The United States is a nation of entrepreneurs. There are literally tens of millions of self-employed individuals that enjoy pursuing their dream business. Of course, few of you enjoy the paperwork and confusing tax issues that arise from owning your own business.
Tax Credits for Retirement Savings
It is a well-known fact that Americans are miserable failures when it comes to saving for retirement. Well, the government is offering tax credits to change this for some of us.
Tax Laws The IRS Doesn’t Want You To Know About
Most People Are Not Aware That We Have Two Tax Systems.
One is for employees, which was created to take your wealth, and one is for small businesses that was designed to create economic growth. By being aware of the second you will save thousands of your hard earned money.
Tax Tips For eBay Sellers – Turning Personal Expenses Into Business Expenses
Few people realize that starting a side-business on eBay is actually a great way to save money on your taxes. The trick is to make sure youre putting all the additional expenses you incur against your additional income. Running an eBiz allows you to take numerous deductions that can add up to a lot of savings.
Deduct Your Home Office
By definition, if youre an eBay seller, you have a home office. You have to have a space thats used exclusively for business, whether i…
The Role Of A Tax Collector
The County Tax Collector is as independent government agency and is elected for a four-year term in the Presidential election year. It is essential that a County Tax Collector is independent to ensure that it can serve the taxpayers, local businesses and local and state agencies correctly.
The duties of a County Tax Collector are:
Collecting property taxes for every local government agency with the power to levy taxes
Serving the state as an agent for the Depa…
Uneducated Tax System v. Educated Tax System
If you are making $35,000 a year this could save you up to $10,000. That means it does not matter if you are making millions of dollars or a few thousand dollars. These strategies apply to you!
What You Really Need To Know About Nanny Tax
If you are considering hiring a nanny to care for your children then there are a few important considerations about nanny tax which you need to take into account. Read on to find out more.
When it comes to hiring a nanny one of the most important considerations will be the expense. Whilst having a nanny may seem like the best solution to your childcare needs, if you cannot meet the monthly expense it is an option which quickly becomes invalid. You would be forgiven for ini…
Your Tip Earnings and Taxes
If you work in a service where you get tips, guess what? The IRS expects you to report them and pay taxes on them.
Overview of the Almighty Tax Deduction for Small Businesses
Taxes are the great bane of most businesses. Alas, tax deductions act as a salve to cool the burning and itching of your bank account.
Small Employers Rejoice IRS Simplifies Filings
One of the largest burdens on very small employers is dealing with taxes. Fortunately, the IRS has taken a major step to reduce this burden.
Tax Credits for Toyota Hybrids To Be Cut In Half
If you purchase a new hybrid car after January 1, 2006, you can get a major tax credit for doing so. Alas, the tax credits applicable for Toyota hybrids are about to be cut in half.
Tax Magic: How To Turn Taxable Income Into Tax-Free Income
Believe it or not, there are ways to convert taxable income into non-taxable income, without any fear of an IRS audit.
Here’s one of my favorites. It’s been part of our tax code for over 30 years, yet many still don’t take advantage of it.
What am I talking about?
The IRA — Individual Retirement Account.
Now, before you say, “Oh, I know all about that one; what’s so great about an IRA?”, give me 10 minutes to explain 3 new benefits to the IRA rules that you may n…