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Top Tax Deductions Realtors Need to Know to Maximize Their Write-Offs
Maximize Your Tax Savings: The Ultimate Guide for Realtors As a realtor, you’re running a business. That means you have the opportunity to claim a variety of tax deductions that can significantly reduce your taxable income and keep more of your hard-earned commission. Here are the top tax deductions every real estate agent should know: 1. Vehicle and Mileage Deductions If you’re constantly driving to showings, client meetings, and open houses, your vehicle expenses can add up quickly. The IRS allows you to deduct either the standard mileage rate (65.5 cents per mile for 2024) or your actual car expenses (gas, maintenance, insurance, and lease payments). Keep a detailed mileage…
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Finish 2024 Strong with the Ultimate Year-End Checklist for Women Entrepreneurs
As a woman entrepreneur, you’re constantly juggling multiple roles—leader, strategist, visionary, and often, the day-to-day operator of your business. As the year comes to a close, it’s time to shift focus from the everyday hustle and take a strategic look at what’s ahead. The year-end is your perfect opportunity to wrap up 2024 in style while laying a strong foundation for a profitable 2025. But where do you start? With so many moving pieces—tax planning, goal setting, budgeting, and planning for the new year—it’s easy to feel overwhelmed. That’s why I’ve created The Ultimate Year-End Checklist for Women Entrepreneurs: Tax Savings, 2025 Goals, Time-Saving Delegation Tips, and Marketing Strategies. This…
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The Importance of a Mid-Year Financial Statement Assessment
As we reach the midpoint of the year, it’s crucial for businesses, especially real estate investors and women-owned enterprises, to perform a thorough assessment of their financial statements. This practice ensures that you’re on track to meet your financial goals and allows for adjustments to stay aligned with your strategic plans. Here’s a guide to understanding the importance and process of a mid-year financial assessment. Why Conduct a Mid-Year Financial Assessment? Steps to Conduct a Mid-Year Financial Assessment Conclusion A mid-year financial assessment is not just a routine check-up; it’s a strategic practice that can significantly impact your business’s success. By taking the time to thoroughly review your financial statements,…
Workshop
Year-End Tax Strategies & Goal-Setting Workshop is Monday!
