April 15th looms in front of most people every year like a big, full moon full influencing a tax based frenzy, but knowing where to find tax breaks for your home based business can make that frenzy a little less frantic and more beneficial to you and your home based... Read More
The 100 year old investment-banking firm of Warburg, Dillon Read (on Park Ave. N.Y.) (now UBS Warburg) has offices in 39 foreign countries - including the Bahamas, the tiny Cayman Islands, Hong Kong and the Channel Islands. Makes you wonder why, doesn't it? Non-resident foreign companies,... Read More
In the latest Star Wars episode, the evil empire executes a brutal revenge on the Jedi. While the IRS is not an evil empire (and due to the Revenue Reform Act of 1998 not very brutal anymore); it too is executing revenge on those who do not comply with filing... Read More
It's a major fear for most Americans: A notice from the Internal Revenue Service (IRS) summoning you for an audit.What is it about these three letters that strikes a cord of fear in Americans' hearts? Learning the signs that could put your tax return at the top of the list... Read More
Deduction of Refinance PointsAny points that you pay in the refinancing of your residence are tax deductible over the length of the loan in question. The deduction is allowable only if the residence is your primary home and the new mortgage replaces a previous one and/or is used to improve... Read More
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
Marketing is a necessary expense in running practically any business and the IRS acknowledges as much. You may run advertisements on or in the Internet, radio, television, magazines, newspapers and other media to sell your products or services. You should be deducting all of the associated costs on your tax... Read More
In the rush to get tax returns prepared and filed by April 15th, many overpay their taxes. Following are a few tax reduction tips that could help you save a bundle.Tax Credit For Starting A Small Business Pension PlanEstablishing a pension plan can help you retain important employees. What many... Read More
"What we've got here is a failure to communicate." --Strother Martin in Cool Hand Luke Statutory Law Governments pass laws, it's what they do. It is the job of others to interpret the laws that Parliament has made. Statutory Construction It is "presume[d] that the legislature avoids superfluous... Read More
Assume a buyer in Pakistan downloads software from the Internet for a 30-day trial. If he likes the software, he submits his credit card information and receives an authorization code that allows him unrestricted use of the software. Assume the software in this case was developed by a company in... Read More
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As we enter mid-March, taxpayers begin to become very interested... Read More
Does your incorporated business pay alternative minimum tax ["AMT]? If... Read More
Taxpayers have two easy and convenient options for getting copies... Read More
While accountants are reaching for aspirin, millions of Americans are... Read More
Misconceptions, misinterpretations and just plain "untruths" are floating about income... Read More
Most people trying to make a crust online (or offline... Read More
On June 3, 2005, the IRS released guidance on charitable... Read More
The United States is a nation of entrepreneurs. There are... Read More
Each year, the IRS lists various scams taxpayers get caught... Read More
As your business grows, you are going to need help.... Read More
We all love to criticize the IRS, don't we? And... Read More
Ever wish that, as a business owner, you knew exactly... Read More
The knock on the door from a Tax Inspector is... Read More
Deducting Your Auto ExpensesAuto deductions are a very complex topic.... Read More
It's a moment every person dreads. You pick up the... Read More
Employers often ask employees to designate the amount of tax... Read More
Running a home based business reaps many wonderful tax deductions... Read More
Donating your used car to charity is a win-win situation;... Read More
As a sole proprietor, it's wise to familiarize yourself with... Read More
In trying to comply with tax laws for your e-business,... Read More
Adding Your First Additional Stream of IncomeMost new wealth builders... Read More
In the latest Star Wars episode, the evil empire executes... Read More
OverviewIn the Pre-Budget Report of December 2003 the Chancellor Gordon... Read More
Many small businesses complain when confronted with the expense of... Read More
NOTE: This is the first in a series of 5... Read More
As a small business owner or self-employed person, one of... Read More
Yes, the tax season is upon with the first filing... Read More
For many business owners the answer to this quandary is... Read More
"Settle for Pennies on the Dollar! IRS debts settled for... Read More
Strategic planning throughout the year results in a minimal tax... Read More
Managing a business small, medium or big requires you to... Read More
The means and types of businesses have transformed with advent... Read More
Someone once remarked, "Next to being shot at and missed,... Read More
The Sarbanes-Oxley Act, also called the Public Company Accounting Reform... Read More
Does your incorporated business pay alternative minimum tax ["AMT]? If... Read More
Employers often ask employees to designate the amount of tax... Read More
If your like many, you don't always understand what people... Read More
As a gentleman was leaving my class recently, he wanted... Read More
Ever wish that, as a business owner, you knew exactly... Read More
Let's assume that you would like to begin saving for... Read More
According to the IRS, taxpayers underpay their taxes by some... Read More
One can never underestimate the enthusiasm that politicians have for... Read More
OverviewIn the Pre-Budget Report of December 2003 the Chancellor Gordon... Read More
At the present time a company incorporated in the Isle... Read More
Choosing the right tax preparer for your business is a... Read More
The Internal Revenue Service is reporting that the difference between... Read More
Practically every small business has receivables that it cannot obtain... Read More
In trying to comply with tax laws for your e-business,... Read More
The means and types of businesses have transformed with advent... Read More
The 100 year old investment-banking firm of... Read More
Reservists called to active duty and enlistees in the armed... Read More
Why a Corporation Helps Save You TaxesThe Tax Rates (Notice... Read More
As tax time approaches, many home-based business owners begin completing... Read More
Does this scene sound familiar? It's April 7. You haven't... Read More
Someone once remarked, "Next to being shot at and missed,... Read More
Misconceptions, misinterpretations and just plain "untruths" are floating about income... Read More
Yes, the tax season is upon with the first filing... Read More
While accountants are reaching for aspirin, millions of Americans are... Read More
Anyone who is closely related to an accountant knows that... Read More
One of the most important, but least understood or appreciated... Read More
Deduction of Refinance PointsAny points that you pay in the... Read More
In a past article I relayed the plight of the... Read More
"Depreciation." For business owners, this word is the one most... Read More
Self-assessment relies on taxpayers voluntarily meeting their tax obligations. This... Read More
How about a Tax Tip?As we all know Taxes are... Read More
Running a home based business reaps many wonderful tax deductions... Read More
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