Tax Law

5 Investment Strategies For Beginners

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An investment strategy can be defined as a stratagem or approach that will help an investor select an investment opportunity (read stock) that has a good return on investment, or one that has proven to be a good investment opportunity. While most of the investment strategies for beginners will focus on tried and tested methods that have worked for others, by the end of the day, it always boils down to what the beginner investor can be able to work with to diversify their investment portfolio.

It is therefore correct to say that the many different investment strategies would … Read more at 2009 Tax.

Learn to do Your Own Accounting From Day One

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The thought of doing your own bookkeeping is pretty daunting right? That’s the general consensus. Having your own business involves enough work as it is. Why not just leave the accounting bit to the professionals. Fair enough. If you never want to deal with tax offices and worry about learning financials so be it. But you would be surprised how easy it can be.

These days there are superb accounting package and courses. You can sort out your tax online. Even the small things like recording invoice amounts into an excel sheet can save you precious time and money with … Read more at 2009 Tax.

5 Tips to Save Money on Your Business Legal Fees

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Occurrence of disputes during the course of business operations is accepted as normal and considered a part of business. Nevertheless, there could be times when you might require taking up legal services for the settlement of these disputes. Business legal fees could be very steep at times making it difficult for small business owners to use such services. However, there are ways by which you can save money on the business legal fees. Some of these tips are as follows:

Choice of attorney

It is very essential to choose the right attorney for your case. Lawyers specialize in different areas … Read more at 2009 Tax.

Self Employed? – Here’s 5 Reasons Why You Need An Accountant

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For the self-employed, tax time can be an entirely different experience than for those who are either employed by another company or own their own business. Being self-employed means that you are technically both an employer and an employee, and are at times responsible for paying taxes on issues that affect both.

Taxes are already complex enough for the average individual, but that situation is exacerbated by your current status. As a result, it may be wise to talk to an accountant, as they can not only find special deductions and benefits, but save you the time and anxiety of … Read more at 2009 Tax.

Charitable Tax Deductions That May Surprise You

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There are many people who make charitable donations every year and document them so that they can be claimed as tax deductions. However, many of us fail to take all of our charitable donations into consideration when going through our tax deductions, with some failing to even realize that some of the donations they have made are tax deductible.

There are in fact many charitable tax deductions that may apply to you without you even realizing it, and some people are very surprised to learn about the various donations that are actually tax deductible. Some of these donations are ones … Read more at 2009 Tax.

5 Tips for Surviving an IRS Tax Audit

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If you are chosen for an IRS tax audit, then there is nothing you can do to avoid it. The important thing is that you know what to expect, and that you keep one specific goal in mind: to end up owing the IRS as little money as possible. How do you do this? By complying, first of all, but also by doing everything you can to ensure you don’t trigger the IRS to investigate any items outside of the original causes for audit. Being audited can be a scary prospect; fortunately, there are things you can do to make … Read more at 2009 Tax.