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SME CPA BLOG

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Fair Value vs. Book Value: Understanding the Key Differences

June 16, 2025

When you’re working on a financial strategy, understanding fair value vs. book value is key to making smart decisions. These two terms might seem alike, but they describe different ways to look at your assets, liabilities, and overall financial health. Knowing when to use each can help any business, especially in industries like construction where…

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Why Partnering with a Real Estate CPA is Key for Success

June 5, 2025

Ask any real estate professional, and they’ll tell you the industry’s financial side can get overwhelming fast. Between tracking expenses, keeping up with taxes, and understanding depreciation, it’s easy to feel like you’re in over your head. But the good news is you don’t have to figure it all out on your own. Working with…

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Is Passive Income Taxable? Passive Income Taxes Explained

June 5, 2025

Passive income is a popular goal for those looking to grow their finances with less hands-on involvement. Passive income from rentals, investments, or other sources can be a fantastic way to earn extra money without the daily effort. But when it comes to taxes, passive income can raise a lot of questions. Is passive income…

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