How to Cut Duty Cost and Increase Profit as an Importer
Import duties continue to be significant elements in the cost of international trade. Yet many companies and businesses still pay more duties than the law requires ? which impacts adversely on landed cost and ultimately on business profitability. A planned approach to managing customs duty costs would look to eliminate,... Read More
How to Maximize Your Home Business Tax Deductions for 2005
Someone once said, 'the best way to calculate your taxes is?Honestly'. For 2005, add 'Smartly' to that and you'll get to keep more than you make. This April 15th is going to be the day of reckoning for every taxpayer. If you are smart enough with your accounting and keep... Read More
IRS Lock-In Letters ? What?s An Employer To Do?
Employers often ask employees to designate the amount of tax withholdings for paychecks. Occasionally, employees will fail to withhold a sufficient amount in the eyes of the IRS. The IRS will then send a "lock-in" letter on the amount to be withheld. What's an employer to do?WithholdingsFour taxes must be... Read More
Six Urban Myths About Taxation
Six Urban Myths ? Taxation"I am proud to be paying taxes? I could be just as proud for half the money." ? Arthur Godfrey Temporary Taxation in Canada In 1917, the Income War Tax Act (7-8 George V, Chap. 28) introduced Canadians to a 'temporary' tax on corporate and personal... Read More
Your IRS Tax Appeal Rights
Are you in the middle of a disagreement with the IRS? One of the guaranteed rights for all taxpayers is the right to appeal. If you disagree with the IRS about the amount of your tax liability or about proposed collection actions, you have the right to ask the IRS... Read More
Surprising Truths About Tax Preparers
Choosing the right tax preparer for your business is a decision best not left until April. A former tax preparer and small business mastermind offers insights into the secret world of tax preparers.1. All tax preparers are not created equal.It stands to reason, somewhere in the country is the Worst... Read More
Small Businesses: Company Car Vs. Personal Mileage Reimbursement In Hurricane Katrinas Wake
With gas prices at an all time high before Hurricane Katrina left her mark on our nation, most Americans were hoping that gas prices would settle down once summer passed. But gas prices have jumped as much as 80 cents a gallon across the country once Hurricane Katrina destroyed the... Read More
Small Businesses Filing Amended Federal Tax Returns to Recover Money
Small Businesses Filing Amended Federal Tax Returns to Recover Money By Darren Oliver April 15th may be gone but, but certainly not forgotten ? especially if you, like millions of small businesses, unknowingly overpaid your federal taxes and can recover money... Read More
What to Do If You Can?t Pay Your Taxes
The end of tax filing extensions is quickly approaching. What do you do if you can't pay the amounts you owe? You should still file your return by the due date and pay as much as you can. There are, however, additional steps that might help.Credit CardsYou can charge your... Read More
A Taxing Investment
April 15 - The most dreaded day of the year is right around the corner. Are you ready? Some of the most neglected (and misunderstood) tax issues are those related to your investments. If you invest with taxes in mind, you can avoid a nasty surprise when Uncle Sam comes... Read More
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Deducting Points On Home Refinances
Deduction of Refinance PointsAny points that you pay in the... Read More
Tax Trap #2 -- Double Taxation: Isnt Once Enough?
Have you been thinking about incorporating your small business or... Read More
How To Claim CHILD TAX CREDIT The Right Way And Add An Extra $2,000 To Your Refund
The U.S. Department of Agriculture estimates that it costs nearly... Read More
Requirements To Produce Tax Information (Whats Up With That?)
"What we've got here is a failure to communicate." ... Read More
Small Businesses: Company Car Vs. Personal Mileage Reimbursement In Hurricane Katrinas Wake
With gas prices at an all time high before Hurricane... Read More
What to Do If You Can?t Pay Your Taxes
The end of tax filing extensions is quickly approaching. What... Read More
Tax Deduction for Alimony Payments? - Yes!
Over 50% of marriages end in divorce in the United... Read More
Navigating The Internet Sales Tax Laws
QUESTION: I have been contacted by my local city... Read More
Access to E-records by Taxing Authorities: A Case for Pakistan (Part II)
All tax authorities to e-commerce transactions should investigate the record... Read More
Some Folks Pay A Lot Less Tax Than Others On Very Same Income?Did You Pay Too Much Tax In 2004?
Someone once remarked, "Next to being shot at and missed,... Read More
The Internet Tax Man Cometh
Q: I was contacted by the city tax collector to... Read More
Tips and Simple Guidelines on How to Calculate Payroll Taxes
Managing a business small, medium or big requires you to... Read More
Gambling Income and Expenses - Tax Requirements
Hit a big one? With more and more gambling establishments,... Read More
How to Maximize Your Home Business Tax Deductions for 2005
Someone once said, 'the best way to calculate your taxes... Read More
Amending Procedural Laws for Collection of E-taxation
The electronic transaction ordinance defines the certificated copies in which... Read More
What is a Federal Tax Lien?
A Federal Tax Lien (FTL) is a legal instrument that... Read More
Furnishing Evidence in E-Tax Compliance
Self-assessment relies on taxpayers voluntarily meeting their tax obligations. This... Read More
Identity Theft ? Impacting Your Taxes?
