Planning ahead to make filing your yearly taxes isn't all fun and games. We've comprised a list of seven tax planning strategies that could help you save thousands of dollars in 2010. After all, saving money, and knowing what to provide your accountant is valuable information for everyone. If you set out to search for ways to save money generally you can find them. However, you must do them in order to potentially save thousands of dollars. It's...more
Many individuals look to April 15 every year with dread. For small and large corporations, it's not any different. No matter what type of taxes you're filing, there are many ways to make the process easier. Here are seven keys to success with corporate tax preparation.Know Your DeductionsBusinesses can deduct all "ordinary and necessary" business expenses. In order to take advantage of these write-offs, make sure to keep track of all your...more
A great fantasy football team is comprised of having the best pick of players from the National Football League (NFL). We're here to help you, as an owner of a future fantasy football championship team, make a clear decision on whom to pick for your team. It should be anyone from this pool of top fantasy player rankings. Now, a fantasy football owner must have a top fantasy player ranking roster and it should include all the NFL positions including a running back, a quarterback, tight end, wide receiver, the whole defensive line, as well as the kicker. Choosing the right team, based on real time statistics, will be the factor that may lead the owner to gain fantasy points at the end of a fantasy football week. To help you out a bit in your decision of choosing the top fantasy player ranking in this competitive game, we have listed the top three playing National Football League quarterbacks who you need to put in your roster. Top NFL Fantasy Player Ranking: Tom Brady He is one of the popular American football quarterbacks and he has done amazing work for the New England Patriots. This 33 year old is entering his 11th season with the Patriots and his career stats are as impressive...more
The S corporation is great for small businesses due to the fact that it eliminates double taxation of the standard corporation. S corporations get some appealing tax benefits while at the same time allows business owners to avail of liability protection of a corporation. In this form of company organization, the income as well as losses are passed...more
Similar to state income taxes, for Regular Tax purposes you are allowed a deduction for property taxes that you pay. Under the AMT, however, you are allowed no deduction for property taxes. This problem affects more than 90 percent of all folks stuck in the Alternative Minimum Tax, so it is something that you definitely need to look at.Property...more
Even though tax season has come and gone, it is never too early to begin thinking about next year. Many have probably already gotten their tax returns and will not even think about the entire filing process until next April.For those procrastinators out there, you probably will not even be interested in reading this. But as a fellow procrastinator to another, it might be a good idea to skim over this article.I can't even begin to describe to you the amount of times that I have put off something because I can always "finish it tomorrow". There is always another day to get something done, right?Most of these times were during my high school and college years. Pulling an all night study session or staying up for 24 straight hours to finish a research paper is quite common among college students.Some of us even try to use the phrase that we "work better under pressure" and that is why we wait so long before we attempt to start writing our paper. It is like our brains are shut off until the last possible moment until we absolutely have to start writing. Did we not learn as early as elementary school that there is a process to writing? How did it go again?There are about five different...more
http://www.taxhelp.pannipa.com/2009/12/21/irs-tax-help-you-are-eligible-for-reduction-of-sentence/IRS Tax Help – You are eligible for reduction of sentence? By: Ramiro Junior About the Author About Author LG 42ld550 ...more
http://www.taxhelp.pannipa.com/2009/12/03/payment-plan-irs-tax-help-how-can-a-payment-plan-with-the-irs-in-back-taxes/Payment Plan IRS Tax Help – How can a payment plan with the IRS in back taxes By: Ramiro Junior About the Author ...more
Tax- a part of income accounted as deductionEvery earning above the rebate able limits is taxable. This limit is decided by the finance department and revised annually. It is counted in deductions made on the income of a person through any source....more
China's new Customs tax on personal mail, which begins September 1, will effectively end the practice in Hong Kong of earning commissions for sending packages to Mainland China.The new regulations will impose an import tax on personally mailed...more
If you think your SMSF deed allows you to circumvent excess contributions tax - think again. The ATO has recently published a Taxpayer Alert which examines the effect of provisions in some SMSF deeds that attempt to avoid excess contributions tax....more
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