We are all busy people nowadays. There is often not a lot of time to devote to subjects of this nature, however it is very important to consider developing a financial plan early in your career in order to assure having adequate resources during retirement or at the end of your life. Among the most important aspects of personal financial...
Tags: personal finaical planning
Category: TaxesUncategorized
Hiring your children to work in your business can be a win-win situation for everyone. Your kids will earn money, gain real-life experience in the workplace, and learn what you do every day. And, you will reap a few tax benefits in the process. Before you decide if hiring your child is the right thing for your business, learn if...
Tags: summer hire
Category: Business
If you want to give your tax recordkeeping skills a performance boost, do what accounting professionals do. 1. Maintain a separate bank account for all self-employed business activity. This will greatly minimize confusion come tax time by giving you just one place to look for business transactions. The same is true for credit cards; have a card used solely for...
Tags: recordkeeping
Category: Taxes
If your business is incorporated, it is often a good idea for to own the business real estate through an LLC and lease it to your corporation. This avoids a double tax to the seller upon sale of the real estate. There are a number of other tax and nontax concerns relating to real estate ownership. For the income tax considerations, see...
Tags: corporate real estate
Category: Taxes