If your identity is stolen, your finances can quickly become... Read More
Save Money on Taxes - Double Your Income Now With Tax Saving Tips on Deductions
Adding Your First Additional Stream of IncomeMost new wealth builders... Read More
Tax Tips to Save Money on Taxes - Get the Corporate Kick and Save Loads of Money
Why a Corporation Helps Save You TaxesThe Tax Rates (Notice... Read More
How Home-Based Businesses Can Avoid Giving Uncle Sam More than His Share
How Home-Based Businesses Can Avoid Giving Uncle Sam... Read More
What the Tax Software Companies Dont Want You to Know
Haven't done your taxes yet? No problem. Now there is... Read More
Understanding Basic Tax Terms
If your like many, you don't always understand what people... Read More
Business Tax Deductions
As we enter mid-March, taxpayers begin to become very interested... Read More
1031 Exchange Rules and Requirements
Following is a reproduction of the IRS's rules and requirements... Read More
Hurricane Katrina ? How To Use Your Business Loss To Get A Refund on 2004 Taxes
With the massive losses caused by Katrina, the economy of... Read More
Seven Key Tax Deductions for the Self Employed
As a sole proprietor, it's wise to familiarize yourself with... Read More
The Implications of Income Tax Charge on Estate Planning
OverviewIn the Pre-Budget Report of December 2003 the Chancellor Gordon... Read More
IRS Offer-in-Compromise, Hype or Hope?
"Settle for Pennies on the Dollar! IRS debts settled for... Read More
IRS Reports Tax Gap of $300 Billion
The Internal Revenue Service is reporting that the difference between... Read More
How To Set Up A Tax-Saving Bookkeeping System
One of the most important, but least understood or appreciated... Read More
Save Money on Taxes - Let Uncle Sam Pay for Your Fun!
"Deducting Meals and Entertainment"O.K. You've been working really hard on... Read More
State Tax Information
All states also have their own tax system. Typically there... Read More
Tax Secrets - How Drew Miles Helped Me
How about a Tax Tip?As we all know Taxes are... Read More
Another Tax Loophole
Just image, you are a small manufacturing company, business has... Read More
Complaince of Tax Return in Electronic Commerce Taxation
Emerging Legal issues of Tax compliance of e-business Self-assessment system... Read More
Hurricane Katrina ? How To Use Your Business Loss To Get A Refund on 2004 Taxes
With the massive losses caused by Katrina, the economy of... Read More
What the Tax Software Companies Dont Want You to Know
Haven't done your taxes yet? No problem. Now there is... Read More
Employment Taxes ? What Are They?
If you have employees, you are responsible for paying a... Read More
Small Business Tax Deduction - Write-Off Bad Debts
Practically every small business has receivables that it cannot obtain... Read More
Take Control of Your Taxes
As everyone in the U.S. knows, we have just passed... Read More
Tax Trap #5 -- Ignoring The IRS (and the 5 best ways to contact them!)
We all love to criticize the IRS, don't we? And... Read More
How to Check the Status of Your Tax Refund Online
So, you were pleasantly surprised to learn that you are... Read More
Business Tax Deductions
As we enter mid-March, taxpayers begin to become very interested... Read More
A Taxing Investment
April 15 - The most dreaded day of the year... Read More
Section 179 ? Tax Relief From Depreciation Rules
"Depreciation." For business owners, this word is the one most... Read More
To Tax or Not to Tax - This is the Question
To tax or not to tax - this question could... Read More
Tax Jokes and Quotes
Do you realize that some tax forms ask you to... Read More
How to Reduce the Estate Tax Using the A-B Revocable Living Trust
In a past article I relayed the plight of the... Read More
IRS Certifies 2006 Toyota Hybrid for Clean Fuel Deduction
The Internal Revenue Service has certified the 2006 Toyota Highlander... Read More
Alas! In E-Commerce Taxland
In trying to comply with tax laws for your e-business,... Read More
Organizing Your Taxes
Does this scene sound familiar? It's April 7. You haven't... Read More
Back To School ? Educators Deduct School Expenses
As teachers and students head back to school following a... Read More
Estate Taxes - It Pays to Plan Ahead
Estate taxes. It's not enough to simply know they exist,... Read More
How to Donate Your Car to Charity and Get Tax Deduction
Donating your used car to charity is a win-win situation;... Read More
Seven Key Tax Deductions for the Self Employed
As a sole proprietor, it's wise to familiarize yourself with... Read More
Taxation of Isle of Man Companies from April 2006
At the present time a company incorporated in the Isle... Read More
Employment Taxes ? Depositing With The IRS
If your business has employees, you must pay employment taxes.... Read More
1031 Exchange Rules and Requirements
Following is a reproduction of the IRS's rules and requirements... Read More
Home Business Tax Tips
If you have recently started an Internet or home business,... Read More
Render Unto Caesar
Once a year Canadian taxpayers are required, by law, to... Read More
Understanding Basic Tax Terms
If your like many, you don't always understand what people... Read More
Tax Deduction for Alimony Payments? - Yes!
Over 50% of marriages end in divorce in the United... Read More
Tax Tips - Which Tax Form Is Right For Me?
IRS Tax forms can be confusing.Am I a 1099 or... Read More
Car Donation: An Easy Way to Support Your Favorite Charity and Get a Tax Deduction
Most people look forward to getting their tax return, but... Read More
Small Businesses Filing Amended Federal Tax Returns to Recover Money
Small Businesses Filing Amended Federal Tax Returns to... Read More
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