September 2024

Month

In a previous post, we shared a detailed checklist for real estate agents who have incorporated their business under a Professional Real Estate Corporation (PREC). In this article, we will delve into the expenses that real estate professionals can legally deduct. It’s important to know that these deductions are easy to understand and apply, and...
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Starting a business is full of questions, and one of the most important ones is whether or not to incorporate. It’s a decision many self-employed workers and entrepreneurs face, and with the right guidance, it can be the start of a successful journey. Incorporating your business can bring about numerous benefits that can help you...
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Now that you have a Personal Real Estate Corporation (PREC), it’s essential to understand that this is just the beginning of strategic tax planning. By considering all these factors, realtors can make informed decisions that will benefit their financial future. To truly maximize the benefits of incorporation and minimize your tax liability, it is crucial...
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