Join us for RPR Training on May 23rd
Learn how to use the Realtors Property Resource
Space is limited.
"Meet, Greet and Build Relationships!"
Join us on Wednesday, May 22nd from 4:00 p.m. - 8:00 p.m. at the BlackFinn American Saloon (530 Main Street, Royal Oak). Admission is just $5.00 per person and includes complimentary appetizers and a drink ticket. Plus all attendees will be entered into our Prize Drawing - to be held at 6:00 p.m.! Call Elaine at (248) 478-1700 or email Elaine@GMARonline.com
Section 105 Medical Reimbursements
Every year, small business owners and self-employed individuals look for ways to save money and increase their tax deductions. Most of these small businesses aren’t aware of a program available to turn their everyday family medical expenses into a business expense. Allowing existing medical expenses to be deducted off-the-top, reduces the taxable income reported by the business, which results in a substantial tax savings.
A self-employed individual can turn these family medical expenses into a business expense through the use of a Section 105 Medical Reimbursement Plan. This is also known as a Health Reimbursement Arrangement (HRA). BizPlan provides this service. To be eligible for BizPlan, a self-employed individual must be married and legitimately able to employ his/her spouse. Just like with any employer, a ‘compensation package’ can be offered to the spousal employee, which includes a small monthly cash wage + the reimbursement of all family medical expenses incurred throughout the year.
BizPlan allows qualifying individuals to deduct 100% of their family health insurance premiums as well as any/all medical, dental, and vision expenses. BizPlan participants save an average of $5,000.00 per year through this program.
Want more details? Contact McNeil Lunenburg, Regional Director at (608) 268-8862 or McNeil.Lunenburg@tasconline.com
Deed in Lieu of Foreclosures for Qualifying Underwater Mortgages
The following will be effective March 1, 2013
Fannie Mae and Freddie Mac announced new rules that will become effective March 1st which will provide homeowners current in their mortgages but in positions where they might be contemplating a "strategic default" with an alternative.
We are pleased to expand our member benefits with a new Accident Insurance Plan, offered exclusively to members. Accidents happen all the time, in fact, a disabling injury happens every two seconds. By enrolling in our Accident Insurance Plan, through Professional Insurance Company, you can receive valuable benefits in the event of an accident. Accident insurance provides you with cash benefits that can help protect your savings and financial stability.
It is very inexpensive with policies as low as $16.85 per month for a single person.
Join GMAR Today!
If you want to be a part of Michigan's best local REALTOR® association, applying for membership is easy:
"GMAR makes me feel my office and staff are of value. Member education, technology, communication, service are marvelous. GMAR is there for us."