Filing taxes can feel like a daunting process at times. Tax laws at the federal, local, state, and foreign levels change constantly, causing potential confusion for taxpayers filling out a return. Turn to a Phoenix tax lawyer for advice; they possess the knowledge and combined expertise of tax, business and litigation to counsel and guide individuals effectively. Their understanding of how the different tax laws interplay helps clients to minimize their tax liabilities.
Tax issues can impact many areas of a person’s life, from estate planning to formation of a new business, and bankruptcy, to name just a few. … Read more at 2011 Tax.
If the idea of being your own boss seems increasingly attractive in these trouble economic times, you’re not alone. Surprisingly large numbers of individuals have taken, or are taking, the leap into self-employment. It seems odd, when the economy is contracting, but it is often the case during recessions that the number of self-employed and new small businesses rises. Small businesses are now leading the way in job creation; with more people facing job insecurity and redundancy, for many the only choice is to create their own job. The idea is attractive at any time, being your own boss … Read more at 2011 Tax.
There are many factors that can devalue your return during tax filing. A bit of preparation each month can saves hours of work later on. This can also net you extra money on your return, which is always a good thing.
There are several ways to prepare for your taxes a little at a time. Here we will discuss a few methods that will save you time when taxes roll around, or save you money if you are paying an accountant by the hour to prepare your taxes for you.
Save Your Receipts
Whether you are a business owner or simply buy supplies for your job … Read more at 2011 Tax.
While it may seem that any bookkeeper or even keeping track of your own books will do, there is much to be said for employing a good accountant for your personal and business finances.
Of course a good accountant will cost a fair amount of money, but in the long run having a capable accountant in charge of the books will save much more money than it costs. A good accountant will be able to see areas where expenses can be reduced as well as those instances where income can be increased. A really good accountant will … Read more at 2011 Tax.
The Stock Market is threatened by Changes in the U.S. Tax Code
The stock market is expected to take a beating if tax rates on capital gains are increased by two thirds. There has been a lot of debate as to whether or not the economy will benefit or suffer because of these changes.
Apart from capital gains taxes, income taxes are also expected to increase. These changes will cause a lot of problems in the future unless the President and Congress agree on contentious issues. These two parties must agree before the year ends.
Investors in the stock … Read more at 2011 Tax.
Your 401K retirement account is something that is very important to your future retirement. However, like many other people you may be considering borrowing money from your 401K account to fund something that is important to you such as starting up a business. It goes without saying that you should never make a rash decision with regards to borrowing from your 401K account, as you could potentially be risking a comfortable retirement by doing this. However, there is sometimes occasions when it can be fine or even advisable to borrow from your 401K account as opposed to looking at … Read more at 2011 Tax.keep looking »