December 2009 Blogs
If you are thinking about what we could do to improve our financial prospects this new year, then think about this: Save more and invest. Learn how to handle your credit card with new rules coming into effect soon and educate yourself about what lenders or insurers are charging you and your business.
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When a principal residence is foreclosed, the homeowner already in distress might have to pay federal and state income taxes. However, there could be some help available.
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Timing your taxes is important: Accelerate your deductions into the current year and delay your income into the following year. However, watch out.... Read More
With the economy still recovering, you might want to hire independent contractors to help your business instead of hiring more permanent employees, but be very careful.... Read More
Take a vacation from your business. However, notify clients in advance; delegate responsibilities to competent people; take vacation during slow periods; and make your vacation, business related.... Read More
LLC owners who spend a few hours a week on their business, might be able to deduct their losses easier, thanks to new court rulings.... Read More
Asking whether you could pay lower rent for your apartment or business, Do this: Educate yourself about your neighborhood; consider what kind of tenant you have been; consider other alternatives; and track vacancies.... Read More
Your business can take advantage of deductions up to $250,000 in expenses and another 50% first-year bonus depreciation deductions for qualifying new assets in 2009.... Read More
Create or increase business losses in 2009 and carry the losses as far back as 2004, but be careful.... Read More |
Want to get a personal loan in this economy, know where to apply and where to avoid.... Read More
Operations manual brings order to business and standardizes business policies. Let's look at how to write one.... Read More
Rental property owners are likely to have tax losses from their real estate investments. However, deducting such losses might prove difficult.... Read More
In this economy, if you and your spouse can make a gift up to $26,000 to your each child, that generous gift could be used as a down payment on a future home or help with their second mortgage.... Read More
Sell your stocks or other securities if they are worth less than what you bought them for. You can deduct the capital losses against your capital gains and, to some extent, even ordinary income. However, there is a caveat.... Read More
Focus on the problem not on the product or service. Solicit people's input. Explore beyond your spreadsheet and be truthful to investors.... Read More
Owing taxes to your state government, now could be the time to pay it off.... Read More |
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