What are our lawmakers in Congress up to these days? Not much. For example, they haven’t decided yet whether or not they’ll retroactively enact bonus depreciation and the higher Section 179 expensing limits for 2015 purchases. But lawmaker’s inactivity shouldn’t keep you from buying a new vehicle for your business right now. It really might not pay to wait for Congress to … [Read more...]
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Why your business may be worth more than you think!
[This is Part 1 in a series on selling your business the smart way] Thinking about selling your business and reaping the profits from years of hard work? Here’s good news… It may be worth more than you think, especially if you’re including intangible assets like customer lists, proprietary software, and goodwill. But remember this important fact: The more valuable … [Read more...]
How to open the door to a world of new deductions
When it comes to claiming tax deductions, your personal assets aren’t of much use. That’s why savvy taxpayers convert those personal assets to business use and in that way, slash their tax bills. Want to learn how you can make the conversion too… and benefit big time? It’s easier than you think as you’ll learn when you read my new article titled Tax Tips: Unlock the … [Read more...]
Title your vehicle the right way and save!
Shakespeare asked… “What’s in a name?” Murray Bradford answer… “A nice tax deduction!” That’s right. As you’ll learn in my new article, you can create big tax deductions for your business just by knowing whether to title your car or truck in your personal name or in the name of your corporation. How much money is involved? Well, you can generate hundreds or thousands of … [Read more...]
How a new IRS rule allows property owners retroactive deductions for prior year property fix ups
Attention property owners! This year only, the IRS will let you take extra deductions for certain renovations you made to your business or rental property in prior years! That’s right. The new law gifts you retroactive tax benefits (also known as cash)! EXAMPLE: Say you made major repairs on your property some years ago at a cost of $50,000. Thanks to the new rules, the IRS … [Read more...]