Tax, Savings

FairTax: End Massive Income Tax Waste (updated)

Filed in Tax, Savings by on October 10, 2010 0 Comments
FairTax: End Massive Income Tax Waste (updated)

The FairTax is the only way to end massive income tax waste (50%+ of each tax dollar paid). This includes all the blood money clients pay CPAs like me to calculate and cut income tax.

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FairTax: End Massive Income Tax Waste 2

Filed in Tax, Savings by on October 8, 2010 0 Comments
FairTax: End Massive Income Tax Waste 2

The FairTax is the only way we can end massive income tax waste. The more you learn about this waste, the more it makes you sick.

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The Farmer – Internal Revenue – and the Halfwit

Filed in Tax, Savings by on August 6, 2010 0 Comments
The Farmer – Internal Revenue – and the Halfwit

A man owned a small farm. The Internal Revenue determined he was not paying proper wages to his staff and sent an investigator to interview him.

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IRS will target QuickBooks users – 2

Filed in Intuit QuickBooks, Tax, Savings by on July 30, 2010 0 Comments
IRS will target QuickBooks users – 2

Here is an update to IRS Will Target QuickBooks Users. Only sole proprietors can use the Fifth Amendment of the Constitution (the right against self-incrimination) to protect QuickBooks files from Internal Revenue. QuickBooks can easily give users the option to turn off the audit trail (showing the history of any transaction changes).

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Getting Audited a Hassle. Ask IRS

Filed in Tax, Savings by on July 9, 2010 0 Comments
Getting Audited a Hassle. Ask IRS

Getting audited is a hassle! Just ask IRS.

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Social Security’s New Math: Who Loses? Everyone Loses!

Filed in Tax, Savings by on February 18, 2010 0 Comments
Social Security’s New Math: Who Loses? Everyone Loses!

Social Security’s new math: Who Loses? Everyone loses! I have long told clients that Social Security was a terrible investment. It took around 13 years to break if you delayed retirement from 62 to 65, not counting interest income. This changed little with gradually increasing age requirements. Social Security’s new math: Who loses? Everyone loses!

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CUTTING BACK – Employers taxed by new levies – Florida Unemployment Tax Insanity

Filed in Tax, Savings by on September 6, 2009
CUTTING BACK – Employers taxed by new levies – Florida Unemployment Tax Insanity

CUTTING BACK: Employers taxed by new levies, is an excellent story by Jennifer Robinson. Nevada nearly doubled payroll taxes, from 0.63 percent to 1.17 percent. Florida Unemployment Tax Insanity is far worse, with tax rates increasing from as little as 0.02% to 4.20%% for the MOST stable deserving employers. Few small business owners even know that this is the cause of their big tax increases. Florida Unemployment Tax Insanity also features ridiculous extra amounts in penalties and interest, harrassing phone calls, extra and premature credit-killing liens.

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Free Download: Independent Contractor Agreement, IRS 1099 Employee

Filed in Tax, Savings by on September 11, 2008 0 Comments
Free Download: Independent Contractor Agreement, IRS 1099 Employee

QuickBooks users keep asking about IRS 1099 employees. There is absolutely NO such thing as a 1099 employee. Never say 1099 employee, salaries, wages or payroll (or have these words in records), except about those on who you withhold tax. Instead, download my free Independent Contractor Agreement to use independent contractors to cut taxes and overtime.

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