10 Tax Tips to Reduce Costs and Increase Income

No one likes paying tax. Everyone understands that tax is a necessary evil and that without it our government would not be able to afford our roads, health services, education, welfare system etc. However you are not obliged to pay more tax than that for which you are legally liable.

Here are some tips to keep your tax down:

  • Reduce all stock to levels and cut costs.
    Never carry excess stock because that is money that is sitting on the shelves and not in your bank.
  • Clear out stock that is slow.
    Clear stocks and turn them into cash. If necessary reduce your prices and turn stock into cash rather than have it sitting on the shelves or in the warehouse. Best to cut your losses and use the cash to buy in stock that does sell.
  • Reduce rental costs.
    Cut your rental cost by letting out or letting go space that are excess to your requirements. Talk to your landlord about what you can do. It may be that you can obtain approval to rent out areas that you don't need.
  • Pay your bills on time but not before the due date.
    Do not pay your bills too early because having the money sitting in your bank will reduce your bank fees and interest costs. Make use of any early payment discounts offered and, where necessary, if the funds are short talk to your suppliers and see if they would allow you extra time to pay.
  • Make sure you are making a profit on your sales.
    The correct profit margin you put on to your products is critical and will determine whether you will be profitable or not.
  • Use your credit card.
    Credit cards often have an interest-free period so make use of it. Advantage can be taken of this fact by using your card to pay some expenses and then paying the credit card on the due date. The result is that you effectively obtain an interest-free period through the use of this facility.
  • Dump and no longer stock products that are not profitable.
    Check your product range and discontinue all slow moving stock that is not generating profit. It is far wiser turning poor products into ready cash and using that cash for those products which provide a profit contribution.
  • Look after your customers.
    No customers mean no business. Your customers are critical to your success, so look after them. Satisfied customers will keep coming back to buy. Unhappy ones will never be seen again. When they stop coming back, sales will be lost and your business will suffer.
  • Reduce credit to customers.
    Don't sell on credit unless you have to. Provide credit to customers who are regulars and who support the business all the time. Give credit to those who pay their bills on time. Late payers should be dropped as the costs of servicing them will drain your profits.
  • Keep all papers.
    Remember papers are "worth more than money". Keep a record of all claims you make and all receipts to justify those claims. It is very important for you to write/record in your working papers the basis or reasoning or viewpoint relating to every claim you make. If your basis is sound but wrong then you will have a better chance to resist any claim for tax avoidance or evasion directed at you. If you have no basis at all and no thought given to how you arrived at the claim made, and your claim is rejected, you could be up for the "high jump" and be charged with the intention to evade tax.

  • Copyright 2005 StartRunGrow
    http://www.startrungrow.com

    StartRunGrow (http://www.startrungrow.com) is a global online information organization that specializes in creating, developing and marketing business help information specifically with the aim of "making business easier" for entrepreneurs around the world. The StartRunGrow objective is to become a dominant player in the business help arena providing end to end solutions for the millions of small and medium businesses worldwide who continue to struggle daily with the difficulties of starting, running and growing a successful business.

    In The News:

