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Hire Your Children in Your Small Business to Save on Taxes
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Hiring your children in your business can be a great tax savings strategy, as well as a way to teach your children about business and money.
Wages paid to your children (between the ages 7 and 17) are a valid business deduction, as long as they do bona fide work, and they are compensated fairly.
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Fairer Tax System: Reduce Complexity and Increase Compliance
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Reducing complexity in tax laws will increase compliance and create a fairer tax system.
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Mind Your Own Business – Inheritance Tax and Business Property Relief
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A recent decision by the Special Commissioners in Belfast highlighted a distinction between Agricultural Property Relief (APR) and Business Property Relief (BPR) that is of importance to anyone who owns agricultural land. The case has the snappy title of “Philip Norman McCall and Bernard Joseph Anthony Keenan (personal Representatives of Eileen McClean deceased) v The Commissioners for HM Revenue and Customs”, and it dealt with APR and BPR.
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A Christmas Without Cash
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Okay, my illustrious readers, I want you to sit down and come with me on a modern day horror story that will leave you quaking in your boots – I promise!!
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Tax Guy Talks: I'll Start With the Children
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Read this article my friends and understand what has happened to our economy. When something like this happens, it helps to get back to the basics of life and a free market system. By reading this article, your children will gain a basic understandign of what is wrong with our wonderful and great country.
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Tips to Completing Your Taxes
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It is almost that time of year that people love or hate. It is the time of the year when we receive our tax statements and get ready to file. Are you ready?
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Tax Planning 2008: Welcome to My Show!
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It's not too late to engage in some tax planning for 2008. Find out what you can do to save on income tax and improve your financial situation. Remember, you can do whatever you want, by my way is better.
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The Fuel Tax and the Future it Holds
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Presently there are financial and environmental problems related to fuel prices. The pros and cons are weighed and a conclusion is derived when all factors are considered. While the removal or reduction of a fuel tax may seem to help people financial in the short run, maintaining or increasing the tax will probably result in the greatest benefit for everyone involved.
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What Will a President Obama Mean to My Taxes?
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With the current turbulent financial situation and a new chief executive preparing to take the oath of office very soon, many of us are wondering what impact our new President will have on our taxes.
Read about the tax positions announced by President Elect Barack Obama during his campaign.
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2008 Year-end Tax Planning for Individuals
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The end of 2008 is coming up fast. With the year drawing to a close, now is an ideal time to review your tax situation and evaluate strategies that may help minimize your tax bill.
Once December 31 passes, your 2008 tax bill is essentially set. Taking certain steps before then can make a difference.
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