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Three Pricing Options To provide our small-business clients with flexibility in how they work with us, we offer three different pricing options for our services. 1. Additional rental properties will be charged at $50/property 2. Processing of monthly payroll includes Federal 941 Quarterly Payroll Filing State Quarterly Payroll Filing Year-End 940 Payroll Filing W2 Issuance to Employees 1099 Issuance to Independent Contractors 3. Our Tax Savings Manual includes strategies to lower your federal tax bill. Historically we have found that we can save small-business owners between $5,000 and $12,000 per year. 4. Two conference calls throughout the year to discuss: Estimated Payments P&L Discussion Adjustments to Officer Compensation Misc. Business and Accounting Issues 5. Requires a three year agreement.

Testing real estate page. A Better Way Our Services Retirement Planning Testimonials Our Team Providing Successful Real Estate Agents With A Proven Path To Reducing Tax Liability. Proactive Tax & Accounting Services That Help You Keep More Of What You Earn Click Here To Schedule Your Free Consultation Now! To Top Anchor 1 A Better Way To Secure Your Financial Future Let us help you keep a higher percentage of your commission. Why Monotelo We will help you keep more of your hard-earned commissions. At Monotelo, we guarantee to save you more on your taxes than what you spend with our firm. How we work with agents We start every new client conversation with a tax discussion. From there, we customize the strategies to your unique situation to maximize your tax savings . Tax tips and Strategies The new tax code radically impacted your tax situation. We continually invest in our education so that when changes happen, we're ready to meet the challenge. White Papers Real world examples of our clients saving between $6,000 and $15,000 per year . White Papers are available to you upon request during your free consultation. Schedule Your Free Consultation Now! To Top Anchor 2 The Tax Planning Services You Deserve Your Tax Savings Come From Our Strategic Advice. Tax Savings Strategies Tax savings for small business owners goes way beyond a simple home office deduction, personal car miles and cell phone bills. Monotelo's tax savings strategies are designed to capture the intersection between the federal tax code and your unique situation as a small business owner. Market Compensation Most S-Corp owners are aware of the tax benefits of separating wage income from S-corp profits, but expose themselves when they fail to address IRS fair market compensation requirements. The Monotelo process is designed to audit-proof your owners' compensation while minimizing your tax liability. Entity Selection Process Your choice of entity matters. LLC, S-Corp, C-Corp, Sole Proprietorship, LLP all have different tax implications; and the best entity structure for your business depends on your unique personal financial situation. Monotelo can help you determine the tax deduction advantages and disadvantages of each option. Entity Structuring When buying or starting a business, one of the first things to consider is the legal form you will use to own and operate the business. Once the ideal entity structure has been identified, Monotelo can help you get your entity in place and equip you to operate within compliance of state and federal regulations. Schedule Your Free Consultation With A Tax Expert Who Can Help You in 2019! To Top Anchor 3 Allocating Your Tax Savings To Create Growth The Tax Cuts and Jobs Act Enacted in January of 2018 shifted the Retirement Planning landscape. The Tax Cuts and Jobs Act radically shifted the Retirement Planning Landscape. Are you taking advantage of the new opportunities? The new tax law instituted several significant changes to the individual income tax, including reforms to itemized deductions, the alternative minimum tax and lower marginal tax rates across brackets. These changes radically impact how small business owners should be preparing for retirement. If your financial plan was put in place prior to December of 2017 you are likely missing out. Don't Procrastinate! Schedule Today! To Top Anchor 4 Hear from other Real Estate Professionals just like You Lisa - Milwaukee, Wisconsin Top 1% of all Wisconsin Agents “I worked all those years with my last CPA, and he helped write off my expenses, but I’ve never had anyone who could help me save money on my taxes the way Monotelo Advisors has for me. I would recommend Monotelo to anyone in the real estate business.” Reggie - Southern Illinois Top 1% of all Illinois Agents "I probably tell five people a week: 'If you want to save money and protect your assets, call Monotelo. If not, keep doing what you're doing.' Monotelo is great at tax planning, and if you are not working with them, you are throwing money away." Rick - Re/Max Broker-Owner Re/Max Catalyst Recognition 8 Years in a Row Rick - Re/Max Broker-Owner Re/Max Catalyst Recognition 8 Years in a Row "I tell my highest producing agents: 'You've got to do better with the money you are making.' Then I tell them to go and talk to Monotelo. We care about all aspects of our agent's business - that's why we brought Monotelo out to speak to all of our high-producing agents." Schedule Now! To Top Anchor 5 