    How to correct mistakes made at the time of paying income tax  Economic TimesAt the time of filing income tax return (ITR), if there is any income tax payable pending, then you are required to pay it before completing the process of ITR filing.
    The new tax plan |India Today Insight  India TodayThe Modi government considers a Donald Trump-style overhaul of India's direct taxes to increase compliance and reduce 'tax terror'.
    Stimulus package: How the rollback of surcharge works  BusinessLineNo relief for other capital gains, such as the sale of unlisted equity shares, debt instruments, salaries, income from house property, business income, and other ...
    India needs single corporate tax rate of 25%: report  LivemintNEW DELHI : The Indian government should move towards a simple tax structure with a single corporate tax rate of 25%, without any surcharge or cess above it, ...
    View: NDA government could reform India's regressive taxation philosophy  Economic TimesBy Puja Mehra Key direct taxation proposals in the July 5 budget triggered a sharp precipitation in business and market sentiment. On Friday, finance minister ...
    Govt withdraws higher surcharge tax on FPIs and domestic investors  Economic TimesThe FM said Rs 70000 crore will released upfront to PSU banks for additional credit facilities.
    Govt gives businesses four months to settle indirect tax disputes  LivemintNEW DELHI : Businesses can now settle their pending disputes relating to central excise duty and *service* tax within four months starting 1 September under the ...
    Small startups may not get promised tax holiday  Economic TimesNEW DELHI: Indian startups with turnover in excess of Rs 25 crore may have to pay income tax even though they may be eligible for the three-year tax holiday ...
    Enhanced limits to reduce pending direct tax litigation in one stroke  Business StandardA recent circular (number 17/2019) issued by the Central Board of Direct Taxes (CBDT) on August 8, 2019 is in one stroke set to dramatically reduce pending ...
    Will a new direct tax law push up compliance?  LivemintNumerous amendments over five decades, as well as the influence of case laws, often made it difficult to interpret the rules.Mint takes a look at what the new ...
    How to claim and track income tax refund  LivemintThe only way to get an income tax refund is to file your income tax returns (ITR).It is important to keep an eye on processing of ITR and refund claim status.
    How a small tax-paying elite funds the Indian state  LivemintThe top 1% individual taxpayers contribute nearly one-third of India's taxes, while the top 5% contribute nearly two-thirds of all the taxes collected.
    Govt panel gets time till Monday to submit direct tax code report  LivemintThe panel, led by CBDT member Akhilesh Ranjan, was earlier required to submit its recommendations on Friday.The new direct tax code will try to simplify tax ...
    Direct Tax Code may help bring change in mindset of taxpayers, authorities  Business StandardThe report by the panel on the Direct Tax Code, currently under the consideration of the government, is believed to have suggested several measures to reduce ...
    Got an income tax notice? Now you can check if it is real or not  Economic TimesYou can now check if the income tax notice or order that you have received is genuine or not. The income tax department has launched a facility on its e-filing ...
    Policy | Put an end to tax terrorism  Moneycontrol.comAbhijit Kumar Dutta. The unfortunate death of Cafe Coffee Day founder V G Siddhartha last month has left an unlikely sufferer — the income tax department.
    Govt forms committee to rationalise additional taxes on Aviation Turbine Fuel  MoneycontrolThe Aviation Ministry has formed a committee to rationalise additional taxes that airlines have to pay while uplifting Air Turbine Fuel (ATF) at airports across India ...
    Solution to India’s economic malaise lies in cutting taxes and regulation  BusinessLineRather than lower the role of government, Modi has stepped up regulations and enforcement to draconian levels all to justify good governance.
    In relief to tax-payers, 2 more ITR forms will be pre-filled from FY21  BusinessLineTwo more forms for filing Income-Tax Returns (ITR) will be pre-filled from the next financial year (FY21), which will provide relief to taxpayers who do not seek ...
    Income Tax filing: Here's what'll happen if you miss ITR filing last date  Business TodayIf you still haven't filled your Income Tax Returns then you must act fast! August 31 is the deadline to file your I-T Returns. If you fail to file your taxes then you will ...
    Income Tax Department issues checklist to trace unaccounted demonetisation cash  Economic TimesNEW DELHI: In a bid to seize illegal cash, the Income Tax Department has issued a 17-point checklist to tax commissioners across the country to track those ...
    Direct tax committee calls for major changes to reassessment rules  Business StandardThe government-constituted task force for re-writing the direct tax legislation has suggested major changes in provisions for reopening and reassessment, in a ...
    ITR forms with pre-filled investment data soon  Economic TimesPre-filled forms will soon be able to pick salary breakup directly from an individuals Form 16.
    Software firms want SEZ sops to stay, seek tax cut  Economic TimesPropose extension of Special Economic Zones benefits for 20 more years; cite lower tax in other nations.
    Cheer for the startup sector as FM relaxes angel tax rules  LivemintBENGALURU : Finance minister Nirmala Sitharaman said startups registered with the Department for Promotion of Industry and Internal Trade (DPIIT) will be ...
