by Bob Jablonsky, EA | Jan 1, 2024 | Business Tips, Dallas TX, IRS Audit, IRS Problems, Real Estate Agents, Real Estate Agents Tax Deductions, Real Estate Tax Deductions, Tax Deductions, Tax Deductions Realtors
One of the benefits in being an independent contractor, such as a Real Estate Agent, is the ability to deduct business expenses on your tax return that allow you to lower your tax liability and keep more of your earnings. I often get questions from my real estate...
by Bob Jablonsky EA | May 1, 2022 | Business Tips, Tax Deductions, Uncategorized
Has your friend, neighbor or colleague told you that if you take the home office deduction, it will be a “red flag” to the IRS that will trigger an audit? Well, that is just not true! In order to claim the home office deduction, you MUST QUALIFY, but if you do...
by Bob Jablonsky, EA | Jul 30, 2020 | Business Tips, Cost-Saving Tips, Expense Reduction Tips
If revenue hasn’t come back as fast as you expected it to, it may be time to review your budget and determine if some planned expenses can be cut. Here are five places to look to do just that. 1. Travel Since most events have been moved online or cancelled altogether,...
by Bob Jablonsky EA | Jul 2, 2020 | Business Growth, Business Tips
The only way to get smarter about how to invest your marketing dollars is to document and measure what’s happening now in your business. What you’ve measured, you can then improve. Marketing Spend The first step to measuring what you spend on marketing is to...
by Bob Jablonsky EA | Jun 18, 2020 | Business Tips
Liquidity in business has nothing to do with water, milk, or juice! It describes how quickly you can sell an asset and convert it into cash. Cash is the most liquid asset of all. Real estate, in contrast, is not quite as liquid because it could take months to sell it...
by Bob Jablonsky EA | Jun 4, 2020 | Business Development, Business Tips
Deciding on the kind of business you want to start is a very big decision. Some require specialized skills that either the owner or employees will need. Others require a substantial initial capital outlay. In any case, it’s always a good idea to consider the health of...
