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14 Mar 2014 by

Top 10 Missed Tax Deductions for Business

What are the Tax Deductions for Business ventures?

Did you know if you miss or ignore certain Tax Deductions for Business you could be spending money that you really do not need to. LEGALLY.

Helping people start their own businesses by being a Business Coach & Motivational Teacher. Specializes in legal and tax requirements for forming Profit Organizations, Sole Proprietors, LLC’s and Non for Profit Organizations as well as Small Business, Self Employed & Direct Sales business development, management and tax planning! Also enjoys helping new businesses manage, develop and create systems to maximize their profits and discover who they are created to reach in the marketplace! The preferred Accountant for many high level business owners.

Below are the Top 10 most missed tax deductions.

10 – Cell Phone
9 – Business Start-Up Costs
8 – Bank and Credit Card Processing Fees
7 – Interest on Credit Cards and Business Loans
6 – Vehicle Mileage
5 – Postage and Shipping
4 – Self-Employed Health Insurance
3 – Sales Tax on Items that are Given Away for Free
2 – Section 179 Expanses
1 – S-Type Election

 

One of the simplest ways to reduce your income tax bill is to ensure you’re claiming all of the tax deductions available to your small business. Below you’ll find a comprehensive list of income tax deductions commonly available to sole proprietors, and businesses that are organized as partnerships or limited liability companies (LLCs). Use the links on the left to jump directly to each deduction to learn if it’s relevant to your business, and detailed instructions on how to claim it. And remember, some of the deductions in this list may not be available to your small business. Consult with your tax advisor or CPA before claiming a deduction on your tax return.

 

MORE: Maddie Brown the Conscious Business CPA and Virtual CFO

FINANCEFinance

Filed Under: -FINANCE, Tax Preparation
11 Mar 2014 by

Lori Andrus – The Wisdom of the New Year of 2014

What does this New Year hold for you? Each year is different and will bring about new gifts for each person.

Lori Andrus shares here insights of the gateway between the winter solstice and the new year is a wonderful time for dreaming and creating vision for 2014.

LORI’S WEBSITE: http://www.loriaandrus.com

The New Years Resolution is common in most cultures.

A New Year’s resolution is a tradition, most common in the Western Hemisphere but also found in the Eastern Hemisphere, in which a person resolves to change an undesired trait or behavior, to accomplish a personal goal or otherwise improve their life.

This tradition has many other religious parallels. During Judaism’s New Year, Rosh Hashanah, through the High Holidays and culminating in Yom Kippur (the Day of Atonement), one is to reflect upon one’s wrongdoings over the year and both seek and offer forgiveness. People can act similarly during the Christian liturgical season of Lent, although the motive behind this holiday is more of sacrifice than of responsibility. In fact, the Methodist practice of New Year’s resolutions came, in part, from the Lenten sacrifices. The concept, regardless of creed, is to reflect upon self-improvement annually.

At the end of the Great Depression, about a quarter of American adults formed New Year’s resolutions. At the start of the 21st century, about 40% did. In fact, according to the American Medical Association, approximately 40% to 50% of Americans participated in the New Year’s resolution tradition from the 1995 Epcot and 1985 Gallop Polls. A study found 46% of participants who made common New Year’s resolutions (e.g. weight loss, exercise programs, quitting smoking) were likely to succeed, over ten times as among those deciding to make life changes at other times of the year.

SPIRITUALITYSpirituality

 

Filed Under: -SPIRITUALITY, Free Thought
11 Mar 2014 by

Monica Kenton – Spirituality and Money

Money in and of itself is a sensitive topic. But Spirituality and Money together makes for interesting discussions.

Combine the topics of Spirituality and Money and you might have a fight or at least a disagreement.

For more information about how to make more money while being more spiritual in your unique business, please visit MonicaKenton.com. (Sign up there for your free gift to start you on your path.)

MONICA’S WEBSITE: http://www.MonicaKenton.com

Spirituality and Money

A spiritual life is synonymous with an abundant life. When we allow ourselves to identify as inherently abundant from within, we create abundance in the form of money and wealth in the outside world. 2. Spirituality is about expansion, and so is money.

It’s a common belief that money and spirituality don’t mix: If you’re spiritual, you shouldn’t want money. People who want money are greedy and materialistic.

But this way of thinking is detrimental. In fact, I couldn’t disagree more with these assertions: money does not inherently breed greed and materialism. In my view, money and spirituality actually go very well together, and together can bring abundance into your life. If we feel (even slightly) that money is bad, we’ll have a hard time creating financial abundance in this lifetime.

SPIRITUALITYSpirituality

FINANCEFinance

 

Filed Under: -CAREER, -SPIRITUALITY, Business, Self-Improvement
11 Mar 2014 by

Dane Findley – Bionic Oatmeal (recipe for a tighter waist)

Dane reveals how whole grains ( Bionic Oatmeal ) can sometimes be healthy and can help lean the midsection of the body — when they’re prepared in an optimal way.

