by Beth McGuire | Aug 20, 2017 | Business Tip of the Day |
Failing to pay quarterly taxes, or making payments that are consistently too low, can not only cost you in the form of penalties, but they’re also a red flag for an audit.
by Beth McGuire | Aug 18, 2017 | Business Tip of the Day |
You are five times more likely to be audited if you don’t report adjusted gross income (5.26% compared to .85%, according to the IRS). Be sure to maintain tracking of your business receipts.
by Beth McGuire | Aug 17, 2017 | Business Tip of the Day |
Being self-employed means you can deduct business expenses. Many agents don’t realize they can deduct 100% of thier Open House costs, software costs, advertising costs, and more.
by Beth McGuire | Aug 16, 2017 | Business Tip of the Day |
The 2017 mileage rate is: A. .57 cents; B. .53.5 cents; or C. .54 cents? B. The mileage deduction was reduced from to .54 cents in 2016, and then again to 53.5 cents in 2017.
by Beth McGuire | Aug 15, 2017 | Business Tip of the Day |
Failing to pay quarterly taxes, or making payments that are consistently too low, can not only cost you in the form of penalties, but they’re also red flag an audit.