Finance
Receipts and What To Keep
One of the most infuriating parts of running a business is the numerous rules that the government keeps inventing regarding your business records. The insane number of rules and the lack of general logic for each rule makes it nearly impossible to be able to successfully follow each one without likely breaking at least a [...]
Dividend Sprinkling – A Corporate Tax Strategy
I found a very interesting primer article on a generally little known tax strategy called: Dividend Sprinkling. Frugal Trader from Million Dollar Journey writes:
Dividend sprinkling is where family members are given shares of a private corporation setup with the intention of paying dividends to the members with the lowest tax bracket. The result is that [...]
Fear Of An Audit
Almost every single person I have every talked to is afraid of an audit by the government. This extreme fear paralyzes them and completely prevents them from seeking out new ways to save money.
Your single greatest expense in life is taxes. The government is nice enough to each year create and modify the tax laws [...]
Forgotten Business Expenses – Mileage
Running a business can be expensive. The only consolation of this expense is the fact that the government will allow you to deduct your business expenses before charging you taxes. That makes keeping track of expenses and especially knowing what type of expenses can be deducted key.
One of the expenses I often see overlooked is [...]
Same Entertainment, Only Cheaper
In my non-working time I like to vary between being productive and doing as little as possible. This way I can enjoy my time off just as much as I enjoy my day job. One of my favorite things to do in my non-productive time is to watch movies. I am certainly not a classic [...]