Meet Your New Team Jim Richter Tax Planning Expert Jim brings 20+ years of experience in the financial services industry to Monotelo Advisors. Prior to founding Monotelo, Jim spent 7 years as a Managing Director and Partner at PT Asset Management, a $1.7 billion alternative asset manager in Chicago. Prior to his time at PTAM Jim spent 9 years as a fixed income specialist in the banking industry. Jim is a Chartered Alternative Investment Analyst with a degree in Finance from the University of Illinois – Chicago. He is an Enrolled Agent, a federally authorized tax practitioner empowered by the US Treasury. Gavin Tabb Tax Planning Expert In addition to providing our small business clients with seamless payroll and bookkeeping services, Gavin supports our tax research that drives the strategies our clients employ to save on their federal and state income tax liabilities. Gavin has a Bachelor’s degree in accounting from Northern Illinois University. He is an Enrolled Agent, a federally authorized tax practitioner empowered by the US Department of the Treasury to represent taxpayers before the Internal Revenue Service. Gavin is also an Intuit QuickBooks Certified User. Marianne Richter Engagement Manager Marianne is responsible for ensuring that Monotelo delivers a high level of customer service and exceeds the expectations of our small business relationships. Marianne brings 13+ years of diversified training and marketing experience in the consumer goods industry to Monotelo. With a bachelor's degree in marketing, Marianne worked in senior management roles at Kraft Foods for more than a decade. She had national profit and loss responsibility and was responsible for training their national sales teams. To Top Anchor 6 2250 Point Boulevard / Suite 230 Elgin, IL 60123 Office Hours Monday - Friday: 8:00 AM - 5:00 PM CST 800-961-0298 CONNECT WITH US ON SOCIAL MEDIA Schedule Your Free Consultation Now!

YEAR END Tax Planning With roughly 6 weeks to go until we can say goodbye to 2020, now is a great time to review your personal situation and consider any year-end adjustments to minimize your short and long-term tax liability. We have identified five year-end planning strategies you can use to minimize your tax burden. Maximize Your Retirement Account Contributions If you have a 401(k), 403(b) or 457 retirement account you can contribute up to $19,500 ($26,000 if you are over the age of 50) for 2020. Contributions to any of these plans must be made before January 1st to apply to 2020. Before you contribute to your 401(k) you should watch our 4-minute video Why 401k Plans Are Sub-Optimal . You can also contribute up to $6,000 ($7,000 if you are over the age of 50) to a traditional or Roth IRA for 2020 depending on your income. Contributions to traditional or Roth IRAs can be made up until April 15th of next year and still be applied to your 2020 contributions. If you qualify for a Health Savings Account you should max out your contributions to the HSA before making further contributions to your other retirement accounts. This is because HSAs allow for a tax deduction for your contributions, tax-free growth of the assets in your account, and tax-free distributions when used for medical expenses. With significant medical expenses almost guaranteed later in life, an HSA combines the best of both traditional and Roth retirement accounts. For more on HSAs read “Six Myths About Health Savings Accounts ” Take Advantage of Tax-Free Capital Gains If your taxable income is below $40,000 (80,000 if you file a joint return) then your long-term capital gains tax rate is 0%. If your taxable income is below these thresholds and you own stocks or other investments that have appreciated in value you can take advantage of this 0% tax rate by selling your investments with long-term capital gains and not pay any federal income taxes. If the sale of your investment pushes your taxable income above the thresholds for the 0% bracket you will pay 15% on the amounts above the threshold but will not pay taxes on the amount up to the threshold. While capital gains below these income thresholds are tax-free, the proceeds from the sales will still increase your taxable income for the calculation of certain tax credits such as the premium tax credit for health insurance. If you are currently receiving the premium tax credit, selling your investments could reduce the amount of the credit that you qualify for. Set Up a Donor Advised Fund The Tax Cuts and Jobs Act doubled the standard deduction while also limiting or removing various itemized deductions. As a result of these changes a much greater percentage of taxpayers will be taking the standard deduction between now and 2025 when the tax cuts expire. This also means that meaningful charitable donations may have little impact on your tax return. This is because a much larger portion of your charitable deduction is being used to reach the standard deduction threshold before you can realize any tax savings. One way you can work around this new limitation is to set up a donor advised fund. With a donor advised fund you can make a large contribution to the fund in one year and then make donations out of the fund to your charities of choice over the course of several years. With a donor advised fund you get a tax deduction in the year you contribute