The United States federal government levies taxes on the income of its citizens and legal residents. The Internal Revenue Service (IRS) is the agency responsible for collecting these taxes. Federal income tax rates have changed several times since 1913, when the...
Strategies for saving big money as an S Corp Owner – Are you tired of paying massive amounts of money to the government? Strategy is essential when it comes to anything in life, but especially when it comes to saving money. Many different techniques can be used...
Business Mileage – Are you a small business owner always looking for ways to decrease your tax bill? If so, you may be interested in the business mileage rule. This rule allows small business owners to deduct the cost of their business mileage from their taxable...
Early American colonists adopted what is commonly considered their first slogan of “No taxation without representation”. While this slogan specifically regarded their requirement to pay taxes to Britain without having any political influence, it is still valuable,...
Are you bringing in a bonus this year? Fantastic! You should be proud of your hard work. I teach my three kids the same fundamental principle every week. Hard work pays off. It’s completely ingrained in them now. From anywhere in the house if I yell out “Hard work!” I...
