Sick of State Personal or Business Income Tax? Fear Not.

Posted by wpadmin | Posted in Business and Corporations, Financial Advisement, Government, Personal Finance, Taxes | Posted on 22-01-2016

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Many aren’t even aware that there are some places in the U.S. where you don’t have to pay out some of your hard-earned money just because you’ve earned money. It’s no secret — nobody likes the whole personal income tax or business income tax at all. You’re basically being asked to pay up for getting paid. Seems […]

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Maximizing Business Taxes as a Real Estate Professional

Posted by wpadmin | Posted in Business and Corporations, Financial Advisement, Government, Personal Finance, Taxes | Posted on 22-01-2016

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What kind of business tax write-offs are we talking about? Plenty. It’s staggering just what you can deduct from your taxes and get some money back for your investment, and make no mistake — in the real estate business, even as our domestic market continues to grow with the surging home prices, foreign interest in U.S. real estate, the burgeoning mortgage trends, and millennials everywhere taking the industry by storm as the newest home buyer of the the rest of this decade, you want to stay ahead in the game with your business investments and keep the revenue flowing.

One Surefire Way to Do That Is to Make Sure You’re Taking Advantage of All of Your Business Taxes

It’s staggering just how much many real estate agents don’t know about their tax returns. This is just a list of what you can deduct for business taxes, but one thing’s for sure: you must consult with a professional at the Income Tax Planning Network and get going now. The faster you do it, the faster you get that tax refund deposit!

Business Travel

  • Airfare Costsbusiness taxes travel
  • Car Rentals
  • Dry Cleaning & Laundry
  • Lodging
  • Meals (Yes, meals can be deducted!)
  • Parking & Tolls
  • Taxi, Train, Ferry, Boat, Subway & Bus
  • Tips

Communications

  • Cell Phones
  • Answering Services
  • Faxing and Emails
  • Interactive Voice Response (IVR)
  • Internet
  • Office Telephone (VOIP)
  • Toll-Free Numbers
  • Even Pagers!

Supplies & Equipment

  • Briefcases
  • Stationary & Other Office Suppliesbusiness taxes equipment
  • Calculators
  • Cameras & Lenses
  • Vacuum Cleaners
  • Windex & Soap Scum Remover
  • Computers, Laptops & Tablets
  • Flashlights
  • GPS
  • Hard & Flash Drives
  • Lock Boxes & Keys
  • Maps
  • Printers & Scanners
  • Tape Measures
  • Repair & Maintenance
  • Security Systems
  • Utilities
  • Insurance Costs
  • Mortgage Interest or Rent
  • Property Taxes

Your Workforce (If You Have One)business taxes payroll

  • Clerical Support
  • Family Wages (It’s the Truth, No Joke)
  • Payroll & Unemployment Taxes
  • Sales & Virtual Assistants

Other Office Expenses

  • Desk Fees
  • Coffee & Drinking Water Provisions
  • Copier Fees
  • Janitorial Services

Professional Fees

  • NAR
  • NAIREB
  • NAREB
  • NAEBAbusiness taxes legal
  • CREA
  • Chamber of Commerce
  • Bank Fees
  • Bookkeeping
  • Business Licensure
  • E&) Insurance
  • Franchise/Affiliation Fees
  • Interest on Business Purchases
  • Legal Fees
  • MLS Fees
  • Tax Preparation Fees

Retirement Costs

  • The Defined Benefit Plan
  • Self-Employment Pension (SEP)
  • Simple IRA
  • Solo 401k

Real Estate Selling Expenditures

  • Appraisals
  • CL100’s
  • Client Gifts (Less Than $25 Per Client)
  • Closing Attorney Fees
  • Concessionsbusiness taxes real estate
  • Courier Services & Delivery Fees
  • Finder Fees & Referrals
  • Listed Property Repairs
  • Home Warranties
  • Inspections
  • Notary Fees
  • Open House Costs
  • Photo Editing
  • Home Staging
  • Startup Organizational Costs

Overwhelmed, Yet? Don’t Be. This Is All Good for the Business Taxes.

