If you're a real estate agent, you need to plan for your taxes and know your tax burden. Real estate agents are categorized as self-employed and sole proprietors. They are liable to payroll deductions, but they have the opportunity to maximize tax deductions. Essentially, real estate agents require practical tax planning services to compute their taxes correctly. You should consult tax planning specialists to leverage tax breaks and minimize deductibles. Here are additional reasons why you need tax planning services as a realtor.
If you are looking to start a business and working with a bootstrap budget, you will no doubt be looking for areas where you can cut costs. Doing the accounting function yourself if you have no accounting background is not one of the areas you should consider. Instead, hire a small business accountant and see what an asset the accountant will be to your business.
Here are some top ways a small business accountant can help during this start-up or infancy phase of your business.