Category Archives: tax reduction strategies
Free Report – 30 New Tax Breaks of 2010 Tax Relief Act
The recently passed Tax Relief Act of 2010 has many tax breaks that affect both individuals and businesses. CCH has released an awesome 11-page free report that provides all the details. The first 5 pages are all about personal tax … Continue reading
Christmas Gift Ideas That Will Slash Your Taxes
How’s the Christmas shopping going? Have you bought anything for yourself yet? Here’s a few gift ideas that won’t cost you a dime, because you’ll save so much money by reading these books and implementing their advice, you’ll get back … Continue reading
How To Drive The IRS Crazy
The IRS just announced the mileage rates for 2011: — 51 cents per mile for business miles driven — 19 cents per mile driven for medical or moving purposes — 14 cents per mile driven in service of charitable organizations … Continue reading
How to Reduce Your Taxes by Being an S Corporation
Looking for an effective tax reduction strategy for your small business? This article explains how to reduce your taxes by choosing to be taxed as an S corporation. First, a question: What do all the following small business owners have … Continue reading
Is It Too Late This Year To Incorporate Your Sole Proprietorship?
As the year comes to an end, perhaps you’ve been wondering whether you should form a corporation for your sole proprietorship. Another popular option is to form a limited liability company (LLC) and choose to have the LLC taxed as … Continue reading
Small Business Tax Tips – What Does it Take to Pay Zero Taxes?
How many times have you heard someone say, “I don’t pay any taxes. My accountant takes real good care of me…I haven’t paid a dime in taxes in years.” Does that outrageous statement sound familiar? (As David Letterman used to … Continue reading
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Spring Time Tax Savings Idea
With warmer temperatures upon us, here’s a springtime tax savings opportunity for you and your family…… It’s Yard/Garage Sale Season and perhaps you’ve been thinking about having one. Here’s a better idea that will: — get rid of all your clutter once … Continue reading