Article Categories

[ 1 ]   2    3    4    5    6    7    8    9   Next 

1

Starting a home-based business on the Internet is easy you say.You have your web page built, your affiliate links and you'reready to go. Not really, you need to make sure you have all youri's and t's crossed when it comes to taxes.Getting StartedFirst, you will need to register your business name withthe city government. When I registered my business name with thecity I was charged $11 -- so expect to pay a small fee when filingthis legal document with your local goverment.Second, you need to apply for an Employer IdentificationNumber with the Department of the Treasury (IRS). To file for an EIN,you will need to complete Form SS-4. ...

2

(ARA) - The IRS publishes a lot of tax information to help small business owners and there are many ways to get it. You can always visit an IRS office to pick up copies of IRS forms and publications, although the IRS continues to make it easier for you to get these materials without leaving your office or maybe even your home.The IRS will send you forms and publications free of charge when you call them at 1-800-829-3676 with your request. Normally, you will receive the materials within 10 days, although there is another way to get tax materials right away.If you have access to a personal computer, you can browse and download IRS forms ...

3

(NC)-There are no estate taxes or succession duties in Canada. However, taxes upon death have not disappeared. When a person dies, there is a 'deemed disposition' of all capital property. What does that mean? It means that the government treats all your property (unless jointly held) such stocks, bonds, RRSPs, real estate, etc as sold at fair market value on the day of your death. Your estate will be required to pay capital gains tax on that property. This applies to your RRSP if you do not have a spouse to whom you can transfer it. Careful planning can reduce or defer the taxes owing. Without an estate plan, you could lose nearly half of ...

4

Running a home based business reaps many wonderful tax deductions that other businesses some times may not claim. Unfortunately to many small business owners end up paying the government taxes every year because they are unaware or several small business deductions that are available.Most of the time any expenses that are related to your business can be added as a deduction on your taxes. If you do not pay taxes through out the year, deductions can help you from paying a large amount of taxes each year and can also adjust earned income. Try to avoid paying large amounts of taxes or owning any money by keeping track of simple ...

5

As a sole proprietor, it*s wise to familiarize yourself with the some key deductions that may reduce your tax bill for 2004. Small-business consultants generally recommend that you hire an accountant to prepare your tax returns, payroll and financial statements. But you should also meet with your accountant well before the year-end rush to discuss such matters as tax planning, and record keeping for tax deductions.Seven common small business tax deductions:1. Employee Benefit Plans - You may deduct contributions to employee benefit plans (such as health insurance plans and retirement plans). Depending on your circumstances the maximum ...

6

If you are in the home buying or selling market, it?s important to understand the difference between tax assessment and appraisal value. Concentrate on the appraisal value because this determines your asking price.Understanding Tax AssessmentThe tax assessment is a tool local governments use to exact a property tax rate on residents. The local government determines your home?s worth by reassessing the homes in the area you live in periodically. Some areas reassess every 2-3 years. But with today?s booming real estate market, the National Association of Realtors estimates 60-70% of U.S. tax assessments do not reflect the escalating ...

7

That Monaco is crowded with celebrities is no piece of news. Since 1869, when the personal income tax policy became favorable, Monaco attracted very many individuals with high net income, such as movie stars, sporting stars etc. who became residents of the Principality in order to benefit from personal income tax exemption.Take, for instance, Roger Moore, Shirley Bassey, Ringo Starr, Karen Mulder, Eva Herzigova, the race drivers Jacques Villeneuve, David Coulthard, Jenson Button.But the number of celebrities is far outnumbered by the number of business people who enjoy the country's tax facilities: the retail tycoon Philip Green and ...

8

The American Jobs Creation Act of 2004 imposed strict new rules on non-qualified deferred compensation plans. Beginning in 2005, deferred compensation programs that are not in compliance with the new rules may be taxed as wages, slapped with a 20% excise tax, plus charged an interest penalty.Given the potentially huge tax consequences for non-compliance with the rules, you should consult with your organization?s benefit specialist and your tax professionals to figure how your compensation might be affected by these new rules.Deferred compensation plans are often used to provide for the deferral of salary, incentive compensation (i.e., ...

[ 1 ]   2    3    4    5    6    7    8    9   Next