Archive for Taxes
Updated Information for 2010 179 Deduction Limits for Small Business Taxes has been published. Business tax deductions are important in order to offset high business taxes levied against small business owners and entrepreneurs. Business owners, particularly, single proprietors are often hit with high tax bills because of the Self Employment Taxes. Self-employment taxes, or SE Tax, is so high because... Read more→
A great tax saving strategy, particularly for higher-income taxpayers is to start a small business. Many expenses that are not deductible for regular Federal Income Taxes are deductible to a business. For example, the mileage deduction is not deductible for personal driving purposes, and mileage driving to work is also not deductible. However, mileage driven for business purposes is tax deductible. While... Read more→
Ah, November, when the American mind turns toward Thanksgiving, Christmas shopping, and strategies to avoid paying too much taxes for 2009. Yes, you should be doing tax planning year round to achieve the maximum savings on taxes, but reality isn’t always so kind. Still, there are some end of year tax moves that are smart and some that just aren’t worthwhile tax strategies when you add... Read more→
How To Pay Less Taxes Next Year
CommentsSave more receipts. That is how to pay less money on your taxes next year. You wanted something more amazing didn’t you. So do most people, which is why they buy books and magazines and secret kits and then pay the same amount of taxes as they did last year. This year try something different. Just save more receipts. When it comes time to file your taxes you won’t... Read more→
Today is April 15. For those of you from non-US countries, that probably doesn’t mean much. To us Americans, today is Tax Day, the deadline to file my tax returns. If you’re working at the last minute then you might be looking for last minute tax tips. Of course, what many people really want to know is what happens if you don’t file your taxes by the deadline and is there... Read more→
