ModeWealth - A Wealth Advisory Firms

We understand the pressures of the creative space, and the difficulty of balancing accounting with sales goals while balancing family and personal life. We make it easy through automation and our specific knowledge of your business.

What strategy will help you specifically save on taxes? What is the best structure for your business? We can answer all these questions with a simple no cost discovery session.

Most creative firms receive income in the form of sales transactions. Some of these are subscription based, some are a one-time services and others are A’ la cart. Understanding your compensation, income goals while being experts in tax law and moral, legal and ethical ways to help you to continue helping other businesses grow is what we do.

Most real estate agents and brokers receive income in the form of commissions from sales transactions. You’re generally not considered an employee under federal tax guidelines, but rather a self-employed sole proprietor, even if you’re an agent or broker working for a real estate brokerage firm. This self-employed status allows you to deduct many of the expenses you incur in your real estate sales or property management activities. Careful record keeping and knowing your eligible write-offs are key to getting all of the tax deductions you’re entitled to.