Tag Archives: taxes

IRS tax

4 Ways To Avoid Waving Red Flags At The IRS

A buddy of mine owned a business back in the day that he was pretty proud of. It was a car repair shop, and he had started it from scratch. It was nothing fancy, just a local, honest shop that people really began to trust over time. He had developed quite a solid customer base over the few years he was open, and then out of nowhere, he shut it down.

tax guide

A guide to good tax and record keeping

Keeping good finances is never easy but it is important. Money is something that everyone deals with but not everyone is good at the more technical aspects of money management.

Likewise, there are additional costs, such as taxes, that need considering. As each financial year comes around it’s important to keep these costs in mind and here are a few ways to help smooth your finances and make a reliable money plan for the future.

Income-Tax-Proposals

Obama and Romney Income Tax Proposals

Federal income tax cut does not necessarily mean more money to the citizens. More often than not it is a mere deceptive political tactic to woo voters and has been long in use during the election season. In 2012 campaigns, both Romney and Obama pledged to extend the famous “Bush tax cuts” with Romney proposing close to a 20% reduction to have the top rate recede from 35% to 28%.

tax time

3 Ways to Avoid Tax-Time Stress in Small Business

When you run a small business, tax time can be an incredibly fraught season. Suddenly, you have to remember where you put everything, you need to produce plenty of records and of course, you need to make sure that you have enough  in the bank to pay off the taxes themselves! Whether you take on the task of the taxes themselves, or you hand them over to an accountant, you’ll find that there are some things that you can do that will help file an accurate tax document.