And as a real estate agent, you’ll be doing just fine, especially after looking at this more comprehensive tax write-off guide. Yes, there’s even more you can deduct from your taxes.

So don’t sweat it. You’re doing just fine. You’ve got the business taken care of with CBB, and if you’re ready after itemizing everything from your toothpicks to telemarketing services, register with the Income Tax Planning Network right now and get those taxes done immediately.

The post Maximizing Business Taxes as a Real Estate Professional appeared first on Cloud Based Bookkeeping.

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Buying Farmland and Some Cows Can ACTUALLY Save You on #Taxes? It’s true — much to the dismay of…

Posted by wpadmin | Posted in Business and Corporations, Financial Advisement, Government, Personal Finance, Taxes | Posted on 22-01-2016

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Buying Farmland and Some Cows Can ACTUALLY Save You on #Taxes?

It's true — much to the dismay of many of the middle class, and it's sneaky. But thanks to a slight loophole in tax law, many of the wealthy have been able to take their massive properties on rural land assessed for millions of dollars, get the "use-value assessment" typically reserved for farmers and obtain a property tax credit.

What then happens? It's that tax credit bringing the value of, say, a $71.4MM valued property down to as little as $290K! They're basically able to have that rural land at such a low cost in terms of property tax that it almost seems like a steal (it is, actually).

You simply need to prove that you live on the acquired rural land. That's it. You don't have to do any farming, tilling the soil, milking cows or maintaining a chicken coop. File your property taxes under this tax credit, and you're golden.

There are many other supposed "tax shelters" out there to help maximize your refund. Just click below! And be sure to sign up with #ITPN  immediately and get your 2-hour tax return filed right away.

8 Top Tax Shelters That’ll Blow Your Mind

You’re probably wondering what tax shelters are and why they’re so important. Read this and find out how your tax refund could blow up huge!

The post Buying Farmland and Some Cows Can ACTUALLY Save You on #Taxes? It’s true — much to the dismay of… appeared first on Cloud Based Bookkeeping.

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How to Research Reviews on the Income Tax Planning Network

Posted by wpadmin | Posted in Reviews and Testimonials | Posted on 26-05-2015

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It’s pretty staggering the level of visibility the Income Tax Planning Network is reaching from all corners of the corporate and entrepreneurial stratosphere, so needless to say, we find it a bit laughable that there needs to be a sort of “how-to” on researching the network and finding more goodies to read about regarding our services. However, let’s clarify this: this isn’t a how-to; rather, this is a look-see with convenience, allowing you, the reader to skip that research step and get in on the good stuff.

You Deserve to Feel Awesome About the Income Tax Planning NetworkITPN desserts

Before buying into a service, you need proof. You need to know that the service is worth the cost and investment. Well, here it is, and be sure to take notes (and there will also be more coming this way) —

They matter to a multitude of industries. Businesses. Individuals. Everyone cares about money and how it’s managed. People want to be educated.

Given We’re a Community, That’s What We Do Best

The Income Tax Planning Network’s all about community, and it shows all over the Internet. Get in on the action by signing up right now, and know this: these reviews are just the beginning. What the Income Tax Planning Network brings to the table will only serve as tasty treats and goodies.

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The Foundation: Why a Good Financial Advisor Should Have a Firm Educational Background

Posted by wpadmin | Posted in Financial Advisement | Posted on 29-04-2015

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Clearly, honesty is crucial when consulting with a financial advisor. So why not take advantage of that with a bunch of questions to ask during such an interview? One particular question is the obvious one: education. Where did the prospective financial advisor get the grade? What was the grade? More importantly, did the advisor enjoy the training after even getting the degree? Talk about the mentor or coach. But gritty and real with that financial advisor to dig up the roots and find out if you’re dealing with someone who’s not only experienced, but actually loves the job more than anything to the point that you’re not just going to get par for the course when it comes to financial and tax planning services, but a few birdies and eagles to boot on an 18-course run.

Asking a Financial Advisor This Question, Though, Is More Than Just About financial advisor golfingGathering the Credentials

You’re getting a feel for whether or not the financial advisor worked well with the higher-ups back in the day. If the financial advisor enjoyed working with his/her teachers, coaches and mentors throughout the educational upbringing, the research right there will tell you that you may be dealing with the cream of the crop.

