LLC, A Distinct Legal Entity, A Limited Liability Company

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 Costs
• 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!

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

Share

Follow Us!

The real estate biz is a tough cage fight where you’ve got to lock the kimura and force a tap-out before you’re knocked to the ground. Make no mistake about it. And when it comes to real estate agents, that iron jaw’s crucial; but what happens when you’re getting hit way too much financially that you don’t know how to keep your wits about you? This is what you do….

You Take Advantage of Your Tax Write-Offs!

Remember: you’re a professional. An entrepreneur. You’ve got a wealth of tax write-offs at your fingertips, and if you’re missing anything, you could be losing out on a lot for your tax refund. Some of these specifics might actually shock you, but we’ve broken it down to four verticals for your to keep in mind, but as always, consult your tax expert with ITPN right now to get the goods on maximizing your refund this year:

• Firstly, Your Real Estate Marketing Can Be Deducted! — Want to know what kind of marketing costs can be deducted? Click here.
• Professional Development? Write That Off as Well. — This is what you need to know about what real estate agents can write off when it comes to their continuing education.
• What? Your Car? You Can Write Off Expenses on Your Car? — Absolutely! Here’s a quick list of the write-offs real estate agents can utilize on their tax refunds regarding personal transportation.
• Your Business Can Actually Be a Write-Off, Too — Running a business can cost a ton of money, no doubt. But keep this cheat sheet in mind, and that tax refund should make up for a lot!

Work on Your Ground Game as Real Estate Agents, and the Battle’s All Yours to Win

You’re a professional. You utilize social media to maximize your visibility. Your investment brings in lead after lead. It’s time to get some more back for all your hard work. How do you do it? You use this ultimate tax write-off guide for real estate agents. Sign up immediately for more information about what you need to do with your taxes and get your year started off on the right foot.

Share

Follow Us!

So, listen — ITPN won’t bash. We won’t ridicule, although our country’s known for plenty of political and celebrity satire (how about that comb-over?). But Donald Trump does know the ins and outs of business and finance in a big way, so far be it from us to criticize the Donald for something as grand a scale as this new tax plan he’s proposing as a bid to increase his candidacy on the Republican side.

But we’ll play devil’s advocate here…. It’s only fair. You want to know what’s up with Donald Trump and his new tax plan? Here’s some inside interpretation and speculation about what can happen to you if the Donald’s elected and proposing this new tax plan:

Donald Trump and His New Tax Plan: Huge, Expensive…. And Risky

As Donald Trump would say, you’ve got to think “big.” And this tax plan of his is definitely big. There are a few problems that could arise from implementing this tax plan, although on the surface it does sound good. For starters….

• Will It Benefit the Job Economy? Donald Trump Says Yes — We honestly say ‘no’. At least for many Americans at a certain tax bracket. Want to know why the job economy will suffer? Click here.
• This Will Be a Tax Plan Costing Trillions of Dollars! — Think about it. Tax revenue is necessary for the government to operate. Why will this plan cost trillions? Find out for yourself….
• Everyone Gets a ‘Piece of the Pie’ — Sure, it sounds good to share the wealth, so to speak; but, honestly, you have to know: when it comes to taxes, you can’t please everyone (and you shouldn’t — or can you?).

We Understand, Donald Trump: You Want to Please Everyone

After all, everyone pokes fun at you — the cost of being in the public life as a candidate for, well, public office, and for several other figures in today’s news. Sure, he ends up looking like a whiny baby, and truth be told…. The man might have something here.

That tax plan looks very much like your typical GOP plan with the standard tax cuts and deduction limits you’d expect, but when you learn just by how much this tax plan of Donald Trump goes way out there in a black hole of a financial vacuum, you begin to wonder — will we swallow ourselves up in more debt just for the sake of enjoying our money? Are we putting too much faith like Pope Francis in the prospect of people wanting to spend their hard-earned dollars they’ve kept due to personal finance excellence, perhaps stimulating the economy and maybe looking to advance careers? Possibly.

Talk about a financial leap of faith there. Even Ahmed Mohamed sees this as a “clock” that might not ‘work’ like it should…. Want help with your finances and taxes? Click here to make sure your “clock” continues to work!

Share

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 Families

• Minimum Wage Jobs Don’t Often Guarantee Raises or Even Consistent Workweeks — Take it from many particular employees, most of them part-time, for certain fast-food chains. When the paychecks aren’t the same every other week, that makes budgeting all the more difficult for low-income families. Find out what those figures are right here.
• Food Stamps, While Extensive, Can Fluctuate and Also Promote Bad Health — Think about it for a moment. There’s a lot of money already going into the fund, but the big problem is just what you can exactly buy with your food stamps. This is typically how it would work for a single mother with a low wage of $7.50/hour.
• Yes, Low-Income Families Do Put Their Share Into Child Care Benefits — As much as they can possibly put into it, at least…. Given the kind of income they’re literally forced to bring in. Want to know just what they could be responsible for each week?
• Additionally, Low-Income Families Do Put Their Share Into Rent and Housing Costs — Granted, there are no handouts. But the numbers might actually shock you when you put it into perspective like this.
• Medicaid Will Only Provide for “so Much” to the Point That You’ll Just Want to Get By — It’s basic health insurance. But it’ll only cover certain procedures, prescriptions and other costs, plus there’s still some out-of-pocket concerns at such a low minimum wage that make Medicaid a bit laughable (not due to the government’s lack of assistance, though, and you’ll see why right here).

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.

Share

Follow Us!