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Evolving Tax Rules – Real Estate Industry

1- Am I considering all deductible expenses when preparing tax returns ? Commission Rebates Car expenses Work-space-in-the-home expenses Meals and entertainment Advertising expenses Office expenses and supplies Tuition courses (tax credit or tax expense) Membership fee (brokerage fee) 2 –What…

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Consider Incorporation

Advantages of Incorporation 1- Limited Liability With a corporation, individual shareholders are not responsible for corporate debts or other liabilities. Shareholder can only lose the value of their investments. Without corporation, a sole proprietorship and partnerships put all personal assets…

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Uses of Financial Reports

Financial statements   Financial statements may be used by different stakeholders for a multitude of purposes.¬†Owners and managers require financial statements to make important business decisions affecting its continued operations. Financial analysis is then performed on these statements, providing management…

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