Simplify Mileage Tracking
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Simplify Mileage Tracking

Automatic mileage tracking, is that possible? With Automatic, it is now! We are constantly asking clients for mileage to deduct on their tax returns.  You know who are you: Realtors, Contractors, Sales professionals, really anyone who gets a 1099.  Then you give us the mileage and we ask for…….you guessed it, the mileage log…  Yes, I…

Keeping good records, be in the know
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Keeping good records, be in the know

Keep it separated Some of the real estate agents we have worked with were shocked when they got their tax bill.  They owed more to the IRS due to not capturing all of their expenses.  They had been missing out on thousands of dollars of deductions because they are not keeping good records. The primary…

Real Estate Accounting, less stress, more business
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Real Estate Accounting, less stress, more business

The business of real estate Whether you are a real estate agent, running a real estate brokerage or a property management firm, you are in fact running a business.  Although similar, they each have different business requirements, as well as differing regulatory rules and regulations. Real Estate Brokers and Agents have large demands on their…

2019 Filing Deadlines for 2018 Returns
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2019 Filing Deadlines for 2018 Returns

Never to early to start planning, beginning with deadlines The IRS filing deadlines are as follows for 2018 returns: Pass-Through Entities S-Corporations and Partnerships Forms 1120S/1065 Due Date: March 15, 2019 Extension Date: September 16, 2019 Corporations C-Corporations Forms 1120 Due Date: April 15, 2019 Extension Date: October 15, 2019 Individuals Personal Forms 1040 / Sched…

Supreme Court ruling impact on online retailers
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Supreme Court ruling impact on online retailers

This week the US Supreme Court (SCOTUS) announced their decision on the South Dakota v Wayfair case it heard back in April. A little history. The current laws are based off the Quill case that was heard in 1992, which set the standard for physical nexus. That standard is a few years past it’s usefulness…

Financial Reports for the Business
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Financial Reports for the Business

All sorts of reports Serious business owners and entrepreneurs are making sure to analyze how well their business is doing, by looking at financial statements and running reports. This is an important process which is dependent upon continuity and genuine interest toward making things run smoothly. There are a number of reports a company can…

Xero and Receipt Bank Integration
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Xero and Receipt Bank Integration

Are you ready for this? If you’ve ever worked with Xero, then you’re probably familiar with how easy running online financial reports and maintaining the books can be. With this amazing software, there is truly something for everyone. Business owners are able to: Correspond with both clients and employees in the same platform Enjoy multi-currency…