Tax Planning Articles

1). 3 Tips For Keeping Proper Tax Records For Your Home Business – And Keeping The IRS Happy! By : Kris Bickell
The last thing most people think about when starting a business is doing taxes. But proper planning will make doing your taxes much easier - and keep the IRS happy! Here are 3 simple tips for keeping proper records: 1. Whenever you buy anything for your business, keep the receipt! Not only will this make record keeping a lot simpler, but if you are ever audited (having your tax return reviewed in detail by the IRS), you can prove your expenses, and save yourself money.
Article Related to: build wealth, personal finance, save money, tax planning, irs, retirement planning, record keeping

2). Top 7 Ways to Minimize Your Income Taxes By : Kristine McKinley
Are you paying too much in income taxes? Are you getting all the credits and deductions you are entitled to? Here are 7 tips to help you minimize taxes and keep more in your pocket: 1. Participate in company retirement plans. Every dollar you contribute will reduce your taxable income and thus your income taxes. Similarly, enroll in your company’s flexible spending account.
Article Related to: tax planning, income taxes, saving on taxes, financial planning

3). Heath Savings Accounts (HSAs) Mean Big Tax Savings By : Stephen L. Nelson, CPA
Concerned about the high cost of healthcare? Worried that your insurance doesn’t cover all your costs? Fortunately, a partial solution may be just around the corner. Since January 2004, taxpayers have had a tax savings tool called Health Savings Accounts, or HSAs. These HSAs may solve many of your healthcare cost problems. How an HSA Works In a nutshell, HSAs work like this.
Article Related to: health savings account, hsa, tax planning, tax saving

4). How to File and Pay Your Taxes in California- For Individuals By : Kris Koonar
We are always in search of some easy ways to pay our tax.
Article Related to: tax planning, tax preparation, tax representation, tax help, tax problem, tax accountant, tax saving

5). Top 7 Small Business Tax Tips By : Stephen Pope
Here are seven ways for owners of small businesses to save money on their taxes. 1. Incorporate Yourself: If you`re still a proprietor or partner of a business, it`s time to incorporate yourself. Not only will you limit your liability, but you may enjoy lower tax rates on small business income and other tax advantages as well. 2. Be Home Based: If possible, continue (or switch to) being a home based business.
Article Related to: income taxes, reduce taxes, income split, tax planning, incorporate, home based

6). Overview of California Sales and Use Tax By : Kris Koonar
All the states in the US, except Delaware, Alaska, Montana, Oregon and New Hampshire levy Sales and Use Tax or the SUT.
Article Related to: tax planning, tax preparation, tax representation, tax help, tax problem, tax accountant, tax saving

7). California Tax FAQs for New Residents By : Kris Koonar
If you are a new resident of California then you may want to learn about its tax structure.
Article Related to: tax planning, tax preparation, tax representation, tax help, tax problem, tax accountant, tax saving

8). California Local and Property Taxes By : Kris Koonar
As the California state population increased, the demand for housing also increased
Article Related to: tax planning, tax preparation, tax representation, tax help, tax problem, tax accountant, tax saving

9). Overview of the Bank and Corporation Tax in California By : Kris Koonar
Out of the 48 states, California is the one to tax corporate profits. Whereas, the bank and corporation tax of California remains the third largest source of General Fund revenues of the state.
Article Related to: tax planning, tax preparation, tax representation, tax help, tax problem, tax accountant, tax saving

10). Using This Years Taxes to Save On Next Years Taxes By : Richard A. Chapo
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 Years Taxes to Save On Next Years Taxes For most people, preparing and filing taxes is the equivalent of sticking a pin in a body part. It simply is not fun. Heck, it is not even amusing.
Article Related to: tax, taxes, irs, tax return, filing, cpa, accountant, tax planning, paying taxes

11). Overview of California Income Tax By : Kris Koonar
Personal Income Tax or PIT in the State of California is paid in addition to the Federal Income tax.
Article Related to: tax planning, tax preparation, tax representation, tax help, tax problem, tax accountant, tax saving

12). Top 7 Ways to Reduce Income Taxes By : Kristine McKinley
Are you paying too much in income taxes? Are you getting all the credits and deductions you are entitled to? Here are 7 tips to help you minimize taxes and keep more in your pocket:
Article Related to: tax planning, income taxes, saving on taxes, financial planning