    Study: Franklin County has second-lowest tax burden in state  NNY360For the second year in a row, a financial advice website has designated Franklin County as having the second-lowest tax burden among counties in New York ...
    Small startups with turnover up to Rs 25Cr to get promised tax holiday: CBDT  YourStoryIn a statement, the CBDT stated that startups will continue to receive the tax holiday as specified in the Section 80-IAC of the Income Tax Act, 1961.
    The Moneycontrol Show | Investing in NCDs, Direct Tax Code, Market Strategies  MoneycontrolSantosh Nair, Editor, Moneycontrol wraps the week's market action.
    British citizens born in US risk having UK bank accounts frozen  The GuardianTens of thousands of British citizens born in the US but who left when only a few months or years old risk having their bank accounts in Britain frozen because of ...
    In Reversal, Trump Says He Is No Longer Considering Tax Cuts  The Wall Street JournalPresident Trump ruled out a cut in the payroll tax and also said he wasn't looking to reduce capital-gains taxes by indexing gains to inflation.
    Grandfathering clause to provide partial tax relief to foreign investors  India TodayIn a major relief to Foreign Portfolio Investors (FPI) hit by budget proposal to levy higher surcharge on income tax, the government is considering a plan to ...
    Trump's wild week of tax ideas continues with new promise if GOP sweeps in 2020  NNY360President Donald Trump on Saturday promised to cut taxes if Republicans win the White House and retake the House of Representatives next year, saying he ...
    How a Totally Hypothetical Payroll Tax Cut Would Impact Your Paycheck  Lifehacker AustraliaFor a portion of this calendar week, President Donald Trump considered cutting payroll taxes. “I've been thinking about payroll taxes for a long time,” he told ...
    Sajid Javid will 'simplify' the tax system in first Budget  BBC NewsChancellor Sajid Javid has said he wants to simplify the tax system ahead of his Budget in the autumn. In his first interview since becoming chancellor, Mr Javid ...
    DTC panel's proposals may focus on cleaning up, making tax code more efficient, says A Prasanna  MoneycontrolThe focus of the Direct Taxes Code (DTC) panel, which has submitted its recommendations to finance minister (FM) Nirmala Sitharaman, is likely to be on ...
    European Council President Warns EU Will Retaliate If Donald Trump Taxes French Wine  HuffPostEuropean Council President Donald Tusk warned Saturday that the European Union will retaliate if President Donald Trump pushes forward with his threatened ...
    Amazon is under scrutiny for not paying federal income taxes. Here's how it got its tax burden down to less than $0.  Business InsiderAmazon recorded a net federal tax credit for 2017 and 2018 and the company has paid a low tax rate for years. Here's how it did it.
    Brave New World: Uncle Sam is taxing robots as companies invest in advanced tech  New York Post Uncle Sam is padding the Treasury with millions of dollars to assess bots at the same time that corporations invest more in advanced technology and ...
    Income Tax Returns filing: DIAL to help 1200 taxi drivers file I-T Returns for free at Delhi airport  Business TodayThe Delhi International Airport Limited (DIAL) has announced that as part of its social responsibility, they will help 1,200 taxi drivers in Delhi-NCR file their ...
    What is Direct Tax Code? Report likely today  LivemintThe new direct tax code will try to make personal income tax rates more 'progressive'.Prime Minister Narendra Modi had last year told tax officials that the old ...
    US to strike back against France's digital tax on tech firms  Aljazeera.comAfter French president approves digital tax targeting US companies, Trump threatens 'substantial reciprocal' action.
    GST on electric vehicles, chargers slashed  BusinessLineThe Goods & *Service* Tax (GST) Council on Saturday decided to lower the duty on all electric vehicles (EVs) and the charger for such vehicles. This is the ...
    Tighten scrutiny of tax exemption claims on farm income: CAG to I-T Departement  LivemintClaims of tax exemption on farm income have attracted the attention of the Comptroller and Auditor General of India (CAG), which has called for greater efforts to ...
    Finance Ministry to cut tax on prize post PM nudge  Economic TimesNEW DELHI: The Finance Ministry has withdrawn the tax exemption it had granted to the cash prize of Rs 1.3 crore received through the Seoul Peace Prize by ...
    Income tax changes to 'cheaper' home, auto loans explained in 10 points  LivemintFinance Minister Nirmala Sitharaman today announced a host of measures to revive the economy and shore up market sentiment, including steps to bring down ...
    Tax resolution, amnesty scheme announced  The HinduThe government has announced a new scheme aimed at eliminating the bulk of pending tax dispute cases besides providing partial amnesty to those having tax ...
    Nicotine-free 'vape juice' will not escape new taxes  The NationalUAE issues new information amid growing concern about safety of e-cigarettes.
    Lawsuit: Ark Encounter Didn't Pay Its Fair Share of Taxes, Hurting Local Schools  PatheosThere's a local battle brewing in Grant County, Kentucky between Ark Encounter, the Grant County Board of Education, and the local government.
    Abolish income tax, hike FD interest, cut it on loans: Subramanian Swamy  Moneycontrol.comSwamy made the remarks when asked if the steps taken by Finance Minister Nirmala Sitharaman would revive the growth.
    10 salary components that can help employees reduce tax burden  Economic TimesYour salary structure consists of several components which can help you reduce your tax burden. While some of these components are fully or partially taxable, ...
