Import duties continue to be significant elements in the cost of international trade. Yet many companies and businesses still pay more duties than the law requires ? which impacts adversely on landed cost and ultimately on business profitability. A planned approach to managing customs duty costs would look to eliminate,... Read More
Strategic planning throughout the year results in a minimal tax balance. The objective of planning your tax payables is not to prevent paying taxes, it is to pay no more than your fair share of taxes, and keep your money where it earns you the most.If you aren't aware of... Read More
Many small businesses complain when confronted with the expense of complying with the Americans with Disabilities Act. Most do not realize that there are a number of tax incentives available to offset the costs. Importantly, one tax incentive comes in the form of a tax credit, which is far more... Read More
"Settle for Pennies on the Dollar! IRS debts settled for $20 Wipe out the Penalties with an Offer"-such is the language of Offer-in-Compromise promoters. What they fail to tell you is that one has to qualify for an Offer and few taxpayers will be able to meet the tough standards... Read More
Self-assessment relies on taxpayers voluntarily meeting their tax obligations. This concept is recognised in all tax statutes, which sets out taxpayers' primary obligations, and clearly spells out that taxpayers are required to determine the amount of tax payable correctly and to pay it on time.Disclosure in this context serves two... Read More
If you have recently started an Internet or home business, your probably a little intimidated by having to submit a tax return and the possibilities of being audited. Simply follow these guidelines and rest assured that filing your next tax return will go smoothly.Get yourself an accounting ledger bookletThe first... Read More
One way to maximize your business profits is by reducing your taxes. Frequently, income and other taxes could be lowered significantly if only the taxpayer were willing to plan ahead. By taking some simple steps to rearrange your affairs, you could save a fortune!1. Are You Splitting Your Business Income?You... Read More
As a sole proprietor, it's wise to familiarize yourself with the some key deductions that may reduce your tax bill for 2004.Small-business consultants generally recommend that you hire an accountant to prepare your tax returns, payroll and financial statements. But you should also meet with your accountant well before the... Read More
Your days as an entrepreneur and businessperson are consumed with one primary activity; making money. Whether you think in terms of growing your business, getting the word out there, or some fancy new marketing technique, your days and weeks and months in business are focused on that one group of... Read More
NOTE: This is the first in a series of 5 articles: "Small Business Tax Traps and How To Avoid Them"If you're a sole proprietor, perhaps you've considered incorporating your small business or self-employment activity.And so maybe you've been wondering, "When is the best time to incorporate?"From a legal standpoint, any... Read More
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Your days as an entrepreneur and businessperson are consumed with... Read More
The Internal Revenue Service is reporting that the difference between... Read More
QUESTION: I have been contacted by my local city... Read More
Someone once remarked, "Next to being shot at and missed,... Read More
If you paid someone to care for a child so... Read More
Deduction of Refinance PointsAny points that you pay in the... Read More
If you are a Small Business Owner or Self-Employed Person,... Read More
Taxpayers have two easy and convenient options for getting copies... Read More
As we enter mid-March, taxpayers begin to become very interested... Read More
A Federal Tax Lien (FTL) is a legal instrument that... Read More
Newlyweds and the recently divorced should make sure that names... Read More
If your identity is stolen, your finances can quickly become... Read More
Have you been thinking about incorporating your small business or... Read More
Managing a business small, medium or big requires you to... Read More
Most people trying to make a crust online (or offline... Read More
Emerging Legal issues of Tax compliance of e-business Self-assessment system... Read More
As a sole proprietor, it's wise to familiarize yourself with... Read More
We need real tax reform and we need it now.... Read More
The Sarbanes-Oxley Act, also called the Public Company Accounting Reform... Read More
As teachers and students head back to school following a... Read More
One way to maximize your business profits is by reducing... Read More
1812The first attempt to impose an income tax on America... Read More
Employers often ask employees to designate the amount of tax... Read More
Import duties continue to be significant elements in the cost... Read More
"Depreciation." For business owners, this word is the one most... Read More
With the massive losses caused by Katrina, the economy of... Read More
While there are many equally valid reasons to incorporate, saving... Read More
On June 3, 2005, the IRS released guidance on charitable... Read More
It's a moment every person dreads. You pick up the... Read More
Six Urban Myths ? Taxation"I am proud to be paying... Read More
Why a Corporation Helps Save You TaxesThe Tax Rates (Notice... Read More
Does your incorporated business pay alternative minimum tax ["AMT]? If... Read More
Assume a buyer in Pakistan downloads software from the Internet... Read More
If your like many, you don't always understand what people... 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
We need real tax reform and we need it now.... Read More
At the present time a company incorporated in the Isle... Read More
Someone once said, 'the best way to calculate your taxes... Read More
As everyone in the U.S. knows, we have just passed... Read More
If your identity is stolen, your finances can quickly become... Read More
While there are many equally valid reasons to incorporate, saving... Read More
As tax time approaches, many home-based business owners begin completing... Read More
To tax or not to tax - this question could... Read More
Why a Corporation Helps Save You TaxesThe Tax Rates (Notice... Read More
Knock-Knock-KnockWho's there?The IRS!The next quarterly payment of estimated income tax... Read More
Once a year Canadian taxpayers are required, by law, to... Read More
According to the IRS, taxpayers underpay their taxes by some... Read More
As an employer, you must pay employment taxes if you... Read More
One can never underestimate the enthusiasm that politicians have for... Read More
We all love to criticize the IRS, don't we? And... Read More
Ever wish that, as a business owner, you knew exactly... Read More
With the massive losses caused by Katrina, the economy of... Read More
The Sarbanes-Oxley Act, also called the Public Company Accounting Reform... Read More
It's a major fear for most Americans: A notice from... Read More
Statistics for IndividualsUnfortunately, the IRS increased its rate of auditing... Read More
It may not be high on the list of wedding... Read More
April 15th looms in front of most people every year... Read More
"Depreciation." For business owners, this word is the one most... Read More
QUESTION: I have been contacted by my local city... Read More
How Home-Based Businesses Can Avoid Giving Uncle Sam... Read More
While accountants are reaching for aspirin, millions of Americans are... Read More
Over 50% of marriages end in divorce in the United... Read More
Q: I was contacted by the city tax collector to... Read More
Are you in the middle of a disagreement with the... Read More
A Federal Tax Lien (FTL) is a legal instrument that... Read More
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