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...
Tax-Deductible Expenses for Real Estate Agents
Tax-deductible expenses for real estate agents is such an important area for their sales business. Knowing how and what to deduct can help reduce taxable income and ultimately lower the amount of income tax owed to the government. Everyone wants that, right?! Real...
Accounting Fun Facts? Yes!
You probably didn’t know that many celebrities got their start in accounting, and that many accountants made the history books. As you’ll see from these fun facts, accounting can inspire you, turn you into an author, make chart-topping hits, and help to put mobsters...
How does having a profit and loss statement help me achieve my personal and professional goals?
A profit and loss statement empowers you to make informed decisions, allocate resources efficiently, and track your journey toward personal and professional goals.
The Benefits of Paying Estimated Taxes
While there are no criminal penalties for not paying your real estate business’ taxes every quarter, there are distinct advantages for doing so. You can save considerable money—and avoid unnecessary stress—by making an estimated payment every quarter instead of trying to pay them all at once after the year ends.
2021 Tax Deductions Every Real Estate Agent Should Know
COVID-19 has taken a financial toll, and the recovery process is in full swing. To give Americans a little push in the right direction, the U.S. government and the IRS are adjusting several deductions, most of which will help you keep a little extra money in your pocket.
Why You Should Create a Budget for Business and How it Affects Your Family
The profit you gain from your business can only be of use to you and your family if you manage expenses correctly. Having a set budget broken is the best way to achieve that goal.
Importance of Having a Profit and Loss Statement for Your Business
A glance in your financial rearview mirror often looks good for you as a real estate agent: You met your gross commission income (CGI) goal, you closed several good deals, and, most importantly, your business is still alive and well. But is it thriving or merely...
Build Your Real Estate Business Using the Lead Domino Effect
Building a Business? What is your Lead Domino? Building your real estate business as a rainmaker takes a lot of planning and, consequently, comes with a never-ending list of “to-do’s”. Most importantly, it takes TIME, which should be protected and spent deliberately....