Real estate is a brisk business, especially at this time of year. Between showings, listings, and marketing, it’s easy for bookkeeping to fall by the wayside. But this summer, the market may be more unpredictable than usual, making number crunching and cash flow even more important – and Golden Tax Relief’s tax experts are now helping real estate brokers reduce their tax liability.
Interested parties can learn more at https://www.goldentaxrelief.com
The announcement comes as the real estate market enters an uncertain period, where brokers in DuPage County may or may not realize the profits they expect. The months of May through July are traditionally the busiest for housing sales, but the white-hot market has cooled in recent months, possibly due to rising interest rates.
Between March and April, sales of existing homes dropped 3.4 percent nationwide, according to data from the National Association of Realtors. Sales in all four major U.S. markets were lower, for both month-to-month and year-to-year comparisons. Competing market forces are causing these market fluctuations, according to NAR officials. It’s hard to predict whether job gains and limited inventory will keep housing sales strong, or whether interest rates and a soft economy will dampen buyer enthusiasm.
Brokers invest significant amounts of up-front labor and resources in their clients. When the return is unpredictable, it’s important to implement tax reduction strategies, since cash flow issues are a leading cause of business failure. As such, Golden Tax Relief designs custom tax reduction plans in line with legal obligations and responsibilities.
The certified tax planners at Golden Tax Relief meet with clients to learn their business goals, challenges, and processes. Tax experts will also review past returns to help brokers create custom tax plans unique to their businesses. Rather than using gimmicks and loopholes, Golden Tax Relief’s experts maximize exemptions, deductions, and timing-related strategies to help their clients pay the legal minimum.
“Taxes are a necessary part of business, but there is no reason you should pay any more than legally necessary,” a company representative said. “We create a comprehensive, custom tax plan that will reduce your tax liability year over year, allowing you to put more money back into your business, increase your retirement savings, and maintain your lifestyle!”
Rated one of the fastest-growing companies in the nation in 2022, Golden Tax Relief serves customers in DuPage and surrounding counties. To qualify, clients must have been in business for at least two years and have $50,000 in revenue.
For more information, visit https://www.goldentaxrelief.com
Golden Tax Relief
100 South York Street
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Sahyadri Times journalist was involved in the writing and production of this article.