Audit Advice
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.Track Every Possible Deduction
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.Mileage Multiple Choice
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.Why You Should Pay Attention to Quarterly Taxes
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.Higher Income, Higher Risk
If your income is above $200K, your chances of being audited doubles from .85% to 1.75%, according to the 2014 IRS report.
Strategies to Boost Your Content’s Visibility
What’s the point of having a social media game plan if your content isn’t getting in front of the right people? Here are a few ways to improve your brand’s visibility and reach on social media.
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