    Capital gains: For FPIs, new SEBI norm is a tax-free ‘gift’  BusinessLineRegulator lets them invest from Gujarat Gift city, which enjoys a 10-year tax holiday.
    Trump's banks won't tell court if they have his tax returns  CNNLawyers for Deutsche Bank and Capital One repeatedly refused Friday to tell an appellate court in New York whether the banks are in possession of President ...
    If monthly rent paid is below ₹50,000, there is no need to deduct tax at source  LivemintI live in a flat and the monthly rent is ₹36,000. My employer contributes ₹19,000 towards the rent and I bear the remaining. Should the employer deduct tax ...
    Property assessments rise countywide, could affect property taxes  Journal TimesRACINE COUNTY — After the most recent round of property assessments, homeowners throughout the county have seen a rise in their property values.
    Trump Floats a Tax Cut, Then Calls It Unneeded and Not Imminent  BloombergPresident Donald Trump said “a lot of people” would like a cut in payroll taxes, but the White House isn't likely to immediately reduce that levy -- in part because ...
    All tax letters, notices to carry identification numbers to be verifiable online from Oct 1, 2019  Economic TimesStarting October 1, 2019, all letters and notices from the income tax department will carry a computer-generated Document Identification Number (DIN) which will ...
    You might need to maintain tax returns records for seven years  LivemintIn today's digital age, income tax records can be maintained at little or no expense for long periods of time in a digital format. However, it is important to know the ...
    ATO slugs Shell with $755m bill in fight against multinational tax avoidance  The GuardianExclusive: Senior official says pursuit of resources groups over offshore projects has brought forward tax revenue by a decade.
    Even before vetoes, poll by anti-tax Gov. Dunleavy shows Alaskans, narrowly, favoring more taxes  Alaska Public Media NewsA newly-released poll commissioned by Republican Alaska Gov. Mike Dunleavy's office found that a narrow majority of respondents support raising taxes to help ...
    Red Meat Could Be the Next Sin Tax After Sugar, Fitch Says  BloombergMeat could be a target for higher taxes given criticism of the industry's role in climate change, deforestation and animal cruelty, according to a report by Fitch ...
    'Woo Private Sector, Keep Corporate Tax At 10%'  BW BusinessworldToday, the private sector feels harassed. They, instead, need to be wooed. So many people are going abroad. Create incentives for them. Corporate taxes ...
    FMCG companies seek tax relief on dealer discounts to lift sales  Economic TimesFMCG industry has petitioned to remove GST on amount received by dealers as reimbursement against discounts.
    Radio host criticizes Dems using Bible to push taxes, economic policy  Fox NewsDemocrats shouldn't use Jesus to justify socialist economic policies and doing so cheapens the historic figure, radio host Mike Slater argued on Saturday.
    HMRC targets GSK contractors in UK tax crackdown  Financial TimesUK pharma group GlaxoSmithKline has found itself at the centre of a tax crackdown after authorities accused nearly 1,500 of its self-employed contractors of ...
    Whistleblower gives House Dems evidence of "inappropriate" conduct on Trump tax returns  SalonHouse Democrats say a federal employee has given them evidence of "inappropriate efforts" on Trump tax audit.
    ITR Filing 2019: 5 incomes you must not miss to report in your Income Tax Return for AY 2019-20  The Financial ExpressIt is advisable to be extra careful while filing income tax return this year as even a small mistake can result in the issue of a notice from the Income Tax ...
    Have you filed your income tax return correctly? Find out  Economic TimesHere's a short quiz to help you understand if you are on the right track to file your income tax return.
    German finance minister backs plans for wealth tax: Handelsblatt  Reuters IndiaGerman Finance Minister Olaf Scholz is backing plans for a wealth tax that his Social Democrats (SPD) want to introduce, the online edition of business daily ...
    When Public Schools Rely on Local Property Taxes: Letters  The AtlanticReaders discuss the phenomenon of school districts being isolated from financial resources in their communities.
    Julie Jason: Enrolled agents are another option for tax help  East Bay TimesThis year, it will be important to start the process of interacting with your tax professional early — perhaps even now. Why? Last year's tax-act changes caused ...
    Cut taxes to reduce entrepreneurs’ burden: Kotak Mahindra AMC MD Nilesh Shah  The Financial ExpressOur market is currently compartmentalised in four parts. Super large-caps are trading above their historical average. Large-caps are trading around their ...
    Trump, GOP tax cuts, TCJA opportunity zones were good idea: opinion  INSIDER"Opportunity zones" are designed to try and revitalize distressed communities, and there is some good evidence that may just happen.
    Arun Jaitley, the man who brought India under one-tax regime  India TodayFormer finance minister Arun Jaitley was the man at the forefront of reforms that formed the cornerstone of the first term of the Narendra Modi-led government.
    Monroe Fire Protection District Bloomington Van Buren Merger Taxes Firefighters  Firehouse.comMonroe Fire Protection District officials say the higher taxes resulting from a planned merger of Bloomington and Van Buren townships will increase services.
