I was recently asked to put on some information on the Master Limited Partnership or MLP. A MLP is a highly regulated entity by U.S. code that is a LP that is publicly traded on a securities exchange. It combines the tax benefits of a LP with the liquidity of publicly traded securities. They...
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Owning a home-based business is not an opportunity any longer. It’s a MUST. Not too many years ago, starting a small business or small home business was just a passive thought after developing a successful hobby for a lucky few. Then came the network marketing groups, which in one way or another, everyone has...
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And you thought tax season had just ended. Actually, for most of us the reporting part has just ended. But it’s really not the reporting that concerns me most of the time. The biggest problem is, “What are we doing to prepare for it the rest of the year? You can do it the...
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Home Business Success? Pt. II The Joys of Tax Reduction In part one we talked about the necessity of staying informed to be successful and treating your home business like the real business it is. There isn’t much room any more to be passive about it. Having a home business is crucial to the...
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For many years, the fastest growing segment of our business population has been the start up of Home-Based Businesses. I’ve heard figures from 50,000,000 strong and growing to a new one starting every ten seconds in the U.S. I’m not sure if anybody really knows and government stats usually lag by at least a...
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Here is a summary of the major tax changes for 2009 as you prepare your return; Each personal or dependent exemption is now worth $3650, up $150 from 2008. Standard deduction: $11,400 for married couples filing jointly and qualifying widows and widowers. $5,700 for singles and married individuals filing separately $8,350 for heads of...
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Finding a compatable product that you are sold on and setting up a home-based business can be the adventure of a life time. It’s exciting getting into a new product to market or taking an old hobby to a new level. The idea of providing extra income and possibly leaving a less than desireable...
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If you started a business of any kind in “09, but especially a Home-Based Business, guesswhat? It’s that special time of year again; TAX TIME! But lets keep it simple. First of all, do away with the common fears that go with dealing with the IRS and look at it as just some kind...
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Experience shows that people tend to shy away from and even fear those things they do not understand. It’s really no surprise that most people completely ignore financial planning, be it simple estate planning or more complicated tax reduction strategies. Business owners often avoid the unknown, not realizing that they have powerful options available...
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As part of todays blog, I want to take a minute and welcome the next wave of new subscribers. You have made a wise decision to join us at Home Business and Tax Solutions. This is the only site anywhere that seeks actively to help you succeed in the business of your choice. You...
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