Not much time left for year-end tax planning, but there are still some things you can do. Let’s get to it, because you don’t want to spend your time reading a blog! You’ve got work to do.
Tip #1: If you don’t have a business, start one. If you start one today, you can immediately take a deduction for business expenses. A business expense is anything that is ordinary and necessary to the production of income.
Some overnight biz ideas:
16 January 2010
If you haven’t yet checked out the coaching schedule at USTaxAid, take a second to do it here: http://www.usataxaid.com/coaching/ We’ve had a record number of people sign up for the coaching classes and are getting rave reviews. Our next session is January 22nd on C Corporation Tricks and Traps. When you sign up, you get copies [...]
25 January 2010
Every week I do FREE! tax reviews of past tax returns. In many cases, I find easy solutions that would have saved the taxpayer tens of thousands of dollars in taxes each and every year. In a few cases, I can’t find anything and I’m the first one to say that. I never want to [...]
30 July 2010
Instant gratification. For some people, it’s a lifestyle. For business owners, it can be a trap. I see instant gratification in business terms as a deal or a project that makes you money right now. Nothing wrong with that – we’ve all got to keep the lights on and food in the cupboard. And in [...]
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