    We can’t fund the progressive agenda by taxing the 1% alone  Vox.comThe tricky politics of taxing the 1%, the middle class, and everyone in between.
    Trump Says He Can Order Capital Gains Tax Break Without Congress  BloombergPresident Donald Trump said he can cut taxes by indexing capital gains to inflation without congressional approval, a move the White House has been ...
    Naresh Goyal created tax evading schemes to siphon off funds abroad: ED  Business TodayThe Enforcement Directorate on Saturday alleged Jet Airways founder Naresh Goyal "structured" a number of tax evading schemes and siphoned off huge funds ...
    Officials: Global approach to digital tax is still on track  SF GateBIARRITZ, France (AP) — A global attempt by more than 120 countries to find a way to more fairly tax global internet giants is moving ahead despite individual ...
    Deadline For Filing Income Tax Return (ITR) Is Just 9 Days Away: 10 Latest Details To Know  NDTV NewsThe last date for filing of income tax returns for assessment year 2019-20 (financial year 2018-19) is August 31, 2019. Last month, the government extended the ...
    Textile companies seek tax incentives, DBT for farmers  Economic TimesNEW DELHI: Indian textile and clothing industry players say one-third of their production capacity is lying idle due to sluggish exports, poor domestic demand, ...
    Higher alcohol taxes will improve population health and augment UHC funds  BusinessWorld OnlineNoncommunicable diseases have become the leading cause of death and illness in the Philippines. Alcohol consumption is associated with more than 10% of ...
    IMF raises doubts about Indias tax revenue estimates, GDP growth target  Business StandardThe International Monetary Fund (IMF) has posed questions for policymakers in India over steep tax revenue collection estimates for 2019-20 and the ...
    These Portfolio Tracking Tools Will Also Prepare Your Crypto Taxes  Bitcoin NewsTax season is months away, which is why you need to start preparing for it now. Leave everything to the last minute and you'll only end up cursing your.
    Don’t Ban Assault Weapons—Tax Them  The AtlanticThe nation is debating what to do about assault-style weapons, what gun-rights advocates like to call modern sporting rifles. Gun-rights champions argue that ...
    Colorado Collecting Record Cannabis Taxes, but Readers Wonder Where Money Is Going | Westword  WestwordThe state is on track to collect a record amount in marijuana-related taxes in 2019, but some readers think they should be getting more for the money.
    IRS Warnings to Bitcoin Traders Offer Clues to Coming Tax Guidance  CoinDeskThe Takeaway: The IRS' recent warning letters to 10,000 traders offer hints at what its forthcoming guidance on crypto taxes might say. While the letters are not ...
    Trump sues over California law forcing candidates to turn over tax returns  CNNPresident Donald Trump sued California Tuesday challenging a state law that requires candidates for president to disclose income tax returns before they can ...
    Amazon is passing along costs of a new digital tax to thousands of French sellers  CNBCAmazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.
    Man must pay income tax on $15 flea market watch now worth$20,000: Money Matters  cleveland.comI bought a "Rolex" watch at a flea market 20 years ago for $15. Assumed it was a knock off due to the low price. Threw it in a dresser drawer at home and forgot ...
    What is the Capital Gains tax Rate for 2019? And how is it calculated  Business Insider IndiaWhen you have built a low cost diversified portfolio, and your assets value more than what you paid for them, you might have the idea of selling some of your.
    Tax notices to soon carry an identification number  LivemintDIN is likely to improve transparency and bring down the processing time of notices.DIN won't be limited to new tax notices. It will also be issued to all the ...
    Dividend income, partnership firms two ways to reduce income tax liability  Business StandardMumbai-based M K Rajendran (name changed on request), director at a leading private bank, has been calling his chartered accountant regularly since July 5 ...
    ITR filing: TDS related queries answered by income tax department  Economic TimesAt the time of filing your income tax return (ITR) it is important to ensure that all TDS-related details are correctly filed in the form. Consequently, questions ...
    Retain tax sops for genuine R&D  Economic TimesEven as the Direct Tax Code's call to prune tax exemptions is unexceptionable, it would be sensible to retain those for research and development (R&D).
    An error in the excise tax structure  BusinessWorld OnlineAn amendment to the excise tax structure for alcohol and tobacco products recently passed the third reading in the lower house. It will now be deliberated upon ...
    MARKET: Sensex up 228 pts on reports govt may rollback higher tax on FPIs  Business StandardFM Nirmala Sitharaman will address media wherein announcements on steps to revive the economy, clarity on super-rich tax on FPIs, and direct tax code are ...
    Income Tax Department conducts searches at Oberoi Realty, Capacite Infra  MoneycontrolConfirming the development, a senior official of the I-T Department told Moneycontrol there was suspicion on related party transaction within Oberoi and also of ...
    IRS begins tax clampdown on unreported cryptocurrency profits  ZDNetIf you've been trading but not declaring, the tax *service* might be on your case.
    How to show your trading and F&O income in the tax returns?  BusinessLineBL Research BureauFor traders, aside from predicting the stock market, reporting income from intra-day trading or Futures & Options (F&O) in the tax ...