Here is Dane’s recipe for bionic oatmeal. This video is from a post, How Eating Flour Can Devastate Your Youthful Appearance.

In today’s busy life of rushing to work, battling traffic, dealing with unpredicted people and many other challenges, it is always enjoyable to relax and take a few minutes to enjoy life.

How can we get ahead in life when everything is moving so rapidly? Before we had planes, trains and automobiles, we had to walk. Then technology presented us with more rapid transportation.

Very similarly, we can embrace systems to automate many other areas of our lives. Microwave ovens, iPhones, internet technology and also passive income streams to fill out bank accounts.

It’s possible. It’s not “easy”, but it IS possible.

Let’s Connect!

BRAD “MagicBrad” GUDIM
www.MagicBradPresents.com

WELLNESSWellness

Filed Under: -WELLNESS, Cooking
9 Mar 2014 by

Intelligent REIT Investing | Real Estate Investment Trusts

Interview Dr. Brad Case, Senior VP with the National Association of Real Estate Investment Trusts about REITs.

A real estate investment trust, or REIT, is a company that owns, operates or finances income-producing real estate. For a company to qualify as a REIT, it must meet certain regulatory guidelines. REITs often trades on major exchanges like other securities and provide investors with a liquid stake in real estate. Read more: Real Estate Investment Trust (REIT)

REITs are not a new financial innovation. Established by Congress in 1960 as an amendment to the Cigar Excise Tax Extension of 1960, REITs operate in a manner comparable to mutual funds as they allow for individual investors to acquire ownership in commercial real estate portfolios that receive income from properties such as apartment complexes, hospitals, office buildings, timber land, warehouses, hotels and shopping malls. Most REITs specialize in a specific real-estate sector – for example office REITs or healthcare REITs. Within this space, REITS must purchase and operate its holdings as a part of its portfolio. In most cases, REITs operate by leasing space and passing on collected rent payments to its investors in the form of dividends.

Individuals can invest in REITs either by purchasing their shares directly on an open exchange or by investing in a mutual fund that specializes in public real estate. Some REITs are SEC-registered and public, but not listed on an exchange; others are private.

Many REITs will invest specifically in one area of real estate—shopping malls, for example—or in one specific region, state or country. Others are more diversified. There are several REIT ETFs available, most of which have fairly low expense ratios. The ETF format can help investors avoid over-dependence on one company, geographical area or industry.

Read more: Real Estate Investment Trust (REIT) https://www.investopedia.com/terms/r/reit.asp#ixzz5NKQK9Bhz
Follow us: Investopedia on Facebook

FINANCEFinance

Filed Under: -FINANCE, Investing
7 Mar 2014 by

Usman Riaz – A Musical Genius train via The Internet

This young musician Usman Riaz was self taught by watching videos on the Internet.

You may wonder how could Usman Riaz learn to play from watching videos online but after you watch this VIDEO you will no longer have a need to wonder.

Watch and BE AMAZED!

Berklee Student Usman Riaz Named TED Senior Fellow. … Born in Karachi, Pakistan, Riaz was classically trained on the piano at age 6, but as he got older he wanted to learn new instruments and styles.

The talented Pakistani musician Usman Riaz, announced on Facebook that he will be tying the knot with his best friend Mariam. The young artiste, known for his extraordinary music talents did not reveal much about the wedding or to-be-wife in the post but he posted a picture of the two beaming and laughing.

In April he posted a picture with her at Regent’s Park, and when people inquired about the girl, he had no reservations telling them that ‘she is my fiancé’.

 

Minneapolis Farmers Market | Fresh Organic Fruits and Vegetables and Magical Entertainment too.

Synergy Collaborative

Filed Under: -CAREER, Entertainment
7 Mar 2014 by

Kristen Hadeed – How to Retire by 20

Kristen Hadeed explains How to Retire in her very early childhood years she had an attraction for a life of entrepreneurial adventure.

In this VIDEO Kristen explains how her entrepreneurial spirit at a very young age inspired her for early retirement.

 

Retirement is the withdrawal from one’s position or occupation or from one’s active working life. A person may also semi-retire by reducing work hours.

An increasing number of individuals are choosing to put off this point of total retirement, by selecting to exist in the emerging state of Pre-tirement.

Many people choose to retire when they are eligible for private or public pension benefits, although some are forced to retire when bodily conditions no longer allow the person to work any longer (by illness or accident) or as a result of legislation concerning their position. In most countries, the idea of retirement is of recent origin, being introduced during the late 19th and early 20th centuries. Previously, low life expectancy and the absence of pension arrangements meant that most workers continued to work until death. Germany was the first country to introduce retirement benefits in 1889.

Nowadays, most developed countries have systems to provide pensions on retirement in old age, which may be sponsored by employers or the state. In many poorer countries, support for the old is still mainly provided through the family. Today, retirement with a pension is considered a right of the worker in many societies, and hard ideological, social, cultural and political battles have been fought over whether this is a right. In many western countries this right is mentioned in national constitutions.

CAREERCareer

FINANCEFinance

Filed Under: -CAREER, Entrepreneurship