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Daily Archives: 02/08/2019

Real Estate Opportunities Investors Must Not Miss

When it comes to selling homes, many real estate agents have taken advertising to the next level. They have become more creative by coming up with out-of-the-box strategies. One unique strategy that can be used for real estate promotions is colourful stickers through custom sticker printing in NZ that can be pretty easy to place on car bumpers.

It is important for those who are involved in real estate to be updated with current trends and market fluctuations to keep the competitive edge. It pays to be aware of cities and regions that are expected to become prime locations in the future. This knowledge is very critical in convincing investors.

In the real estate industry, agents have to focus on several areas that include commercial, residential and hospitality. If can be difficult to predict which locations will be the most desirable to investors in the future but according to Forbes Real Estate Council, one of the prime location is Long Island City  in the Queens.

Amazon has recently announced that the company has chosen Long Island City for its 2nd headquarters. While prices of real estate have surged since the announcement, there are investors and buyers who are still looking for bargain prices in the area. Soon enough the prices will rise like what happened to Crystal City in Virginia where the other part of Amazon’s 2nd headquarters will be located.

The key factors that make certain locations highly desirable to investors are low prices, strong economies and growing populations. Usually the real opportunities can be found in places that investors are not looking at like Indianapolis, Oklahoma city, Des Moines, etc. If investors will pour in their capital and equity into lower income neighbourhoods, long-term growth will be stimulated. The cities will experience construction boom, migration flows and more investments.

Because of advances in technology, custom sticker printing in NZ has gained customer attention to its products. Stickers can now be used for different purposes like promotion, warning labels, name labels, bumper stickers, event stickers and many more. Custom stickers can be ordered to fit different needs whether for outdoor or indoor use.

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Getting Your Business Ready For Tax Audit

There are a few things to be done when preparing for a tax audit but getting an audit insurance company should be on top of the list. Any errors or red flag could be a financial burden to a business which could lead to bankruptcy. Therefore, it is important to hire a professional to do tax audit for your business and ensure that you are covered by an insurance policy.

The ideal goal would be to avoid getting audited but these situations are mostly out of our hands especially in case of unintentional errors or mistakes. The best one can do is to prepare. There are three tax audits to – correspondence, office and field.

Once you have received a notice that you are being audited, the first thing to do is contact the tax advisor for your business. Do not respond to the notice right away. It is best to wait for the professional opinion of a tax preparer so that you know how to respond correctly.

After responding, it is time to organize your business records. Classify it by year and by type such as pension plans, income and expenses among many others. If there are missing records, make sure everything is complete before the audit. In case of records that were damaged or lost due to fire or any other uncontrolled incidents, document that you have attempted everything to reconstruct it.

Make sure that you know the difference between intentional and unintentional mistakes. International mistakes are considered tax evasion while if you can prove that the error is unintentional then the tax authority will be more lenient.

Do not combine personal expenses with business records. This is why your business should have a separate bank account. Travel expenses should also be different for business and leisure.

In case your business record for the past few years have shown losses, you must prove to the tax auditor that you are doing your best to recover and make a profit. You can do this by showing expenses spent on marketing. Before an audit can happen, getting an audit insurance company is the best decision you could make for your business.

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