"Depreciation." For business owners, this word is the one most likely to inspire headaches and fits of cussing. The expanded provisions of Section 179 are just the medicine you need to cure the depreciation blues.DepreciationTraditionally, if your business property had a life of more than one year, the cost had... Read More
Why a Corporation Helps Save You TaxesThe Tax Rates (Notice anything unusual?):The following tables provide a list of the tax rates for individuals and corporations:Personal: $0-$24,650 15% $24,651-$59,750 28% $59, 750-$124,650 31% $124,651-$271,050 36% $271,050+ 39.6%Tax SecretsCorporate: 0-$50,000 15% $50,001-$75,000 25% $75,001-100,000 34% $100,001-$335,000 39% $335-000-$10M 34%If you... Read More
As tax time approaches, many home-based business owners begin completing their forms or paying their accountants with trepidation. This nervousness comes from two sources: a fear of being audited and a fear of having to pay a lot. For the most part, both of these fears are unfounded.For one, audits... Read More
Background issues of access to recordsTo assess the records at hosted remote retained out of the jurisdiction of Pakistan root many legal issues which are needed to be addressed. Hereinafter there is description of the emerging legal issue of access to e-records.Lack of statutory provisions for access to electronic data... Read More
Many Americans believe that an IRS debt is a debt for life and that the tax collector can hound them to the grave. Thankfully, that is not the case and there are statutory time limits on the ability of the IRS to examine and collect taxes. Taxes do expire at... Read More
We all love to criticize the IRS, don't we? And I'm just as guilty as anyone. It's easy to ridicule a huge organization of government bureaucrats who often seem to be Public Enemy #1.Our negative attitude toward the IRS can lead to a strong desire to just ignore it altogether.... Read More
Tilting the Tax Laws in Your Favor.In order to accelerate your movement along the wealth building curve, you absolutely MUST have your own business. I don't care if its real estate investing, a sales company or a service business. But you must own it yourself or with a partner. Why,... Read More
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
Anyone who is closely related to an accountant knows that there are not four, but five seasons in a year: Spring, Summer, Fall, Winter, and 'Tax Season.' During the other seasons, we accumulate leaves, snow, and mosquito bites. During 'Tax Season' we accumulate paper. And more paper. And if you... Read More
As a small business owner, it's wise to familiarize yourself with some key deductions that may reduce your tax bill for 2004.Employee Benefit Plans - You may deduct contributions to employee benefit plans (such as health insurance plans and retirement plans). Depending on your circumstances the maximum contribution that you... Read More
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Millions of people file tax return extensions every year. The... Read More
OverviewIn the Pre-Budget Report of December 2003 the Chancellor Gordon... Read More
Strategic planning throughout the year results in a minimal tax... Read More
Once a year Canadian taxpayers are required, by law, to... Read More
No one likes paying tax. Everyone understands that tax is... Read More
The knock on the door from a Tax Inspector is... Read More
Estate taxes. It's not enough to simply know they exist,... Read More
IRS Tax forms can be confusing.Am I a 1099 or... Read More
Reservists called to active duty and enlistees in the armed... Read More
A Federal Tax Lien (FTL) is a legal instrument that... Read More
Running a home based business reaps many wonderful tax deductions... Read More
The Internal Revenue Service has certified the 2006 Toyota Highlander... Read More
We all love to criticize the IRS, don't we? And... Read More
April 15th looms in front of most people every year... Read More
On June 3, 2005, the IRS released guidance on charitable... Read More
Tilting the Tax Laws in Your Favor.In order to accelerate... Read More
You've been feeling uneasy (perhaps even guilty) because you've failed... Read More
It's a major fear for most Americans: A notice from... Read More
Emerging Legal issues of Tax compliance of e-business Self-assessment system... Read More
For many business owners the answer to this quandary is... Read More
Misconceptions, misinterpretations and just plain "untruths" are floating about income... Read More
Import duties continue to be significant elements in the cost... Read More
If you have recently started an Internet or home business,... Read More
Have you been thinking about incorporating your small business or... Read More
In a past article I relayed the plight of the... Read More
Your days as an entrepreneur and businessperson are consumed with... Read More
Does this scene sound familiar? It's April 7. You haven't... Read More
Over 50% of marriages end in divorce in the United... Read More
One of the most important, but least understood or appreciated... Read More
All states also have their own tax system. Typically there... Read More
Six Urban Myths ? Taxation"I am proud to be paying... Read More
The U.S. Department of Agriculture estimates that it costs nearly... Read More
As tax time approaches, many home-based business owners begin completing... Read More
If you are environmentally conscious and purchase a 2005 Ford... Read More
The powers of Congress, and the limitations set upon those... Read More
Your days as an entrepreneur and businessperson are consumed with... Read More
Often people fall on hard times and stop paying on... Read More
Most people look forward to getting their tax return, but... Read More
Many small businesses complain when confronted with the expense of... Read More
One of the most important, but least understood or appreciated... Read More
When buying a business, how the "purchase price" is made... Read More
We all love to criticize the IRS, don't we? And... Read More
Reservists called to active duty and enlistees in the armed... Read More
Deduction of Refinance PointsAny points that you pay in the... Read More
The IRS has obtained civil injunctions against more than 100... Read More
If you have employees, you are responsible for paying a... Read More
Six Urban Myths ? Taxation"I am proud to be paying... Read More
"Settle for Pennies on the Dollar! IRS debts settled for... Read More
While accountants are reaching for aspirin, millions of Americans are... Read More
Self-assessment relies on taxpayers voluntarily meeting their tax obligations. This... Read More
The Sarbanes-Oxley Act, also called the Public Company Accounting Reform... Read More
According to the IRS, taxpayers underpay their taxes by some... Read More
Choosing the right tax preparer for your business is a... Read More
As everyone in the U.S. knows, we have just passed... Read More
The end of tax filing extensions is quickly approaching. What... Read More
Knock-Knock-KnockWho's there?The IRS!The next quarterly payment of estimated income tax... Read More
If your like many, you don't always understand what people... Read More
As tax time approaches, many home-based business owners begin completing... Read More
With gas prices at an all time high before Hurricane... Read More
Recently, I stumbled across a concept that could change your... Read More
Taxpayers have two easy and convenient options for getting copies... Read More
Just image, you are a small manufacturing company, business has... Read More
Millions of people file tax return extensions every year. The... Read More
On June 3, 2005, the IRS released guidance on charitable... Read More
April 15th looms in front of most people every year... Read More
Practically every small business has receivables that it cannot obtain... Read More
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