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Need an Offshore Sales Office in a Tax Free Environment?

The 100 year old investment-banking firm of Warburg, Dillon Read (on Park Ave. N.Y.) (now UBS Warburg) has offices in 39 foreign countries - including the Bahamas, the tiny Cayman Islands, Hong Kong and the Channel Islands. Makes you wonder why, doesn't it? Non-resident foreign companies,... Read More

Small Businesses Filing Amended Federal Tax Returns to Recover Money

Small Businesses Filing Amended Federal Tax Returns to Recover Money By Darren Oliver April 15th may be gone but, but certainly not forgotten ? especially if you, like millions of small businesses, unknowingly overpaid your federal taxes and can recover money... Read More

How Home-Based Businesses Can Avoid Giving Uncle Sam More than His Share

How Home-Based Businesses Can Avoid Giving Uncle Sam More than His Share By Darren Oliver With the rush to file your taxes by April 15th, you probably did not consider the possibility that you overpaid.... Read More

Alas! In E-Commerce Taxland

In trying to comply with tax laws for your e-business, you may find yourself falling down the rabbit-hole, going through the looking glass, and attending a Mad Tea-Party.Common sense, logic, and fairness never did apply fully to the field of taxation but this is especially true of e-commerce transactions.1. Canada... Read More

Rearrange Your Affairs For Maximum Tax Savings

One way to maximize your business profits is by reducing your taxes. Frequently, income and other taxes could be lowered significantly if only the taxpayer were willing to plan ahead. By taking some simple steps to rearrange your affairs, you could save a fortune!1. Are You Splitting Your Business Income?You... Read More

Organizing Your Taxes

Does this scene sound familiar? It's April 7. You haven't seen the top of your dining room table in two weeks because of the piles of paid bills, receipts, canceled checks, and unidentified cash register receipts covering it. Your head pounds and your stomach churns as the countdown to April... Read More

Seven Key Tax Deductions for the Self Employed

As a sole proprietor, it's wise to familiarize yourself with the some key deductions that may reduce your tax bill for 2004.Small-business consultants generally recommend that you hire an accountant to prepare your tax returns, payroll and financial statements. But you should also meet with your accountant well before the... Read More

How To Set Up A Tax-Saving Bookkeeping System

One of the most important, but least understood or appreciated aspects of any business is its bookkeeping or accounting system. And, because very few people know much about the reasons for a bookkeeping system, most people are frightened by the thought of the work involved in setting up such a... Read More

Knock-Knock-Knock

Knock-Knock-KnockWho's there?The IRS!The next quarterly payment of estimated income tax for the self-employed is not far off. Network marketers who receive a form 1099 at the end of the year, and/or who are expected to owe $1,000 or more in taxes, must file a form 1040-ES Payment Voucher quarterly to... 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 widow who stated:"I didn't realize what an A-B Revocable Living Trust meant and that it had to be divided between the survivor and the deceased spouse and that I am limited as to what I can use from his share."She... Read More

In The News:

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CNBC
Trump celebrates Supreme Court decision that could force his online store to collect more taxes
CNBC
The Supreme Court ruled Thursday that states are allowed to require online sellers to collect sales taxes — a decision applauded by President Donald Trump, who has long been critical of Amazon's tax practices. But Trumpstore.com, which brands itself ...
Supreme Court Widens Reach of Sales Taxes in E-CommerceNew York Times
A Rough Map To The New World Of Online Sales TaxesPYMNTS.com
Supreme Court rules that states can require online retailers to collect sales taxesWashington Post
Forbes -Ars Technica -National Review -Supreme Court
all 2,780 news articles »

New York Times
Once Cut, Corporate Income Taxes Are Hard to Restore
New York Times
When the federal corporate income tax began in 1909, it was about as low as it could be — a rate of only 1 percent of corporate profits. Over more than 100 years, it has followed a broad hump shape, increasing for about half a century, and then ...

Chicago Tribune
Former owner of Chicago soccer bar Globe Pub charged with pocketing taxes withheld from employees' paychecks
Chicago Tribune
A former owner of one of Chicago's most popular soccer bars has been indicted on federal income tax charges alleging he failed to turn over nearly $200,000 to the Internal Revenue Service that his business had withheld from his employees' paychecks.

New York Times
Amazon Looks at New Sales Taxes, and Shrugs: DealBook Briefing
New York Times
The WSJ reports that state tax officials are already revving their engines, and may act within weeks. President Trump, who has criticized Amazon for dominating e-commerce and eroding American jobs, tweeted support for the ruling. It sounds like bad ...

Wall Street Journal
The Supreme Court on Cellphone Searches, Sales Taxes
Wall Street Journal
Countries such as Kenya and China have rapidly embraced mobile wallets. So why are Americans still reaching for cash and credit cards? We speak to the experts and explore a future where making a payment could be as easy as nodding your head. 18:59 ...

NJ.com
Merging 191 NJ towns won't fix crushing taxes, these experts say. Tell us what you think (POLL)
NJ.com
New Jersey's crushing property taxes are so high because the state is overburdened by local government. 2. Governments in small towns can't support themselves and are a drain on the rest of the state through municipal aid. 3. Therefore, consolidation ...

CNNMoney
Etsy sellers confront unknowns after Supreme Court ruling
CNNMoney
The Supreme Court ruled Thursday that states can compel retailers to collect sales taxes even if they don't have a physical presence in the state, effectively paving the way for more taxes on online shopping. The ruling was praised by some in the ...

and more »

NPR
EU Tariffs Take Effect, Retaliating For Trump's Tariffs On Steel And Aluminum
NPR
The steepest taxes — 50 percent — were imposed on shirts, pants and bedding, made from both cotton and synthetic fibers. Suntanning equipment — sunbeds and lamps — was hit with the same rate, as were washing machines and some electronic devices.

and more »

CNNMoney
Make $100000? Here's where you're likely to get the biggest tax cut
CNNMoney
While the majority of filers will see a tax cut this year, a new Tax Foundation analysis found there are differences in how big the average cuts will be in a given income group based on where filers live. For example, someone with a household income ...

Detroit Free Press
Snyder budgets shifted tax burden from corporations to individuals
Detroit Free Press
LANSING – Gov. Rick Snyder, who signed his final state budget Thursday, has overseen huge changes in how state government raises and spends money — including a massive shift in the tax burden from corporations onto individuals — during his two ...

and more »

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