The Key 27 Words Describing What You Can Deduct
BUSINESS OWNERS PAY CLOSE ATTENTION TO THE FOLLOWING KEY TWENTY-SEVEN (27) WORDS DESCRIBING WHAT YOU CAN DEDUCT FOR YOUR BUSINESS AND EMPLOYEE BUSINESS EXPENSES: The 27 words are found at the start of...
View ArticleYou can’t afford to ignore my advice if you have a small business.
You can’t afford to ignore this advice if you own a small business For the last 28 years I have worked with small businesses to reduce their taxes and prepare their tax returns. In other words I do tax...
View ArticleChoosing a Tax Preparer-We don’t all get the same result.
My fees are very reasonable. You will enjoy doing business with me. I chuckle sometimes when someone calls and wants to pay next to nothing for a professionally prepared tax return. Word of warning:...
View ArticleThe 13 Entrepreneur Concepts
The Thirteen Entrepreneur Concepts 1. You must become the best in your profession. There are those who look the best, talk about the best, expect the best, and perform the best. Guess what they get? 2....
View ArticleTwenty-One Reasons Why Businesses Succeed
1. An active written business plan 2. Effective control over costs 3. Strategic pricing of goods sold 4. Promotion of a strategic public image 5. Implementation of technological aids 6. Professional...
View ArticleHow to Audit Proof Your Tax Return.
When it comes to acquiring real estate there are three rules; location, location and location. When it comes to audit proofing your tax return there are also three rules; documentation, documentation...
View ArticleWhat is the Number One tax strategy that will save you money year after year.
Most taxpayers are “cash basis” taxpayers, meaning you report income in the year you receive it and you report deductions in the year that you pay them. It is that simple. Thus the “Number One” tax...
View ArticleStandard Mileage Rates for business use of a vehicle.
For 2011 the standard mileage rate for business use of a vehicle is 51 cents for January through June and 55.5 cents July through December. For 2012 the rate is 55.5 cents per mile.
View ArticleThe most misunderstood tax form there is
The W-4 is the most misunderstood tax form there is in my opinion. As I type this, I am in the heat of tax season and time and time again I see so many people tremendously overwitheld in taxes or...
View ArticleWant to know what an IRS notice means?
If you ever receive an IRS notice, there is a Notice Number in the right hand corner. Use this guide to deteremine what the IRS notice means. Notice Number Description Topic CP02H You owe a balance...
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