Tax Talk
« Previous EntriesHow to Get Tax-Free Profit From Your Rental Home
Wednesday, December 31st, 2008To get tax-free profit from selling a rental property the owner needs to have used and lived in the rental property for at least 24 months out of the past five years. Discover all the requirements to getting tax-free profit from a rental property safely and legally with tips from an experienced tax professional in [...]
TaxPlus - Tax Tips “Business Use of Vehicle”
Monday, December 22nd, 2008TaxPlus1040.Com - Tax Tip Concerning the business use of your vehicle.
37. Transaction Costs
Saturday, December 20th, 2008One of the things that can damage our returns is transaction costs - a brief video on this subject.
Business Use of Your Home
Saturday, December 20th, 2008To deduct expenses related to the business use of part of your home, you must meet specific requirements. Even then, your deduction may be limited.
To qualify to claim expenses for business use of your home, you must meet both the following tests.
1. Your use of the business part of your home must be:
a. [...]
Roni Deutch on FOX Business News
Friday, December 19th, 2008The Tax Lady Roni Deutch gives last minute tax tips to viewers of FOX Business New’s Money for Breakfast.
Barack Obama Attacks Small Business Owners
Thursday, December 18th, 2008Barack Obama Attacks Small Business Owners
Car and Truck Expenses
Thursday, December 18th, 2008If you use your car or truck in your business, you can deduct the costs of operating and maintaining it. You generally can deduct either your actual expenses or the standard mileage rate.
Actual expenses. If you deduct actual expenses, you can deduct the cost of the following items:
Depreciation
Lease payments
Registration
Garage rent
Licenses [...]
Tax savings Home Based Business - Business Use Percentage BUP
Wednesday, December 17th, 2008
http://www.getpaidquick.com
http://www.lessworkmorewealth.com
Tax deductions and savings for the home based business owner are endless. Making money online and tax savings go hand in hand with business owners whether you are online or local.
Business Use Percentages or BUPs are being discuss to learn how to calculate your write off and tax deductions.
Tax savings are beneficial to the [...]
Filing Requirements for Self-Employed Individuals
Tuesday, December 16th, 2008Self-employed individuals, sole-proprietors, independent contractors and persons who have net earnings of $400 or more are required to pay self-employment tax by filing Schedule SE (PDF), attached to their Form 1040, U.S. Individual Income Tax Return. Employees of a church that receive income of $108.28 or more, [...]
Avoid Mistakes in Business Accounting
Sunday, December 14th, 2008
Video from our FREE Online Business Course
http://www.myownbusiness.org
Session 11 Buying a Business or Franchise
Question:
“For the benefit of our students, would you care to tell about your worst mistakes made as an entrepreneur?”
Thomas Mix
Internet Entrepreneur
Topics covered in this video:
Business mistakes, accounting software, taxes, independent contracting
Transcript:
Two things that come to mind: taxes and accounting software. With taxes [...]