Once you have a business you can identify with chosen you will need to consider what type of business entity do you want to be? Choosing the business entity type that will work best for you can be mind boggling but let me try to simplify your decision. You may choose from a Sole proprietorship, …
A tax haven is a place where certain taxes are levied at a low rate or not at all eg Seychelles tax for an offshore company is zero. This encourages wealthy individuals and/or firms to establish themselves in areas that would otherwise be overlooked. Different jurisdictions tend to be havens for different types of taxes, …
The risks of committing avoidable tax flaws, especially towards the tax filing deadline, are usually high, some with negative consequences that may even beckon a tax audit or unnecessary delays in returns-processing. Explained below are seven such errors that can be avoided by simply double-checking completed returns before submitting them to the IRS: 1. Wrong …
7 Common Tax Filing Errors and Mistakes to Avoid Read More »
There is a line on the small business tax form asking for your EIN; something required by the IRS in several situations. The common term for EIN is Federal Tax Identification Number. They’re easy to get, and don’t cost a cent, if you know where to go. Let’s take a look at who needs an …
Tax refunds can be thousands of dollars which most people count on getting each year and if you want to keep your refund from the bankruptcy trustee you must read this post. My clients use this money to catch up bills or unpaid utilities; get caught on up the mortgage or rent; maybe a down …
Men and women in the building trade are generally not schooled in the art of running a business, or in keeping records that will satisfy the IRS. But it’s not difficult, once you know how, and can be done in 30 minutes a month. These ten tax tips will help you get started. Tax Tip …
Tax Tips For Self-Employed Contractors In The Building Trade Industry Read More »
