Real Estate

Advertising
Legal and Professional Fees
Dues and Subscriptions
Meals and Entertainment
Cell Phone
Broker Fees
Lock box Fees
Education and Training Expense
Office Supplies
Gifts to Clients

Business use of an Automobile
Postage and Delivery
Computer Equipment and Supplies
Internet Fees
Printing and Marketing Costs
Direct out of pocket expenses for clients
Liability Insurance Premiums
Health Insurance Premiums
Listing Service Fees
License Fees

Eric Scott is providing the information on this web site for general guidance only. This general information is provided to represent a good faith effort to provide accurate and complete tax information. The information provided herein should not be used as a substitute for consultation with professional advisers. Every situation may be unique, please contact us to discuss your particular situation.

Self-employment tax (SE tax) is a social security and Medicare tax primarily for individuals who work for themselves. The self-employment tax rate is 15.3%. The rate consists of two parts: 12.4% for social security and 2.9% for Medicare. Only the first $102,000 of your combined wages, tips, and net earnings in 2008 is subject to any combination of the 12.4% social security part of SE tax.. All your combined wages, tips, and net earnings in 2008 are subject to the 2.9% Medicare part of SE tax.

Estimated tax payments for sole proprietors are due

April 15 for the first quarter
June 15 for the second quarter
September 15 for the third quarter
January 15, for the fourth quarter

If you have a different business entity established your situation may be different. Please contact us in these instances to discuss your situation