After all, financial advisement isn’t just a 2-person, “let’s meet once in awhile” sort of deal. This is all about your finances. Your money. If someone’s going to be working with you on your money, you’re going to want to be completely involved with that person from front to back, beginning to end, and sideways, making sure you’re both on the same page.

You want to know what the financial advisor’s pets are. How they’re fed. Where they sleep. And how much hair they lose during the Spring season, in other words. That’s just an example, of course.

Don’t Overdo It, of Course

You’re still a partnership — but it’s definitely a very close partnership. At the end of it all, you may not only get a major connection in your life — very much like a lawyer or doctor, to be honest — but a person who can manage your finances and keep you going throughout your life. There’s value in that. Ask the right questions to ensure you get that value quite well.

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18 Truly Awesome Inquiries to Ask Your Prospective Financial Advisor

Posted by wpadmin | Posted in Financial Advisement | Posted on 29-04-2015

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I’m sure you might have seen that rather familiar commercial about the DJ posing as a financial advisor, correct? Amusing. Cute. Eye opening.

Here’s the thing, though: it’s all too realistic. I wouldn’t deny that those people across from the fake financial advisor may have been completely duped and not “actors” in the grand commercial scheme of things, because in all honesty, how do we really know that a financial advisor knows what he or she is doing professionally?

How can we actually trust the prospective financial advisor for anything from tax planning to business formation? Knowing that you could be talking to an emo, tattooed disc jockey? Well, the answer is simple:

You Ask the Prospective Financial Advisor the Correct Questions

You’re interviewing the candidate, basically. I won’t sugar-coat it. That financial advisor has a lot to prove to you. It’s your money, after all. You’re the one hiring the so-called professional. So it would make sense that you grill that candidate to the bone until there’s no meat left. You want the very best on your plate, ensuring your finances are as strong as possible, so consider these basic questions very carefully:

  1. Did You Like Your Coach or Mentor? — Think about it. How the financial advisor developed largely depends on whether or not the financial advisor enjoyed the field hours with the trainer back as an apprentice.
  2. Do You Continually Seek Additional Training? — No financial advisor knows everything every day. New trends develop, so you’ll want a professional who’s constantly researching in the know.
  3. How Many Clients Have You Served? — This is key, because you certainly don’t want a financial advisor who’ll just sell you and run. A good financial advisor will work with you for the long haul.
  4. How Long Do You Work With Your Clients? — Length of time can say a lot about a financial advisor. Just ask a marriage counselor on how that’s relevant.
  5. tap dancer financial advisor(For Referrals) Why Is Your Financial Advisor so Good? — This is a special case where you must ask the question to your best friend, aunt, uncle, mom, dad, spouse or anyone who’s referred you. More importantly, this opens the door to a wealth of other questions you can ask your referral about a particular financial advisor in question.
  6. Any Clients Complain About Your Work? — Don’t be shy to ask this. You have every right to.
  7. Do You Use Your Products as Well? — Well, duh. After all, if the financial advisor is trying to sell you on a product, that advisor hopefully would be using the product, too.
  8. Do You Work With Other Colleagues, Too? — Why would this be relevant? Easy. As in what if the financial advisor gets hit by a car and dies? Pretty drastic, right?
  9. How Much Do You Charge? — The million dollar question of the ages. And a must-ask; here’s why.
  10. Are You Also a Fiduciary?What’s a ‘fiduciary’ anyway?
  11. Why Do You Do What You Do? — You have to love probing questions like this, because it can yet again reveal so much just from the answer alone. Essentially, you’re trying to figure out what kind of financial planner you’re dealing with here.
  12. How Long Have You Been in Business? — There’s a sly trick to this question, and it’s regarding the Great Recession around 2008. Tricky, right?
  13. How’s Your Portfolio?If it’s spotty, move on. If the financial advisor’s looking good, continue.
  14. Do You Have Certifications? — Think about it. Experience is one thing. Qualification is a whole ‘nother ballgame. Ask yourself which one you’d choose between the two: the one who’s experienced and qualified, or just experienced?
  15. Do You Understand What I’m Saying? — You’re a smart little cookie, aren’t you? This clever question just determines if the prospective financial advisor’s actually paying any attention to you, or just waiting for his/her turn to sell you more product. Go with the former.
  16. Do You Do Investments? — You’d be surprised to know that not all financial advisors are qualified to do so. So ask.
  17. Have You Lost Clients? — Sure, the financial planner just might lie to you. It still won’t hurt to ask (because you may have ways of finding out the truth).
  18. Would You Like to Meet My “Friend”? — Alias, lawyer. Attorney. Counsel. Legal representative. Yes, it’s okay to bring a “friend” along with you on your consultation with the financial advisor.