to the fund, regardless of when the fund distributes money to a charity. For example, if you typically give $5,000 each year to your church, you can choose to contribute $15,000 now to a donor advised fund and distribute $5,000 out of the fund each year for the next 3 years. Then refill the fund at the end of the 3rd year. By bunching your contributions into every 3rd year, you can prevent the bulk of your charitable donations from being absorbed by the standard deduction threshold. Consider a Roth Conversion Contributing to a traditional IRA or 401(k) provides tax savings today by pushing the tax liability into your retirement years. This strategy can make sense when you are likely to be in a lower tax bracket in retirement. However, the Tax Cuts and Jobs Act has created one of the lowest tax environments our country has seen in decades. With that in mind there is no guarantee that you will be in a lower tax bracket at retirement. And with our national debt skyrocketing, you could find yourself in a higher tax bracket when you retire, even if your income is lower than it is today. With higher tax rates likely in the future, you may want to consider converting some of your 401(k) or traditional IRA funds into a Roth IRA, paying taxes now in today's low tax environment in order to realize tax-free distributions later in retirement. With the results of the 2020 election, time could be running out to take advantage of the low tax rates. For more information on why a Roth conversion may be a limited time opportunity watch our 3-minute video Tax Efficient Retirement Planning. Converting your traditional IRA into a Roth IRA is an option for everyone, even if you are above the income threshold to make a normal contribution to a Roth IRA. You will also not be subject to the 10% early withdrawal penalty you would face when taking early distributions from a traditional IRA. For more information on why a Roth IRA could be the right choice watch our 4-minute video The Big Picture . Return Your Required Minimum Distributions If you are over the age of 70 ½ then you are required to withdraw a certain amount from your traditional IRA each year through Required Minimum Distributions (RMDs). These RMDs can create an unwelcome tax liability. Fortunately, as part of the CARES Act, all RMDs for 2020 have been waived. This means that if you have not yet taken your RMDs for 2020 you can choose not to take any for the year. If you already took your RMDs for the year then you have a few potential options to undo them. Option 1: Indirect Rollover When you take funds out of your IRA you have 60 days to either return the funds to the original IRA or invest them in another IRA through what is referred to as an indirect rollover. If you return the funds or reinvest them in another IRA within the 60 days you can avoid any taxes or penalties that would have otherwise been due on the distribution. You can only complete one indirect IRA rollover per year. Option 2: Coronavirus-Related Distribution If you took your RMDs earlier in the year and can no longer qualify for a 60-day rollover, you may still be able to undo your RMDs by qualifying them as a coronavirus-related distribution (CVD). With CVDs you can take up to $100,000 from your traditional IRA at any point in 2020 and you have 3 years from the date of the distribution to recontribute the funds and avoid paying income taxes. If you don’t recontribute the funds you can also choose to spread the tax liability over the next 3 years instead of paying it all on your 2020 return. To qualify a distribution as a CVD you must meet at least one of the following criteria: You are diagnosed with COVID-19 using a test approved by the CDC Your spouse or dependent is diagnosed with COVID-19 using a CDC-approved test You are experiencing adverse financial consequences as a result of being quarantined, being furloughed or laid off or having work hours reduced due to such virus or disease, being unable to work due to lack of child care due to such virus or disease, closing or reducing hours of a business owned or operated by you due to such virus or disease, or other factors as determined by the secretary of the Treasury. As you can see, even if you do not meet either of the first two criteria, just about anyone in the United States should be able to qualify under the third criteria given that almost every state issued a shelter-in-place order earlier this year. By reclassifying your RMD as a CVD you can either avoid the taxes altogether by recontributing your distribution within the next 3 years, though we would recommend recontributing before the end of the year to keep everything simple, or spread the tax burden of the distribution over a 3-year period. Summary Now is a great time to review your financial situation and determine if there are any year-end adjustments you should make, as there should be very few income surprises between now and year-end. Taking the time to review your situation and applying some of the strategies we just shared could help you significantly reduce your short and long-term tax liabilities. Read more articles Failing to order your affairs to minimize your tax burden could cost you significant money - so don't wait to take action. If you have additional questions or need some planning help, please reach out to us.

