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- BEST EXPENSE TRACKER APP FOR IPHONE 2016 UPDATE
- BEST EXPENSE TRACKER APP FOR IPHONE 2016 SOFTWARE
- BEST EXPENSE TRACKER APP FOR IPHONE 2016 PROFESSIONAL
One of the simplest apps you can own, but it takes the hassle out of filing receipts. It might be too late for the 2016 tax year, however, it’s never too late to jump start your 2017 tax preparations.
BEST EXPENSE TRACKER APP FOR IPHONE 2016 UPDATE
The apps listed below have the capabilities to save all your receipts, connect to your bank and credit card accounts to update expenses, and even track your miles without the need of excess paper or hassle (and the prices paid for these apps are also tax deductible). Why? Because tax preparation doesn’t have to be a headache there’s a device that every real estate agent carries on them at all times that can make your tax preparation easier: your smart-phone. Now that you know what kind of receipts and documents you need to save, throw them away (in the recycling bin, of course).
BEST EXPENSE TRACKER APP FOR IPHONE 2016 SOFTWARE
You can also deduct client gifts (up to $25 per gift), for sale / rent signs, and any software you use to conduct business. This includes your account and any dollars spent on social media advertisements. If your marketing and advertising are done effectively and efficiently, your ROI can truly be substantial because all of your marketing and advertising costs are tax deductible. These items need to be business related to be applicable for deduction.Īny fees paid to attorneys, accountants, consultants, and other professionals are deductible, as well as: annual membership fees, desk fees, and continuing education. Only 50% of your total travel, meals, and entertainment expenses are deductible. Office furniture like desk, chairs, and bookcases can be deducted all at once or by depreciation. Office supplies like staples, paperclips, and stamps used in the tax year can also be deducted. This is also applicable to internet, cable, and phones used within the home. If you have a dedicated work space in your home (not including your living room or kitchen), a portion of your rent / mortgage based on the size of the space is deductible (please see the IRS website for home office specifications). Finally, if you don’t own a car, Uber and taxi expenses are deductible. Second, if you are leasing, you can expense the complete payment of your car or deduct annual depreciation if owned. The way the IRS standard mileage works is for every mile driven, a certain dollar amount is applied to it. First, you have the choice of adding up all expenses like gas, repairs, oil, and (yes, even) car washes, or you can use the standardized mileage deduction.
BEST EXPENSE TRACKER APP FOR IPHONE 2016 PROFESSIONAL
(*We advise everyone to consult their tax professional regarding their specific situations and to find more information about applicable tax deductions.) Here are some tax deductions you may qualify for.Īccording to the IRS website, v ehicle deductions vary. Being aware of possible deductions can help you know which receipts to save and what activities and expenses to document. Knowing what you can deduct and keeping track of these expenses throughout the year can take the hassle out of filing your taxes.Īs a real estate professional, you need to know which of your expenses are tax deductible.

That’s the burden of tax preparation: whether you own your own business or work as a self-employed employee (1099 filing status), you have to show proof of all your business expenses. Visit /tips for Help.As the 2016 tax season comes to an end, you become your own private investigator: searching every crevice, purse, drawer, or shoebox imaginable to find every last receipt or document needed to show proof of purchase for business expenses. Multi-currency with automatic conversionįollow on Twitter for news and updates.Doesn’t require access to your bank account.Goals for long-time savings and major purchases.“Adds a surprising amount of beauty to the boring task of tracking my expenses.” - iMore “The most attractive and clever expense-tracking app I’ve seen.”. “Gorgeous, simple, and well worth the price.” - Beautiful Pixels “Works fantastically well, close to the the much loved Tweetbot and Reeder.” - MacStories

“Beautiful to look at and easy to use.” - Macworld