Wipe your brow of the sweat and take stock of what’s listed here. This is your ammunition. Load it all up.

Of Course, Why Would You Trust What I Have to Say About This?

I may be an expert in all this, proficient in the copywriting. But can you truly trust me? Maybe not. After all, I’m actually a tap dancer. Fooled you.

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Life just happens, good or bad, for many families out there in the United States. There’s no denying it. Single mothers, even single fathers: low-income families have a burden on their shoulders where basic bookkeeping becomes a stress of mammoth proportions due to the fact that there’s never enough income generated to pay necessary bills just to make it day by day.

So what has to be in place? Simply put, government aid. It’s almost a necessity for low-income families. But whether you think it’s a crutch or not, and whether many simply seem to take advantage of the benefits offered by the government, one thing is clear — even the families that do work hard seem to only make it by the skin of their teeth, having to pull from their next paychecks to pay back someone who lent money, or robbing “Peter” to pay numerous “Pauls,” because the fact is this — government aid can only do so much in comparison to personal finances (and, yet, there’s so much going into those funds that it may shock you).

Here Are Five Facts That Just Might Blow You Away With Respect to Government Aid and Low-Income Familieslow-income families

What Do These Facts Mean to You? That They Prove Benefits Don’t Benefit?

On the contrary…. They certainly make their mark. If it wasn’t for these programs, you’d have single parents on minimum wage or low-income families stuck in homeless shelters without any way to make the rent payment. That’s just a matter of fact….

But when you’ve got a certain fast-food chain making anywhere around $4.8BB in annual profits, it begs the question about employment — why not pay your workers what they earn with all the hours they put in, or want to put in, so they can get off of government aid and not have to pick and choose on their expenses?

Your average low-income worker will have just over $6K in annual income and about $11K in benefits for food, rent and child care. How’s that for a perspective on low-income families?

ITPN recognizes there’s a problem with the current system we have in place. So let’s fix it. Now.

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Life just happens, good or bad, for many families out there in the United States. There’s no denying it. Single mothers, even single fathers: low-income families have a burden on their shoulders where basic bookkeeping becomes a stress of mammoth proportions due to the fact that there’s never enough income generated to pay necessary bills just to make it day by day.

So what has to be in place? Simply put, government aid. It’s almost a necessity. But whether you think it’s a crutch or not, and whether many simply seem to take advantage of the benefits offered by the government, one thing is clear — even the families that do work hard seem to only make it by the skin of their teeth, having to pull from their next paychecks to pay back someone who lent money, or robbing “Peter” to pay numerous “Pauls,” because the fact is this — government aid can only do so much in comparison to personal finances (and, yet, there’s so much going into those funds that it may shock you).

Here Are Five Facts That Just Might Blow You Away With Respect to Government Aid and Low-Income Familieslow-income families

What Do These Facts Mean to You? That They Prove Benefits Don’t Benefit?

On the contrary…. They certainly make their mark. If it wasn’t for these programs, you’d have single parents on minimum wage or low-income families stuck in homeless shelters without any way to make the rent payment. That’s just a matter of fact….

But when you’ve got a certain fast-food chain making anywhere around $4.8BB in annual profits, it begs the question about employment — why not pay your workers what they earn with all the hours they put in, or want to put in, so they can get off of government aid and not have to pick and choose on their expenses?

Your average low-income worker will have just over $6K in annual income and about $11K in benefits for food, rent and child care. How’s that for a perspective?

