Resources for Navigating New Tax Laws
January 11, 2019
By: Guest Author, Virginia REALTORS® Project Manager & Content Manager, Laura Jones
It’s time to dust off your calculator and brush up on and boost your tax laws knowledge. (Do REALTORS® even still use traditional calculators?) Whether you are crunching numbers on your own or with the help of an accountant or digital service, it is important to make sure that you are being proactive this tax season and protecting your business by staying in-the-know about the Tax Cuts & Jobs Act—you could potentially save thousands of dollars!
If you are an independent contractor or sole proprietor, your tax liability can be cut by 20%, which could lead to a solid savings. NAR has compiled a series of helpful webinars to help breakdown the many avenues of interest that have come out of this act that can help you not only as a REALTOR®, but also as a homeowner or renter. It is important for you and your clients that you stay abreast of these changes.
Some people, like myself, are not able to retain a lot of information just by listening. NAR thought that through as well and has provided transcripts and downloadable PDF slideshows for your convenience to supplement the webinars. Check out this example of the slideshow featuring information about major changes facing individuals. This multi-faceted resource has the conceivable promise of being an extremely handy tool during this tax season and beyond.
You might also like…
DPA One® – Freddie Mac’s “One-Stop Shop” for Down Payment Assistance Programs
By Sejal Naik - November 14, 2023
Last month, Freddie Mac launched DPA One® aimed at serving as a matching tool for borrowers to a variety of down payment assistance programs nationwide. Down payment is… Read More
Home Renovation Trends for Fall in Virginia
By Stephanie Flynn - November 6, 2023
Give your home a fresh look (or share the info with your clients!) before heading into winter. Check out some of the latest home renovation trends for fall.… Read More
Make a Plan to Elevate YOUR Career During Designation Awareness Month
By Virginia REALTORS® - November 2, 2023
When you work towards a designation or certification, you have the power to build trust with clients, stay competitive, and thrive in your industry. Your clients will know… Read More