Tax Strategies and Hidden Costs of Employees vs. Outsourced Labor

Business Tax Advantages You’ll Want to Learn About Sooner than Later In this progressively more competitive international marketplace, major corporations are evaluating potential business tax advantages of raising shareholder value significantly by establishing outsourced production processes. Outsourcing offers the potential to improve production greatly, but it is also fraught with risk. One of the greatest challenges involved is answering the question of whether or not
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Categories: BUSINESS TAX STRATEGIES.

10 Powerful Business Tax Strategies for Your Business Tax Return

Are You Using these Business Tax Strategies? It’s no revelation that everyone wants to save money on taxes using those elusive business tax strategies. Small businesses, however, without the same protections some individuals and most large corporations enjoy- need to look carefully each year to secure new methods of minimizing their tax burdens. While the methods available to small businesses may be obscure, they could even
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Categories: BUSINESS TAX STRATEGIES.

Tax Strategies for Real Estate

Having an understanding of our tax system can put money in your pocket by maximizing opportunities allowed by the Tax Code. This includes those in real estate businesses. In the following, we highlight seven issues regarding common business expenses that may cause dramatic differences in how much you pay in taxes. Example 1: Choice of vehicle purchase. Buying a business vehicle for $50,000 may provide
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Tax Strategies

10 Business Tax Strategies to Consider for 2015   Consider incorporating your sole proprietor or partnership. By operating your business through an S corporation, you may be able to save a lot of money in self-employment taxes (if set up properly) and reduce your chance of an IRS audit.   Have your corporation reimburse you through an accountable plan. If you use your personal auto
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Business Tax Strategies

Strategic planning to save money on taxes. The amount of taxes that you or your business must pay will vary greatly depending on the way that your business is structured and which planning concepts are put into action.  A good plan can allow your business to be taxed in a more favorable manner and allow you to convert money that you are already spending into
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Which Business Tax Planning Strategies Will Save You Big Time in 2018?

Business tax planning strategies can be a good idea, but it’s crucial that you start planning now. Nobody wants to get gouged on taxes. But all too often, business owners don’t think about their taxes until the end of the year, and then a mad scramble begins. Avoid all that hustle and bustle by planning in stages throughout the year. Business tax planning strategies can
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Categories: BUSINESS TAX STRATEGIES.

The 3 Most Important Estate Planning Strategies to Protect Your Wealth and Your Family

Looking for estate planning tips? Here’s what you need to know to protect your wealth. It’s common for people to put off the task of estate planning. However, it’s important to take a proactive approach to the process to protect your wealth before it’s too late. Maybe it’s the unpleasantness of thinking about one’s mortality. Or maybe it’s the fact that the process seems complicated.
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Categories: TRUSTS, ESTATES & FIDUCIARIES.

The 3 Most Effective Estate Planning Strategies You’ve Been Looking For

Looking for effective estate planning strategies? Here’s what you need to know. By using effective estate planning strategies now, you can save your family time, energy, and money. With proper planning, your family will owe less money to legal fees and taxes. This means more of your estate gets transferred to your family, where it belongs. However, you shouldn’t make your plans alone; estate taxes
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Categories: TRUSTS, ESTATES & FIDUCIARIES.

Using Tax Software Revisited: The Pros and Cons of Doing It Yourself!

Is using tax software ever a good idea? A flood of new software and apps hit the market each year, all promising to make your tax returns a quick and easy process and to save you oodles of money. You may find the concept of using tax software an interesting idea, especially if you can save as much money as the advertisements claim. Let’s take
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Categories: SACRAMENTO PERSONAL TAXES.

The Ugly Truth About Changing Your Tax Bracket

What is a tax bracket, and what does it mean for you? The United States federal income tax utilizes a progressive – or tax bracket – system to determine how much singles or married couples will pay in yearly taxes. Since the implementation of the American Taxpayers Relief Act, the IRS divided the taxpayer population into seven tax brackets, determined by the amount of personal
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Categories: SACRAMENTO PERSONAL TAXES.