15 Common 1099 Questions Answered
If you’re like most business owners, tax season doesn’t end after the initial deadlines pass. Now that we’re in April, many are wrapping up filings, double-checking compliance, and addressing any loose ends from earlier deadlines like January 31, when payroll tax...
How to Calculate and Set Up Quarterly Tax Payments Using Your P&L
As a business owner, your tax obligations aren’t just limited to tax season. Instead, you need to revisit your tax situation each quarter to make estimated tax payments. Knowing how much to pay the IRS can be confusing, especially as your income fluctuates throughout...
2025 Tax Planning Tips for Realtors Post-One Big Beautiful Bill
2025 was a big year for tax legislation changes, with the One Big Beautiful Bill (OBBB) being signed into law in July 2025. While many provisions of the 2017 Tax Cuts and Jobs Act were extended, there are a few new provisions that open the door to new planning...
Be Compliant with BOI Reporting by the Deadline in a Few Simple Steps!
If you have determined that you need to comply with the new BOI reporting obligation (ATTENTION all real estate agents with LLCs!), here is a short guide explaining how to do it in a few simple steps! It is FREE and QUICK to do online. For a refresher on the new BOI...
6 Tax-Planning Strategies to Implement Before Year-End
Are you ready for tax time? Did you know that most tax-planning strategies need to be implemented before year-end? Instead of pushing your tax preparation until after the holidays, consider taking a proactive approach to maximize your savings. In this article, we’ll...
Lowering Your Tax Bill: Deductions vs. Credits
Did you have a great year in real estate? First off, congratulations! Finally seeing all of your hard work pay off is exciting. However, before you go purchase your “treat yourself” gift, you need to think about tax time. Following the generic rule to save 30%...
Understanding the New Beneficial Ownership Information Report
Is your real estate business currently operating under a limited liability company (LLC)? If so, are you aware of the annual Beneficial Ownership Information (BOI) report? This added filing obligation applies to all agents with LLCs, regardless of whether you are a...
Tax-Time Prep: What You Need to Know About 1099s
If you are a business owner, you are most likely familiar with receiving various 1099s each year. However, did you know that you might actually need to issue 1099s to contractors and other individuals who perform services for you? For example, if you're a real...
Everything You Need to Know About Accountable Plans
Do you frequently pay for business expenses out-of-pocket? Does your business reimburse for mileage? Is your business structured in a way that you can’t claim the home office deduction? If either of these situations applies to you, it might be time to consider...
6 Ways Your Personal Goals Are Tied to Your Financial Stability and Savings
When "personal goals" comes to mind, you may already know that being financially stable and having some savings are important, but you may not know exactly how much of an impact they have on all aspects of your life. Here are 6 ways your personal goals are tied to...