AMT: The “other” income tax
Everyone as heard from certain political leaders that every American needs to pay their “fair share” in income tax. And in the federal tax code there is a tax arrangement that more or less attempt this goal; it is the…
Saving for retirement, a firm tax strategy
“Never leave that till to-morrow which you can do to-day” Dr. Benjamin Franklin, Ways to Wealth published in Poor Richard's Almanac (1758). Of course this quote by Dr. Franklin can be applied to filing annual tax returns on a timely…
Saving for the self-employed
As it was mentioned in the last blog, that saving for retirement, is always a wise tax planning scheme, because it deferrer's one's income from being taxed until reaching the "golden years" of retirement. For most employees the retirement plan…
Tax planning, it should be done!
During the year, especially during these summer months, most people are thinking of relaxing and planning for a holiday trip, and never thinking about how one’s individual finances are doing, and not planing for the year. So when an individual…
I’m in a financial mess and I need help
So you're a self-employed person, and even perhaps justly recently incorporated your business, and you are going through your records to get either your tax returns completed, or even need to get certain financial statements to a lender for a…