13). Other State Taxes in California By : Kris Koonar
California State raises its revenue by imposing various taxes such as estate tax, insurance tax, alcoholic beverage tax, gambling, motor vehicle tax and tobacco tax.
Article Related to: tax planning, tax preparation, tax representation, tax help, tax problem, tax accountant, tax saving

14). California Tax Assistance Centers By : Kris Koonar
The tax assistance centers are one of the best sources of personal tax related help in California.
Article Related to: tax planning, tax preparation, tax representation, tax help, tax problem, tax accountant, tax saving

15). Taxes Levied In California By : Kris Koonar
In California, state taxes have always played an important role.
Article Related to: tax planning, tax preparation, tax representation, tax help, tax problem, tax accountant, tax saving

16). Overview of California Tax System By : Kris Koonar
With over 35 million residents, California is ranked as the sixth largest economy in the world.
Article Related to: tax planning, tax preparation, tax representation, tax help, tax problem, tax accountant, tax saving

17). Understanding The Need For Proper Estate Tax Planning By : Kris Koonar
Estate tax planning is essential if you want to preserve your wealth for the coming generations. In order to start planning, you need to know the potential estate tax liability.
Article Related to: sacracmento cpa, sacramento estate tax planners, tax planning, estate tax planning, estate planning

18). Estate Planning Tax Tips For Heirs Of The Deceased By : Kris Koonar
The right time to planning estates is when alive, but unfortunately, this cannot always be done. This is when beneficiaries end up owning large estates and with huge taxes to pay.
Article Related to: sacracmento cpa, sacramento estate tax planners, tax planning, estate tax planning, estate planning

19). The Role Of A CPA In The Estate Planning Process By : Kris Koonar
CPA(Certified Public Accountant) is a designation, which is offered to qualified accountants who apparently clear the Uniform Certified Public Accountant Examination conducted by the United States. These accountants have to posses the mandatory state educational prerequisite as well as know-how. Those who clear the exam are given the CPA license.
Article Related to: sacracmento cpa, sacramento estate tax planners, tax planning, estate tax planning, estate planning

20). Estate Tax Saving Strategies By : Kris Koonar
Estate tax planning should be done once you acquire a property above two million dollars, as this is the current limit up to which no estate tax is applicable. In case you avoid it then your beneficiaries or your heir may have to shell out 45 cents on every dollar of your estate value.
Article Related to: sacracmento cpa, sacramento estate tax planners, tax planning, estate tax planning, estate planning

21). Tips On Easy Estate Planning By : Kris Koonar
Estate planning is largely done based on the tax exemptions and taxes payable. The federal tax exemption that is granted at present is set at $2 million. This means that those who have assets below this amount are safe and can do as they please.
Article Related to: sacracmento cpa, sacramento estate tax planners, tax planning, estate tax planning, estate planning

22). Using Trust As An Estate Planning Tool By : Kris Koonar
In many states, like California for example, a living trust, in most cases, would not require judicial intervention, better known as probate. This will saves you from increased costs that are incurred due to legalities.
Article Related to: sacracmento cpa, sacramento estate tax planners, tax planning, estate tax planning, estate planning

23). Business Succession And Estate Tax Planning Strategies By : Kris Koonar
According to a market survey, 25 percent of the family business shareholders who are senior citizens have not thought of any estate succession planning other than writing a will.
Article Related to: sacracmento cpa, sacramento estate tax planners, tax planning, estate tax planning, estate planning

24). Estate Planning For Special Needs Children- Special Needs Trusts By : Kris Koonar
Planning and safeguarding the future of special kids requires in-depth knowledge of the federal laws that concern government benefit eligibility and the legal credentials such as trusts and guardianships.
Article Related to: sacracmento cpa, sacramento estate tax planners, tax planning, estate tax planning, estate planning

25). Two Great Myths Regarding Taxes By : Scott Letourneau
After interviewing one of the foremost authorities on taxes, I decided to put an article together that exposes two great myths. This article is based off a transcript from an Interview I did with Sandy Botkin. Enjoy.
Article Related to: irs, taxes, tax planning, april 15th