A Painless Way We All Can Help The Hurricane Katrina Disaster Victims!
Hurricane Katrina was a terrible Disaster. Listening to the News it appears that it will take about 80 Days that's almost 3 Months just to get the water out of the city. Estimates on the rebuilding effort start at 75 Billion and go up from their. They still don't know or even want to guess at a ...
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Home Based Business: Your Ultimate Tax Shelter
Starting and operating your own home based business is
the ultimate tax shelter.Although this article has been written from a Canadian
income tax perspective, the principles should be
practical in other tax jurisdictions.1. Non-Deductible Personal Living ExpensesAll of us have expenses that we ...
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Taxing Your eBay Profits
As a small business person-slash-advice columnist I dread the first quarter of the new year. Not because in my mind my own business fortunes start at zero again every January or because I have already dismissed every New Years resolution I made when the clock rang out the New Year.No, the reason ...
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Tax Reduction Tips
In the rush to get tax returns prepared and filed by April
15th, many overpay their taxes. Following are a few tax
reduction tips that could help you save a bundle.Tax Credit For Starting A Small Business Pension PlanEstablishing a pension plan can help you retain important
employees. What many ...
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Negative Gearing Its Not to Your Benefit!
The concept of negative gearing has been originally developed to encourage real estate investment in Australia by allowing any income losses from property investment to be deductible from other income as a tax benefit. This means that the taxable income of the owner will be reduced after the ...
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Home Buyer 10 Extra Costs Above the Sales Price
1)Mortgage Application, Brokers Fees, and Points These costs can amount to thousands of dollars some like the application fee are poc (paid outside of closing) $200 to $500 depending on the lender. Broker fees a percentage of the loan are sometimes waived or rolled into the mortgage. Points .5% to ...
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How to Maximize Your Home Business Tax Deductions for 2005
Someone once said, the best way to calculate your taxes isHonestly. For 2005, add Smartly to that and youll get to keep more than you make. This April 15th is going to be the day of reckoning for every taxpayer. If you are smart enough with your accounting and keep your eyes and ears open, this ...
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Home Mortgages: Think Before You Borrow
In today's overheated housing market, lenders are making it easier and easier to get a mortgage. For example, some lenders have lowered the credit score needed to qualify for a mortgage. Others have increased the debt load that borrowers can carry or have made it easier for borrowers to get loans ...
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Uncle Sam is Ready...Are You? Organizing Tips for Tax Time
Anyone who is closely related to an accountant knows that there are not four, but five seasons in a year: Spring, Summer, Fall, Winter, and 'Tax Season.' During the other seasons, we accumulate leaves, snow, and mosquito bites. During 'Tax Season' we accumulate paper. And more paper. And if you ...
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What Is Tax Law?
The federal tax code is complex. This complexity generally arises from two factors: the use of the tax code for purposes other than raising revenue, and the feedback process of amending the code.While its main intent is to provide revenue for the federal government, the tax code is frequently used ...
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