    Save Money on Taxes - Double Your Income Now With Tax Saving Tips on Deductions

    Adding Your First Additional Stream of IncomeMost new wealth builders... Read More

    The Implications of Income Tax Charge on Estate Planning

    OverviewIn the Pre-Budget Report of December 2003 the Chancellor Gordon... Read More

    Corporations Failing To Claim AMT Exemption Overpay Taxes By $11,000

    Does your incorporated business pay alternative minimum tax ["AMT]? If... Read More

    Reducing Taxes Through Dividend-Salary Mix Calculations

    Should I take wages or dividends from my privately owned... Read More

    Taxing Overseas Firms for SOX Compliance

    The Sarbanes-Oxley Act, also called the Public Company Accounting Reform... Read More

    What to Do If You Can?t Pay Your Taxes

    The end of tax filing extensions is quickly approaching. What... Read More

    Amending Procedural Laws for Collection of E-taxation

    The electronic transaction ordinance defines the certificated copies in which... Read More

    How To Get An Extension To File Your Business Tax Returns

    Yes, the tax season is upon with the first filing... Read More

    Are You An Innocent Victim of These Popular Myths?

    Misconceptions, misinterpretations and just plain "untruths" are floating about income... Read More

    Send Your Kids To Summer Camp and Write It Off

    If you paid someone to care for a child so... Read More

    2005 Ford Escape Hybrid Certified For Clean-Fuel Deduction

    If you are environmentally conscious and purchase a 2005 Ford... Read More

    Employment Taxes ? What Are They?

    If you have employees, you are responsible for paying a... Read More

    How To Claim CHILD TAX CREDIT The Right Way And Add An Extra $2,000 To Your Refund

    The U.S. Department of Agriculture estimates that it costs nearly... Read More

    How To Get An Instant Pay Raise

    As a gentleman was leaving my class recently, he wanted... Read More

    The Seven Deadly Tax Sins: Commonly Missed Deductions

    It's that time again, the April 15 tax deadline is... Read More

    Tax Investigation - What You Need To Do

    The knock on the door from a Tax Inspector is... Read More

    Need an Offshore Sales Office in a Tax Free Environment?

    The 100 year old investment-banking firm of... Read More

    Your IRS Tax Appeal Rights

    Are you in the middle of a disagreement with the... Read More

    How to Reduce the Estate Tax Using the A-B Revocable Living Trust

    In a past article I relayed the plight of the... Read More

    Small Businesses Filing Amended Federal Tax Returns to Recover Money

    Small Businesses Filing Amended Federal Tax Returns to... Read More

    Fiscal Deity: Tax Consultant

    Strategic planning throughout the year results in a minimal tax... Read More

    Alas! In E-Commerce Taxland

    In trying to comply with tax laws for your e-business,... Read More

    Tax Secrets - How Drew Miles Helped Me

    How about a Tax Tip?As we all know Taxes are... Read More

    Small Business Tax Deduction - Write-Off Bad Debts

    Practically every small business has receivables that it cannot obtain... Read More

    Tax Reform, My Way

    We need real tax reform and we need it now.... Read More