JULY 2017 MONOTELO QUARTERLY AVOID THE HEADACHES and Penalties Associated with 1099 Reporting When a small business hires an employee, there are a number of expenses that are incurred in addition to the hourly wage. This could include the employer-provided benefits, office space, along with the technology and other tools required to do the job. The employer will also have to make required payments and contributions on behalf of employees, including: The employer's share of the employee's Social Security and Medicare taxes, which totals 7.65% of the employee's compensation State unemployment compensation Workers' compensation insurance Depending upon the industry, the additional contributions could increase your payroll costs by 20% to 30% - or more. You can avoid these expenses by hiring an independent contractor to do the same work. The additional contributions could increase your payroll costs by 20% to 30% - or more. However, there are certain requirements that must be followed in order to avoid the headaches and penalties associated with 1099 reporting. WHAT AND WHEN DO I HAVE TO FILE? Businesses are required to report all income to the IRS for its employees and any independent contractors. For employees, a W-2 is required to be filed. Independent contractors on the other hand, get a little more complex. To make matters worse, congress recently passed the Path Act, and moved up the filing deadline for W-2's and certain 1099's. The required date to provide W-2's and 1099's to employees and independent contractors is January 31. The deadline for submitting these forms to the government is also January 31. THREE STRATEGIES TO AVOID 1099 HEADACHES The easiest way to avoid the penalties, and filing headaches caused by issuing 1099's to independent contractors is to structure your business activities to minimize the number you must issue, and prepare them in advance, if you do have to issue them. STRATEGY #1: Choose contractors that operate as corporations. Your business is not required to issue 1099's for payments made to corporations, S corporations, or LLC's that elect corporate status for tax purposes (unless the corporation collects attorney fees or payments for health and medical services). STRATEGY #2: Make payments to independent contractors with a credit card, or a third-party payment network like PayPal. Shift the burden of reporting this income to the credit card company or the third-party network. They are required to report the payments on Form 1099-K. STRATEGY #3: Require the independent contractor to provide you with a W-9 upfront before making any payments to them. Here are the benefits: You will know if a 1099 filing is required, because their business type is disclosed on the W-9. You will know whether an LLC is classified as a corporation for federal tax purposes, and excluded from 1099 reporting. By getting the W-9 upfront, it eliminates the need to chase the contractor down for the required information if you need to file a 1099. Once the contractor is paid, your leverage for getting the information is gone. If an independent contractor refuses to provide you with a taxpayer identification number (TIN), and you pay the contractor more than $600 during the calendar year, then you are required to withhold federal income tax on payments made to that contractor. If you do not withhold, your business owes the tax, and it is on you to prove the contractor paid the tax. January 2017 Save as PDF October 2017

2020 Strategies for a Lifetime of Tax Savings Join us as we share clear steps you can take to reduce your tax bill and cohesively address each area of your financial life. Minimize the risk of rising tax rates Reduce your current tax burden Maximize the productivity of your assets to improve your future income stream Minimize the drag from your long-term tax liabilities with potential lifetime savings of more than $200,000 on a $500,000 retirement portfolio Provide a quiet confidence that your financial affairs are arranged to meet your long-term goals

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2021 CHILD TAX CREDIT CALCULATOR Use our child tax credit calculator to estimate how the revised credit will impact your 2021 tax return.

When planning your vacation be sure to familiarize yourself with the business travel rules to see if you can qualify some of your costs as business expenses. HOW TO DEDUCT YOUR VACATION TRAVEL AS A BUSINESS EXPENSE Taking a vacation can be expensive, so naturally the idea of deducting your vacation expenses on your tax return is an appealing idea. However, before you get carried away planning a lavish vacation with the hopes of writing off the entire cost, make sure to familiarize yourself with the requirements to qualify your expenses as business travel. To qualify for a tax deduction the trip needs to serve a legitimate business purpose. Handing out business cards on the beach does not count. There are 5 criteria your trip must meet to be a qualified business expense: Profit motive. The trip must serve a legitimate profit motive. This means that you can reasonably expect the trip to create profit either now or at some point in the future. Stay overnight . You can only deduct meal and lodging expenses when you are away from home overnight. “Rational Businessperson” test. Your trip will only qualify as a business expense if the business motive is strong enough that a rational businessperson would make the trip if business was the only motive. Primary purpose test. You can only deduct your travel expenses when your trip is primarily for business. This is determined by calculating the number of business days vs personal days of the trip. This may sound like a deal breaker, but it is easier to meet this requirement than you think. Maintain good records. If you do not properly document the business purpose of your trip, your travel expenses, or your actual business activities on the trip you will risk losing your entire deduction. Your trip expenses can be broken down into two general categories with different requirements to be deductible: Transportation Expenses Transportation costs include airfare, train tickets, or the cost of a rental car to get to your destination. These expenses are all-or-nothing, if the majority of your trip days are business days you can deduct all of your transportation costs. If the majority of your trip days are personal you cannot deduct any of these costs. Life Expenses Life expenses include your daily meals and lodging. Unlike transportation expenses you do not need to meet the majority of business days threshold to take life expenses. Instead you simply take the life expenses for each business day of the trip. What Counts as a Business Day? It may be easier than you think to qualify most of your trip as business days. Each day of the trip only needs to meet one of these criteria to qualify as a business day: Work more than four hours. You have a workday when you spend more than half of normal work hours pursuing business. Since a normal workday is eight hours you only need to work for more than four. Presence-required day. If you are required to be at a destination on a specific day for a legitimate business purpose. For example, if you have a meeting with a client in another city on Tuesday, then Tuesday qualifies as a business day even if that is your only business activity for that day. Travel day. Days you spend traveling to or from your business destination count as business days as long as you are traveling in a reasonably direct route. Weekends and holidays. If a weekend or holiday falls in between two business days you can count those days as business days as long as it would not be practical to return home in between the two business days. If you live in California and have meetings in New York on Friday and Monday, it would not be practical to return to California for the weekend. Therefore, all four days count as business days. Saved-money-on-travel days. If you arrive at a destination a day early or leave a day late in order to save on your travel expenses you can count the extra day as a business expense as it served a legitimate business purpose of reducing your travel costs. Summary The rules governing business travel allow for some freedom to deduct vacation time as business expenses, but do not provide a blank check to write off an entire vacation simply because you spent a few minutes discussing business. You need to find the right balance between work and relaxation, properly document your work activities, and maintain records of all your expenses. Are you overpaying on your taxes? Schedule a free review of your last 3 years of tax returns!

