Nobody’s perfect. Including (as if you didn’t know) the IRS. But when they make a mistake, the IRS admits it and this can be very good news for you. You see, in the past, the IRS said that after December 31, 2008, single-member LLCs were subject to corporate payroll tax treatment. Now the IRS and the Treasury Department admit that they did not intend to eliminate the … [Read more...]
Children as employees
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Time to take those last-minute tax deductions
The clock is ticking and soon it will be 2012. Which is why you should act now and check out the proven end-of-year tax-planning strategies I highlight in my new article. These last-minute tax planning ideas can help you create or push more deductions into this year so your 2011 tax bill will be lower. Lots of extremely useful information is waiting for you in my new … [Read more...]
How to choose the right business entity?
Is your business entity providing you with the greatest possible tax-deductions? Does it provide you with adequate protection from liability? If answers to these questions are important to you, (and they should be!) don’t miss my new article. It will explain how the four basic business entities produce tax deductions and provide liability protection. You’ll also learn … [Read more...]
The right way to deduct your employee party
Want to throw a party for your employees? Go ahead and have a ball, but be sure you use the right deduction category! HINT: Don’t deduct your party as regular “business entertainment.” Instead, learn how the tax law gives you a 100% deduction for your employee party and other employee entertainment. My advice? Before you break out the champagne, read my new article titled … [Read more...]
How to set up a Roth IRA college fund
It’s a fact. Business ownership can give you fat tax deductions for hiring your children and, at the same time, give your children tax-free income. And that’s just for starters. If you handle things right, your children can open Roth IRAs where they can invest their tax-free income in a college fund. Want to learn how to take advantage of this extremely attractive tax … [Read more...]