Your Kids Can Reduce Your Taxes and Get Rich
Business / Taxes
Aplus Legal Advice | 2022.09.03 00:35 |
692 views
One often-overlooked tax benefit for business owners is putting their kids to work in their business.
If you are self-employed, you can take advantage of this by paying your kids $4,000 each for performing services in your business. The business gets a tax deduction for the compensation and that saves taxes on the parent’s tax return. Also, there is no Social Security or Medicare Taxes due on the wages you pay to your child.
When Do You File a Tax Return?
Business / Taxes
Aplus Legal Advice | 2022.09.03 00:47 |
744 views
The first known income tax that Americans were legally required to pay was enacted during the 1860s, and the Presidency of Abraham Lincoln. The Civil War was proving very costly to fund, and the President and Congress created the Commissioner of Revenue and enacted a law requiring citizens to pay income tax.
Value Added Copywriting
Business / Copyright
Aplus Legal Advice | 2022.09.06 14:09 |
757 views
I know a preacher that can burn any pulpit down within an hour. His sermons cause the greatest stirs and responses in his audience, and he really can keep his congregation awake. But there is one tiny problem. Ask many of his listeners what they think about his sermons, and they will quickly respond with only words of acclamation. Follow those questions with a request for what the sermon was about and you are met with only blank stares.
Using This Year’s Taxes to Save On Next Year’s Taxes
Business / Taxes
Aplus Legal Advice | 2022.09.03 01:00 |
790 views
You just got done paying taxes or filing an extension and are grumpy. If you are smart, you will use this miserable event to save some cash for next year.
Using This Year’s Taxes to Save On Next Year’s Taxes