- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
How are distributions from mutual funds taxed? What happens when they are reinvested? How are capital gains on sales of mutual funds determined? This Financial Guide provides you with tips on reducing the tax on mutual fund activities. Table of Contents Tip #1: Keep Track of Reinvested Dividends Tip #2: Be Aware That Exchanges of […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
There are a number of tax vehicles for turning charitable desires into tax deductions. While these techniques are quite complex, they can with the proper guidance provide substantial tax deductions. This Financial Guide provides an introductory view of the ways to maximize your tax deduction while satisfying your charitable goals. Table of Contents Planned or […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
This Financial Guide discusses the rules that apply when you contribute property–as opposed to money–to charity and is meant to provide general information. Contact your tax advisor if you need tax planning assistance. Table of Contents Determining Fair Market Value Contributions Subject to Special Rules Donating Property That Has Decreased in Value Donating Property That […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
Since charities ask for larger and more frequent donations from the public these days, soliciting by mail, telephone, television, and radio for example, they should be checked out before you donate money or time. Here are some tips on how to maximize your charity dollar and avoid scams. Table of Contents Giving Your Time Mail […]
- October 25, 2013
- admin
- Strategies, Tax Strategies for Business Owners
Tax Planning For Small Business Owners Tax planning is the process of looking at various tax options in order to determine when, whether, and how to conduct business and personal transactions to reduce or eliminate tax liability. Many small business owners ignore tax planning. They don’t even think about their taxes until it’s time to […]
- October 25, 2013
- admin
- Strategies, Tax Strategies for Business Owners
One of the biggest hurdles you’ll face in running your own business is staying on top of your numerous obligations to federal, state, and local tax agencies. Tax codes seem to be in a constant state of flux making the Internal Revenue Code barely understandable to most people. The old legal saying that “ignorance of […]
- October 25, 2013
- admin
- Strategies, Tax Strategies for Business Owners
Don’t overpay your income taxes by overlooking expenses which you are entitled to deduct. Use this Financial Guide to ensure you are handling your business travel and entertainment costs in a tax-wise manner. Table of Contents Travel Expenses Entertainment Expenses How Do You Prove Expenses Are “Directly Related”? How Do You Meet The “Associated With” […]
- October 25, 2013
- admin
- Strategies, Tax Strategies for Business Owners
Table of Contents 1. IRA Funding Trick 2. Determine the “Best” Retirement Plan for You 3. Make Your Landlord Pay For Improvements 4. Deduct Home Entertainment Expenses 5. Deduct Holiday Gifts Without Receipts 6. Deduct Your Home Computer 7. Have Your Company Buy You Supper 1. Did you know you can use your previously funded […]
- October 25, 2013
- admin
- Strategies, Tax Strategies for Business Owners
Under the IRS rules, a taxpayer is allowed to deduct expenses related to business use of a home, but only if the space is used “exclusively” on a “regular basis”. To qualify for a home office deduction you must meet one of the following requirements: Exclusive and regular use as your principal place of business […]
- October 25, 2013
- admin
- Strategies, Tax Strategies for Business Owners
How would you like to legally deduct every dime you spend on vacation this year? This financial guide offers strategies that help you do just that. Tim, who owns his own business, decided he wanted to take a two-week trip around the US. So he did–and was able to legally deduct every dime that he […]