If you have a car that you think would give you a good tax write off you may be wondering where to donate your car. You can deduct up to $500 according to the newest tax law. Check with your tax accountant or CPA to see if this has changed if you decide to go ahead. First of all you want to make sure you have a car that can be donated.
This is how it is with accountants. You may have to do an extensive search to find a small firm in the area of expertise you need. Some smaller firms are connected to a larger firms. Iin that case they can always seek the help of the other accountants in the network.
The next step is to locate an on-line stock account. Depending on the on-line stock account you may need to open the account in the name of one or more members. If you have a fictitious name selected for the name of your group you may need to register the name with the state or county. Try and keep this aspect simple. You are not a big investment club. Keep the entity simple. If you need assistance ask your favorite banker or lawyer.
It turns out the Torrance CPA is usually Uncle Harry down the street, or someone picked out from the local Yellow Pages. In other words non-experts, who are costing the photographer mucho dollars.
If your return is complicated – you want to hire a Tax Professional. While tax professionals don’t come cheap – neither does owing the IRS. Tax professionals eat, live and breathe tax law. They are on top of all changes from year to year.
Before contacting a realtor to set up a short sale make sure you understand what it may cost you, how it will affect your credit rating and the tax consequences.
Build a team. Affiliate companies can build your credibility, increase referrals and become an extension of your services. Your affiliates should include a mortgage professional, a title company, a home warranty company, a home inspection company, a real estate attorney, etc. Your team should also include businesses that will help you become more accomplished in less time. Your business would benefit from adding a business coach, a tax accountant and a personal/virtual assistant.