What does the tax code mean by the term “income”? The tax law doesn’t care whether you receive income from your business, W2 wages paid by your employer or from an investment you made 3 years ago. It is taxable to you as an individual. Definition of Business Income Besides the obvious, receipt of cash,
There are quite a few ways to get cash, compensation or benefits out of your company. Each method may have different tax implications and of course, there is no single set of tax-savings strategies that work for everyone. However, if you stick to the “reasonable” test authored by the IRS (ordinary and necessary expenses paid
In This Issue: Video: Four Options for Choosing a Home Based Business White Paper: Home Based Business Tax Deductions White Paper: Time Management for Home Based Businesses
How We Help Real Estate Investors: Investing in Real Estate with Cheri Hill How we help Real Estate Investors What Do Successful Investors Really Buy?
In This Issue: Video: August Update – Business Ethics White Paper: Why Asset Protection Must Be A Life-Long Process White Paper: The #1 Wealth Protection Planning Mistake
In This Issue: Video: Business Ethics White Paper: Leverage Your Ethics as a Competitive Advantage
A home based business provides numerous opportunities to convert personal non-deductible expenses into deductible business expenses. For many home based businesspeople, taking the home office deduction is a major financial incentive to start businesses in their home, and it can have a significant and positive effect on the home ased business’s financial position. To qualify
Working from home may sound like fun, but what happens when the 1,000 distractions get in the way, or you're simply feeling unproductive? Your business is going to suffer. Here are six time management tips to ensure greater success: 1. Create a sustainable routine that signals the beginning and the end of the work
Do successful investors prefer properties in perfect condition or that need fixing up? Do they like residential or commercial, downtown or in the suburbs, manufactured, brick or wooden frames, exteriors painted brown or gray? While any of these choices may describe a particular individual’s comfort zone, the true investor treats the physical property as a