The legal and logistical demands of tracking your sales and expenses associated with those sales can be difficult. The IRS considers all Real Estate Agents as Statutory Independent Contractors. This classification has a significant number of implications. If an agent qualifies as a statutory independent contractor, no federal taxes are withheld on sales commissions. The agent is responsible to pay taxes on his or her own agent income, just like any other independent contractor.
With over 25 years of experience in the real estate industry, Franco Blueprint is perfectly positioned to help you establish the appropriate legal structure to maximize your earned income and put in place the right system for your specific situation.
With our proven Blueprint4sucess™ model, we will work with you to set up a customized accounting system…a system that breaks down your different income streams; Residential Income, Sales Income, Commercial Income, Residential Lease Income or Referral Income while helping you minimize your tax liabilities.
Our trademark model will allow you to run your business efficiently and let you focus on what you do best, without the pressure of worrying about your accounting records. We not only work with you to ensure we build the best accounting system for your business, we teach you how to use it.