4 Effective Ways to Get Out of Debt
Getting out of Debt Requires Planning & Creativity. Here are 4 tips to get you on the right track. 1. Pay The Most Expensive Debt First - Make minimum payments on all your debts and then pay off your highest-rate debt first....
read more2018 IRS Entertainment & Food Tax Deductions – Watch Out!
Business people should be aware of the new IRS Tax changes to meal & food deductions that started Jan 1, 2018. Business Meals are still partly deductible but Entertainment is now out. Also, there are changes to business food expense dedections you should know...
read more5 Budgeting Tips for Real Estate Agents
One of the best things to do early in each year is creating a budget. Agents often do not have a clear idea of how much things cost and as a result run into financial difficulties. Here are 5 tips for making a budget: 1. Monitor your marketing money. Too many agents...
read more4 Simple Bookkeeping Tips for Small Business Professionals
It's clear that every Small Business Professional is required to keep a set of financial records. However, most find this a challenge. Here are a few tips that can get you on the right track. Have a Receipt Envelope for Each Month. Pick up some inexpensive 6” x 9”...
read moreTop 4 Reasons To Have A Separate Bank Account For Business
Here are 4 reasons to have a separate business account: ONE: Makes bookkeeping much easier. You can easily complete bank reconciliations for your business when you do not need to wade through all your personal entries. Plus, you can easily download and import your...
read moreWhy Your Accountant Should NOT Be Your Bookkeeper
Do you clearly understand the differences between the services of a bookkeeper and an accountant? Both are enormously beneficial to your business, it is important you understand the differences. 3 mistakes to avoid: Never expect a bookkeeper to do the job of an...
read moreHow & When to Deduct Business Travel Expenses
From time to time a real estate agent may travel away from home to attend a conference, seminar, or conduct other business related activities. On these business trips, you may be able to deduct lodging, meals, transportation, and other related business expenses. It is...
read moreHow to Prepare for a Tax Audit
In the back of every business person's mind is the potential for a tax audit. Don't wait until that day comes, be prepared in advance and be familiar with the process and what can be expected. Here are a few tips that may help: What can trigger a tax audit? Tax...
read moreShould You Lease or Buy a Car?
A common question small business people have is whether they should buy or lease their vehicle. Let's take a look at some of the Pro's and Con's of each. Generally, leasing a car instead of buying only makes financial sense if you prefer a new car every 3 or 4 years...
read moreWhich Method Should You Use to Deduct Auto Expenses?
There are 2 methods the IRS allows you to use as a small business professional to deduct your auto expenses. The “Standard” or “Actual” method. Which method is right for you?
This chart may help:
read moreSome posts on this blog contain affiliate links which generate commission if you purchase anything starting with those links. If we post an affiliate link to a product, it is something we use personally use, support and/or would recommend, even without an affiliate link.
Recent Comments