Brunch & Learn Business Series Part 2: Are You Paying Yourself?

425 South Volusia Avenue,Orange City FL 32763

04 March, 2022

Description

Cash on hand or salary ?? Everybody knows that Real Estate Agents pay many taxes each year on their income. This is largely due to your commissions being paid as 1099 Income. As a real estate professional, there are many tax deductions and expenses that may apply to your trade. But are you paying yourself properly to get them? What is a “PA,” and how it can save me $$$ Professional Association (or “PA”) is a great way for a real estate professionals to manage their income. Proper planning with a PA can help you lower your tax bill. The DBPR allows you to have your broker pay your commission to your PA. Learn how this helps you reduce your tax liability while also creating liability protection. Decrease Tax LiabilityReduced LiabilityLook more ProfessionalLess chance of AuditsOrdinary Expenses For Real Estate Agents Auto Expenses (i.e., gas, tolls, parking, car wash, oil & maintenanceTravel FeesHome Office (ask us if yours applies)Advertising CostsComputer ExpensesAnd much more... Brunch will be served by @Bigcountryskitchenfl, so come ready to eat! The Women's Council of REALTORS® Volusia Area We are a network of successful REALTORS®, advancing women as professionals and leaders in business, the industry and the communities we serve. We enjoy bringing you events that are packed full of useful, applicable information and fun at fantastic venues! THANK YOU TO OUR 2021 FLORIDA STATE STRATEGIC BUSINESS PARTNERS!