learn yourself with a little effort and save some money by not hiring a payroll company. I would not pay for a payroll software either if you only have one employee. 

Let me know if you have any further questions,

Matthew Cuff, CPA

100% Deductible. I deduct it as an educational expense. 

Hello everyone! My name is Matthew Cuff and I am a CPA from the Richmond VA area. I started to listening to the podcast and have become really excited about the wealth building opportunities Real Estate provides. I always used to notice at the accounting firm I worked at that most of our richest clients built most of their wealth in Real Estate, but it never occurred to me to try to do that myself. Having probably listened to 200 BP podcasts and reading a couple books I am pretty inspired to try it myself.

My Goal in the next year is to continue to learn all I can about Investing in real estate and hopefully close on a deal by the end of 2018. If anyone has any questions relating to taxes or bookkeeping please send me a message and I would be happy to give you my best answer. 

Looking forward to hopefully building some connections and learning from everyone on here,

Thanks,

Matt

Hello everyone! My name is Matthew Cuff and I am a CPA from the Richmond VA area. I started to listening to the podcast and have become really excited about the wealth building opportunities Real Estate provides. I always used to notice at the accounting firm I worked at that most of our richest clients built most of their wealth in Real Estate, but it never occurred to me to try to do that myself. Having probably listened to 200 BP podcasts and reading a couple books I am pretty inspired to try it myself.

My Goal in the next year is to continue to learn all I can about Investing in real estate and hopefully close on a deal by the end of 2018. If anyone has any questions relating to taxes or bookkeeping please send me a message and I would be happy to give you my best answer. 

Looking forward to hopefully building some connections and learning from everyone on here,

Thanks,

Matt

Absolutely. All deductible based on the information you provided.