Archive for 'Income Taxes'
Another Tax Change
Posted on13. Jan, 2009 by Terry.
Another Tax change that I failed to mention in previous posts is the one pertaining to property tax. If you have enough itemized deductions to file a Schedule A, you can claim property taxes paid on your property. However, many people may have purchased their home in the latter part of the year, or the [...]
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Tax Season
Posted on07. Jan, 2009 by Terry.
Tax season doesn’t officially get started until next week, but I have really been busy this week. I will try to catch up on my posting schedule later this week or this week-end.
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Back To Work
Posted on31. Dec, 2008 by Terry.
Well, the Holiday season is over and it’s time to go back to work. I had a wonderful Christmas Holiday with all my family in a mountain cabin up in the North Georgia mountains. It just went by too fast. Tax season is just about to get started. The phones are ringing off the hook [...]
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Partnerships
Posted on19. Dec, 2008 by Terry.
In a Partnership, two or more people share ownership of a single business. Like proprietor-ships, the law does not distinguish between the business and its owners. The partners should have a legal agreement that sets forth how decisions will be made, profits will be shared, disputes will be resolved, how future partners will be admitted [...]
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Sole Proprietorships
Posted on17. Dec, 2008 by Terry.
The largest majority of small businesses start out as sole proprietorships. These firms are owned by one person, usually the individual who has day-to-day responsibilities for running the business. Sole proprietors own all the assets of the business and the profits generated by it. They are also responsible for all of its liabilities and debts. [...]
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