It all boils down to extra wealth in your pocketbook at the end of the tax year. By not paying or employing an expensive and costly accountant / bookkepper to sort and seperate through a shoebox full of expense receipts. ![]() If you are just opening your business, you may want to apply your income dollars toward advertising and promotion instead of accounting / bookkeeping bills. If you utilize an accountant / bookkeeper to maintain and track your business records, it could be very costly. Keeping better records of your operating cost will yield more income tax deductions at the end of the latest tax year. Real Estate Brokers want to be able to generate broad reports with instantaneous access to their bottom line. ![]() If you want to take benefit of all the income tax laws, you are going to have to keep track of your all records and documents. Accounting for realtors is an enormously overwhelming and and important phase of becoming a real estate agent or broker.
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