With tax season around the corner, this is a timely re-release to prepare you for tax season. Tax laws are constantly changing, and it’s hard to stay on top of the requirements. But, as a landlord and business owner, you need to be in the know and understand the basics, so you keep more of your dollars in your pocket. In this episode, I have a conversation with Donna Mitchell to discuss how landlords can best prepare for tax season.

Donna Mitchell is the largest Liberty Tax franchise owner in Hampton Roads with six locations and the top five franchises with longevity. Donna is one of two African Americans owning multiple units within the franchise. Donna still loves and feels blessed to work with clients after being in the industry for 22 years and owning a franchise for 17 years. Donna enjoys watching her clients evolve and feels pride as she watches them arrive at the first destination to the point where their dreams become a reality. "Although these are challenging times, they also present the most significant opportunities if you have the vision, and your business is in order."  

Listen and learn:

• How often should you be speaking with your tax professional?
• The best processes for tracking business expenses
• The #1 concern that landlords have during tax time
• Business expenses that are commonly overlooked
• Are there tax breaks for renting to low-income families?
• Are there COVID-19 deductions that landlords can take advantage of?

And much more... View the full show notes.