Tilting the Tax Laws in Your Favor.In order to accelerate your movement along the wealth building curve, you absolutely MUST have your own business. I don't care if its real estate investing, a sales company or a service business. But you must own it yourself or with a partner. Why,... Read More
Employers often ask employees to designate the amount of tax withholdings for paychecks. Occasionally, employees will fail to withhold a sufficient amount in the eyes of the IRS. The IRS will then send a "lock-in" letter on the amount to be withheld. What's an employer to do?WithholdingsFour taxes must be... Read More
As a small business owner, it's wise to familiarize yourself with some key deductions that may reduce your tax bill for 2004.Employee Benefit Plans - You may deduct contributions to employee benefit plans (such as health insurance plans and retirement plans). Depending on your circumstances the maximum contribution that you... Read More
Six Urban Myths ? Taxation"I am proud to be paying taxes? I could be just as proud for half the money." ? Arthur Godfrey Temporary Taxation in Canada In 1917, the Income War Tax Act (7-8 George V, Chap. 28) introduced Canadians to a 'temporary' tax on corporate and personal... Read More
In elementary school, kids come up with creative excuses why they did not bring in their homework. "My dog ate it" or "It was stolen by invisible space aliens" might be given as a reason why something was not turned in on time. Don't try those excuses with the IRS!... Read More
It may not be high on the list of wedding planning activities, but there are a few simple steps that can help keep tax issues from interrupting your newly wedded bliss. If you recently married, check out your new tax situation. You might save money or even prevent the problem... Read More
Once a year Canadian taxpayers are required, by law, to file an income tax return in the prescribed form: $150(1).For individuals: $150(1)(d) ITA, they must do so by April 30 of the following year, provided that they owe any taxes or if they are served with a requirement to file:... Read More
All tax authorities to e-commerce transactions should investigate the record retention requirements of each other's respective jurisdictions.In September 1998 Revenue Minister Dhalinal of Canada;"?Interpretation Circular 78-10RS and 779R (Book and Record Retention/Destruction) will be revised to explain the Department's views with respect to the electronic environment. Revenue Canada will work... Read More
Background issues of access to recordsTo assess the records at hosted remote retained out of the jurisdiction of Pakistan root many legal issues which are needed to be addressed. Hereinafter there is description of the emerging legal issue of access to e-records.Lack of statutory provisions for access to electronic data... Read More
Many taxpayers are confused about how long they should keep tax records. The term "tax records" refers to your tax returns and the documents that support the information in the returns. These documents can include receipts, bank statements, 1099s, etc. If you are one of the unlucky few to be... Read More
|
|||||
|
|
|
"Settle for Pennies on the Dollar! IRS debts settled for... Read More
Adding Your First Additional Stream of IncomeMost new wealth builders... Read More
Deducting Your Auto ExpensesAuto deductions are a very complex topic.... Read More
Do you realize that some tax forms ask you to... Read More
Does this scene sound familiar? It's April 7. You haven't... Read More
April 15th looms in front of most people every year... Read More
Background issues of access to recordsTo assess the records at... Read More
You're at your office, or home, and the doorbell rings... Read More
"Deducting Meals and Entertainment"O.K. You've been working really hard on... Read More
Newlyweds and the recently divorced should make sure that names... Read More
It's a moment every person dreads. You pick up the... Read More
If you have recently started an Internet or home business,... Read More
At the present time a company incorporated in the Isle... Read More
Are you in the middle of a disagreement with the... Read More
In trying to comply with tax laws for your e-business,... Read More
Many Americans believe that an IRS debt is a debt... Read More
Emerging Legal issues of Tax compliance of e-business Self-assessment system... Read More
The Internal Revenue Service has certified the 2006 Toyota Highlander... Read More
In elementary school, kids come up with creative excuses why... Read More
So, you were pleasantly surprised to learn that you are... Read More
Q: I was contacted by the city tax collector to... Read More
Over 50% of marriages end in divorce in the United... Read More
When buying a business, how the "purchase price" is made... Read More
In the largest criminal tax case ever filed, KMPG has... Read More
Small Businesses Filing Amended Federal Tax Returns to... Read More
Marketing is a necessary expense in running practically any business... Read More
Strategic planning throughout the year results in a minimal tax... Read More
Hit a big one? With more and more gambling establishments,... Read More
The federal tax code is complex. This complexity generally arises... Read More
We need real tax reform and we need it now.... Read More
Once a year Canadian taxpayers are required, by law, to... Read More
One of the most important, but least understood or appreciated... Read More
The electronic transaction ordinance defines the certificated copies in which... Read More
1812The first attempt to impose an income tax on America... Read More
Anyone who is closely related to an accountant knows that... Read More
Recently, I stumbled across a concept that could change your... Read More
Do you realize that some tax forms ask you to... Read More
In elementary school, kids come up with creative excuses why... Read More
The powers of Congress, and the limitations set upon those... Read More
Deduction of Refinance PointsAny points that you pay in the... Read More
Adding Your First Additional Stream of IncomeMost new wealth builders... Read More
If you are a Small Business Owner or Self-Employed Person,... Read More
April 15th looms in front of most people every year... Read More
Many Americans believe that an IRS debt is a debt... Read More
Most people trying to make a crust online (or offline... Read More
As a gentleman was leaving my class recently, he wanted... Read More
The Internal Revenue Service has certified the 2006 Toyota Highlander... Read More
Tilting the Tax Laws in Your Favor.In order to accelerate... Read More
Does this scene sound familiar? It's April 7. You haven't... Read More
It may not be high on the list of wedding... Read More
Employers often ask employees to designate the amount of tax... Read More
Over 50% of marriages end in divorce in the United... Read More
The 100 year old investment-banking firm of... Read More
Does your incorporated business pay alternative minimum tax ["AMT]? If... Read More
"Settle for Pennies on the Dollar! IRS debts settled for... Read More
Estate taxes. It's not enough to simply know they exist,... Read More
Taxpayers have two easy and convenient options for getting copies... Read More
In the rush to get tax returns prepared and filed... Read More
Many small businesses complain when confronted with the expense of... Read More
Beware of advertisements that claim to settle tax debts for... Read More
One of the most important, but least understood or appreciated... Read More
We need real tax reform and we need it now.... Read More
It's a moment every person dreads. You pick up the... Read More
For many business owners the answer to this quandary is... Read More
An early distribution from an Individual Retirement Arrangement (IRA) or... Read More
Haven't done your taxes yet? No problem. Now there is... Read More
Tax |