Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Miami, FL - Top 5 Tax Mistakes Realtors Make
Top 5 Tax Mistakes Realtors Make
      Not Selecting the correct Business Entity – this mistake can cost you thousands at tax time. By selecting to incorporate you can control the amount of payroll taxes paid, speak to tax professional that can discuss the available options and which one will benefit you the most at tax time.       Not having proper bookkeeping to keep track of expenses – this mistake can cause you to miss out on allowable expenses that will reduce your income and hence pay less in taxes. Bookkeeping is an ESSENTIAL part of any business and should be taken seriously, if it’s not your thing….no worries, find someone who can do it for you so that you can focus on the things that you are good at.       Not filing your taxes on time – this mistake will cost you 5% of the taxes owed for every month that you are late …up to a maximum of 25% in addition to what you already owe!!! By avoiding mistake #2 and having proper monthly bookkeeping done, filing on time will surely not be a problem at tax time.       Not setting aside money for taxes - this mistake could ... more

__________________________________________________
Are you on The Rain? Grow Your Network!