November/ December 2018
Real estate activities vs. investments: Why it matters
The characterization of a real estate entity’s activities as a business or an investment makes a big difference to the bottom line when it comes to taxation. In Conner v. Commissioner , a developer whose plans were derailed by the Great Recession recently learned this lesson the hard way. This article summarizes the legal case and the importance of holding property as either an investment or in the course of business.
Conner v. Comm’r, No. 2018-6 (Tax Ct. Jan. 22, 2018)

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Ready for the new lease accounting rules?
The Financial Accounting Standards Board’s new standard for accounting for leases is poised to take effect for public companies and certain other entities for periods beginning after December 15, 2018. Although early adoption is permitted, other organizations that follow U.S. Generally Accepted Accounting Principles must comply for annual periods beginning after December 15, 2019, and for interim periods beginning a year later. This article discusses how the standard will directly affect companies that lease assets, as well as its impact on lessors, too, particularly when negotiating leases with tenants.

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The homegrown advantage-
Consider a community bank for your next loan

Real estate developers and owners often overlook community banks as a source of financing. But these lenders offer some distinct advantages for borrowers who understand what “homegrown” banks consider when making lending decisions. This article highlights the advantages of using a community bank for real estate loans.

Investing 101 -
Tips for what to look for before buying

In any real estate portfolio, the goal is to be profitable. And while the commercial real estate market has improved significantly since the lows seen during the Great Recession, investing still involves understanding the market. This article takes a look at steps real estate investors can take to help bolster their investment portfolio .

Firm News: HMWC CPAs & Business Advisors - Toys for Tots drop off site
Starting November 26- December 14th HMWC CPAs & Business Advisors is hosting a Toys for Tots drive ; donation boxes are located in the lobby of HMWC's offices at 17501 E. 17th Street, Ste 100, Tusitn, CA 92780. We are collecting new unwrapped toys - $10 and up. d up. 
New HMWC website
HMWC is pleased to announce the launch of our new website! This leading-edge design incorporates user-friendly content through the site, vibrant photos, and intuitive navigation. You’ll find industry-specific sections, our latest news and resources , details on our services and partners , and more! Fresh content is added every week. Please check it out and let us know of your feedback.
HMWC CPAs & Business Advisors | (714) 505-9000 | (714) 505-9200 F | cpas@hmwccpa.com