by Laura Waldrop | Jul 17, 2024 | Accounting, Administration, Fraud, Tax
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...
by Laura Waldrop | Jun 4, 2024 | Accounting, Administration, QuickBooks, Tax
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...
by Laura Waldrop | Apr 30, 2024 | Accounting, Budgets, Business-Building, Goals, Personal Finances, Tax
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...
by Laura Waldrop | Dec 14, 2023 | Accounting, Budgets, Business-Building, QuickBooks, Tax, Uncategorized
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...
by Laura Waldrop | Feb 19, 2021 | Accounting, Budgets, QuickBooks
Creating a budget will help your real estate business succeed and allow you to continue to benefit personally through that success. Robert Kiyosaki once said, “It’s not how much money you make, but how much money you keep, how hard it works for you, and how...
by Laura Waldrop | Jan 24, 2021 | Accounting, Business-Building, QuickBooks
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...
