In this episode of the 256 Investor Podcast, Brad Garland, CPA and partner with local firm Honeycomb CPAs & Advisors, and JD discuss all things accounting for investors. They tackle the core concepts and strategies all investors should consider, 1031 exchanges and the One Big Beautiful Bill. They break down the latest tax law changes, strategies for real estate investors, and the importance of building a strong professional network. From bonus depreciation and mileage tracking to the nuances of 1031 exchanges, Brad shares actionable insights every investor and business owner should know. Whether you’re a seasoned investor or just getting started, this conversation will help you plan smarter, save more, and avoid costly mistakes.
Topics Covered with Timestamps
[00:00:56] Guest introduction – Brad Garland, CPA & Honeycomb CPAs and Advisors
[00:02:17] The One Big Beautiful Bill Act (OBBBA/OB3) and what investors need to know
[00:05:06] Bonus depreciation, Section 179, and accelerated depreciation explained
[00:07:55] Passive activity limitations: Schedule C vs Schedule E considerations
[00:10:04] Vehicle interest deductions & business vs personal use
[00:11:16] Mileage tracking best practices & recommended apps
[00:14:07] Software solutions for receipts, bookkeeping, and expense management
[00:15:52] Personal finance apps & budgeting (YNAB, Quicken, Mint, Empower)
[00:18:41] Why people struggle balancing accounts & forgotten subscriptions
[00:22:12] CPA vs DIY tax software (TurboTax) — pitfalls & missed savings
[00:27:02] 1031 exchanges — timing, planning, and CPA vs attorney perspectives
[00:31:28] Business structures: LLCs, partnerships, corporations — what really saves taxes
[00:34:20] Importance of professional networks (BNI, CPAs, attorneys, insurance)
[00:37:35] How to connect with Brad Garland & Honeycomb CPAs
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