ITPN recognizes there’s a problem with the current system we have in place. So let’s fix it. Now.

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Life just happens, good or bad, for many families out there in the United States. There’s no denying it. Single mothers, even single fathers: low-income families have a burden on their shoulders where basic bookkeeping becomes a stress of mammoth proportions due to the fact that there’s never enough income generated to pay necessary bills just to make it day by day.

So what has to be in place? Simply put, government aid. It’s almost a necessity. But whether you think it’s a crutch or not, and whether many simply seem to take advantage of the benefits offered by the government, one thing is clear — even the families that do work hard seem to only make it by the skin of their teeth, having to pull from their next paychecks to pay back someone who lent money, or robbing “Peter” to pay numerous “Pauls,” because the fact is this — government aid can only do so much in comparison to personal finances (and, yet, there’s so much going into those funds that it may shock you).

Here Are Five Facts That Just Might Blow You Away With Respect to Government Aid and Low-Income Familieslow-income families

What Do These Facts Mean to You? That They Prove Benefits Don’t Benefit?

On the contrary…. They certainly make their mark. If it wasn’t for these programs, you’d have single parents on minimum wage or low-income families stuck in homeless shelters without any way to make the rent payment. That’s just a matter of fact….

But when you’ve got a certain fast-food chain making anywhere around $4.8BB in annual profits, it begs the question about employment — why not pay your workers what they earn with all the hours they put in, or want to put in, so they can get off of government aid and not have to pick and choose on their expenses?

Your average low-income worker will have just over $6K in annual income and about $11K in benefits for food, rent and child care. How’s that for a perspective on low-income families?

ITPN recognizes there’s a problem with the current system we have in place. So let’s fix it. Now.

redditpinterestlinkedintumblrmail

Share

Facebooktwittergoogle_pluslinkedin

Follow Us!

Life just happens, good or bad, for many families out there in the United States. There’s no denying it. Single mothers, even single fathers: low-income families have a burden on their shoulders where basic bookkeeping becomes a stress of mammoth proportions due to the fact that there’s never enough income generated to pay necessary bills just to make it day by day.

So what has to be in place? Simply put, government aid. It’s almost a necessity for low-income families. But whether you think it’s a crutch or not, and whether many simply seem to take advantage of the benefits offered by the government, one thing is clear — even the families that do work hard seem to only make it by the skin of their teeth, having to pull from their next paychecks to pay back someone who lent money, or robbing “Peter” to pay numerous “Pauls,” because the fact is this — government aid can only do so much in comparison to personal finances (and, yet, there’s so much going into those funds that it may shock you).

Here Are Five Facts That Just Might Blow You Away With Respect to Government Aid and Low-Income Familieslow-income families

What Do These Facts Mean to You? That They Prove Benefits Don’t Benefit?

On the contrary…. They certainly make their mark. If it wasn’t for these programs, you’d have single parents on minimum wage or low-income families stuck in homeless shelters without any way to make the rent payment. That’s just a matter of fact….

But when you’ve got a certain fast-food chain making anywhere around $4.8BB in annual profits, it begs the question about employment — why not pay your workers what they earn with all the hours they put in, or want to put in, so they can get off of government aid and not have to pick and choose on their expenses?

Your average low-income worker will have just over $6K in annual income and about $11K in benefits for food, rent and child care. How’s that for a perspective on low-income families?

ITPN recognizes there’s a problem with the current system we have in place. So let’s fix it. Now.

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You’re probably wondering how you could possibly make money just from receiving our benefits. Easy. As a member of ITPN, we’ll put it in perspective for you: if you refer just one friend or family member to us each month, this is what you get, right in your pocket: $40 for each referral.income tax family

That’s $480 each year. In your pocket. Get the picture? Makes the Income Tax Planning Network’s $25/month membership seem like pennies when you think about it. And that’s just when you refer only one person a month to us. Want to do the math if you refer five people to us? Or ten people?

How can you not take advantage of this unique benefit?

Thank You for Helping Us Grow Our Family. Your Family.

Thank you for being a part of this family. Please do call our office at 888-203-3030 to set up your free marketing training, starting you off on generating revenue with us right away.

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