Simplify Your Crypto Tax Filing Expert Help for Crypto Investors Struggling to manage transactions across multiple exchanges and wallets? Finding it hard to consolidate data without clear platform reports? Confused about how trading, staking, mining, and NFTs are taxed? Worried about staying compliant with evolving IRS crypto rules? Missing deductions for mining expenses or operational costs? Having trouble calculating the cost basis for your positions? Expertise Specialists in crypto tax regulations Accurate Reporting Technology combined with experience to recognize taxable income from crypto trades Maximize Your Deductions Our advanced planning strategies will help you minimize your tax liability Get Started Today! Our Process Sign Up: Create your account in two minutes. Upload Your Data: Easily upload all your tax documents to your secure portal. Review and File: We handle the rest to ensure accuracy and compliance. We will start your return as soon as all your tax documents have been uploaded to your secure portal and we have your authorization to begin working on the return. If you trade on a non-traditional platform (ie. platforms other than Coinbase or Robinhood that do not provide tax information), we will need the basis information from your transactions. We will follow up with questions if we believe there is missing information. We will notify you when your tax return is complete and give you the option to review it with one of our tax experts. Pricing: 1.Basic (up to 25 transactions): Starts at $350 2.Plus (up to 100 transactions): Starts at $425 3.Advanced (up to 1,000 transactions): Starts at $650 4.Custom Plan: Contact for a quote Additional schedules from other sources of income or deductions may incur an additional fee. Our Guarantee: If we have all of your required tax documents, we guarantee that your return will be filed within compliance of the IRS regulations. Frequently asked questions 5 Crypto Tax Mistakes to Avoid Filing taxes as a cryptocurrency investor can be complex, and even small mistakes can lead to audits, penalties, or overpayment. Here are five common crypto tax mistakes to avoid: 1. Not Reporting Crypto Transactions Many investors mistakenly believe they only need to report crypto gains if they cash out to fiat currency, but this isn’t true. The IRS requires reporting on all taxable events, including: Trading one cryptocurrency for another. Selling cryptocurrency for fiat currency. Using cryptocurrency to purchase goods or services. Receiving crypto through staking, mining, or airdrops. Tip: Keep detailed records of every transaction, including dates, amounts, and fair market value at the time. 2. Miscalculating Cost Basis Calculating the cost basis—the original value of your crypto assets—is critical for determining your gains or losses. Mistakes often happen when: Tracking purchases across multiple wallets and exchanges. Accounting for fees or transaction costs incorrectly. Tip: Use tools or software that integrate with exchanges to track and calculate your cost basis accurately. 1. Not Reporting Crypto Transactions Many investors mistakenly believe they only need to report crypto gains if they cash out to fiat currency, but this isn’t true. The IRS requires reporting on all taxable events, including: Trading one cryptocurrency for another. Selling cryptocurrency for fiat currency. Using cryptocurrency to purchase goods or services. Receiving crypto through staking, mining, or airdrops. Tip: Keep detailed records of every transaction, including dates, amounts, and fair market value at the time. 2. Miscalculating Cost Basis Calculating the cost basis—the original value of your crypto assets—is critical for determining your gains or losses. Mistakes often happen when: Tracking purchases across multiple wallets and exchanges. Accounting for fees or transaction costs incorrectly. Tip: Use tools or software that integrate with exchanges to track and calculate your cost basis accurately. Get Started Today! © 2025 by Monotelo Inc. info@monotelo.com 800-961-0298