Small Business Tips

Real Estate Agent License Numbers: What You Need to Know

Real Estate Agent License Numbers: What You Need to Know

Real estate brokers and agents need to obtain various licenses, permits, and numbers. Failure to obtain them can result in fines and other bad things. What is a real estate license number? Of ...Read more

Ask the Tax Expert: What if I Make a Personal Stop During a Business Drive?

Ask the Tax Expert: What if I Make a Personal Stop During a Business Drive?

Question: I have a two-part question: First, I am home-based, self-employed, and travel to various retail businesses as a subcontractor. I have no fixed schedule; it's different every day. On most ...Read more

Choosing the Legal Form for Your Real Estate Business

Choosing the Legal Form for Your Real Estate Business

Most real estate agents are independent contractors—self-employed business owners who are affiliated with a licensed real estate broker in their state. As such, they are running independent ...Read more

5 Tips to Separate Business Expenses from Personal Expenses

5 Tips to Separate Business Expenses from Personal Expenses

While independent business ventures can afford self-directed workers personal and economic freedom, that freedom can also cause individuals to conflate their personal and business expenditures. Even ...Read more

Ask the Tax Expert: Do I Have to Report Every Drive?

Ask the Tax Expert: Do I Have to Report Every Drive?

Each week, our resident small business tax expert, Stephen Fishman, answers your small business tax questions. Have a tax question for Stephen? Submit it here. Question: I receive a flat-rate ...Read more

5 Common Bookkeeping Mistakes to Avoid Before Year-End

5 Common Bookkeeping Mistakes to Avoid Before Year-End

Balanced books are critical to the success of any business, even yours. But bookkeeping itself is one of those time-consuming tasks where errors are easy to make and expensive to rectify down the ...Read more

Business Driving – Mileage Log = No Deduction

Business Driving – Mileage Log = No Deduction

Two recent Tax Court cases show why it’s so important to keep contemporaneous mileage logs when claiming deductions for business driving. “Contemporaneous” means updated at least weekly. In ...Read more