Many business owners wait until April 15 to do their tax planning for the past year. It is critical that Investors, and all small business owners for that matter, keep good records of the tax deductions they are trying to take throughout the year. Moreover, you should meet on a regular basis with your accountant or tax attorney to go over strategies that may be helpful to you in your business. Travel, entertainment, home office and advertising expenses are all deductions an Investor should certainly be taking advantage of. However, because of poor planning and record-keeping, many Investors don’t take deductions that are legally theirs. So start planning now; even though it’s only March, the steps you take today and throughout the year will play a key role in helping you reduce your 1009 tax bill.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125