Learn how to deduct club dues for taxes withexpert tax advice in this free online self employment tax deduction video clip. Expert: Tom Choistnet Bio: Tom Choisnet was born, raised, and educated in San Bernardino, California where he has his practice today. Filmmaker: Nili Nathan
Home base business tax benefits live on blogtalkradio.com guest Monique Alvarez
When I am asked how I would structure a stock trader, I look at it from three different primary goals. First of all, I am trying to minimize the taxes. Second, I am trying to protect that stock trading account from liability in the event of a lawsuit. Finally, I am trying to avoid probate taxes, probate itself, or estate taxes. So, when I am looking to put together a structure for a stock trader, the first thing we will focus on is putting together an entity to hold our trading account. That entity will either be an LLC or a limited partnership, limited liability company or a limited partnership. That is where our trading account will go. Then, in conjunction with the trading account, we also want to use a corporation. This corporation will be the manager of our limited liability company or it will be the general partner of our limited partnership. We use the corporation in conjunction with the limited liability entity to give us tax benefits. Corporations are great vehicles for tax deductions. They have lots of deductions that are relative to our business that we want to be able to capture. Finally, we will put and hold all of these entities inside a living trust, which is what we will use to prevent probate and minimize our estate taxes. So, we will use the corporation in conjunction with our limited liability company for tax savings, we will use our limited liability entity for lawsuit protection, and we will use our living trust to avoid probate and minimize estate taxes.
seattletaxhelp.org Advice on small business tax planning. -
www.Profit95.com Watch this video from a cash flow analysis coach of a cash flow management coaching program for business owners. Find out how it can help your business – even if you think you have everything covered! Here are some typical examples of common cash flow problems business owners would like to get solved. They want to know 1 – How to increase income & profits 2 – How to control cash flow better 3 – How to pay off credit card debt 4 – How to get ahead of the 8-Ball on paying expenses 5 – How to pay for business expansion, and 6 — how to get money into savings to build long-term wealth. Bottom line, they are tired of being controlled by how much money they have in their bank account. They want to reverse that so they are in control of their cash flow. The Professional coach quickly identifies the necessary solution and works directly with the business owner on the problem to get it fixed in a very short time and offers ongoing support if it is needed. Here are a few examples of the tools that I use in my cash flow management coaching I Review the financial situation to identify areas of concern in cash flow management to identify areas where spending seems too high and can be cut back without harming production, and areas where spending seems too low to adequately support production of income and acquiring new customers I identify categories where spending could possibly trigger an IRS audit in the future, and categories that are missing that could potentially …
turbotax.intuit.com Nothing to deduct? The IRS has just the form for you. In this video you will learn if you qualify to file your taxes with form 1040EZ and tips for filing.
Steve’s special guest, Ken Davis, CLU, ChFC, CFP, CPA. Ken Davis is the former president of the Phoenix Chapter of the Society of CPAs and has taught continuing education for the Arizona Society of CPAs on life insurance and annuities. AXA 1040 Transparency Overlay — use it over a 1040 form to illustrate the client’s need. Lincoln Benefit Life Two Page Tax Summary for 2012 Tax Digest for Producers — this 100 plus pages digest addresses the main issues in tax code that can help you explain basic taxation items and tax favored products for more net spendable income. Business owners are frequently frustrated by the limits on 401(k) plans (what I call K plans and Roth K plans) for owners and key employees. Owners basically get to add 2% to the company’s average employee contribution rates for their personal K plan contribution limit. For example, if the employees as a whole contribute 3% of total wages to the K plan then the owners and key employees will be able to put about 5% into a K plan. And, the maximum voluntary contribution is $17000 this year for each and every employee. Many owners were set back by the bad markets and want to put a lot more money away into tax benefitted plans. So what are their options? Some relatively new qualified plan rules may allow owners to put about 85% of total contributions into their own accounts using a hybrid defined benefit and defined contribution plan. Seek out a qualified retirement plan administration company to help set up one …