Law & Taxes

Steps To Leasing Equipment Versus Buying Leasing Equipment Versus Buying Leasing Equipment Versus Buying

Short on cash, but need equipment? Consider leasing what you need. Leasing equipment may be a better alternative to buying, depending on your situation and needs.

Get Cheap Van Insurance

Just like any other insurance coverage – life insurance, property insurance, fire insurance – van insurance also follows the cardinal rule of taking insurance coverage that suits your needs and budget.

Best Way To Avoid Bankruptcy

If you are now in financial difficulty, and you have made the right choice in avoiding bankruptcy, then your next step is to manage your debt in a way that you are not Forced to file bankruptcy. And how exactly do you do that? The answer is, get professional help. Consult a debt consolidation company and let them help you sort out your financial issues.

Why Debt Consolidation program is the ideal choice. You can avoid bankruptcy by choosing debt consolidation, as it makes …

Leasing Is Often Better Than Buying

Leasing refers to an owner, or lessor, selling use of his property (equipment, automobile, home, or business) to a lessee. For many individuals, leasing is a good alternative to buying because leasing requires less equity and, therefore, more people have the qualifications to lease than to buy. For example, a $1 million piece of property may be too expensive for a business to purchase, so they lease it for $5,000 per month, which they are able to do with the profits they make…

Can Annuities Help You?

Are you confused about annuities? Not sure what they are and how they can benefit you? We introduce you to the annuity and show you why they may be of interest to you!

Bankruptcy Basics

‘Bankruptcy’ the term that can raise the goose bumps of almost every individual who hears it and even a nervous breakdown to those who confront it. Bankruptcy stands for the situation when a person runs into huge debts and there is hardly any money left with him to repay those debts. The…

Accountants – All Businesses Need One

As business becomes more and more global, and complexities continue to emerge, certain fields have gained prominence in today’s career market. One of these is accounting. Accounting is a very conceptual career or task, more a question of information handling than any hands-on approach to product development. However, as trends change, accounting is becoming a little more diverse and less just a question of ‘crunching numbers’.

These days, there are specific kinds of accoun…

Steps to choose between a provision and non-provisional patent

If you have other types of inventions, however, you will still have to decide. More and more inventors are using the provisional patent application given the complexity of the non-provisional patent application and the length of time the United States Patent and Trademark Office (USPTO) takes to review your application (over a year). Here are some other facts you should know…

Steps to avoid triggering an IRS business audit

Generally, the IRS only audits less than 2% of all filings and focuses on tax returns that have a large amount of deductions relative to the reported profit. There are ways you can avoid triggering an IRS audit. Take a look…

Steps to what to do if your business get audited

When starting your own business you plan your accounting system carefully and may even hire a CPA to help you establish your taxation records. You have been careful about taking deductions. You even have all of the IRS tax codes for small businesses memorized. Despite all of this effort, you get the notice. The large white envelope in the mail that reads Internal Revenue Service. As you gulp, you open and discover that you are being audited by the Internal Revenue Service. Now what do you do?

Steps to proper tax planning for a home-based business

Starting your own business takes lots of forecasting and a lot of planning. Between sales forecasts, economic outlook predictions, maintaining an edgy website, and improving customer service relations, tax planning may be the furthest issue in your mind. However, according to…

The top reasons startups need proper documentation

Starting your own business can be hassling not to mention tiresome. But there are ways to make the process easier over a period of time. Maintaining documentation is one of the steps. Documentation has multiple purposes for new business startups and by keeping documentation, your firm will be…

Steps to Protect yourself against corporate liability – why incorporating is only the first step

When starting your own business one of the first steps you want to take is to protect yourself against corporate liability. After you have researched and discovered that incorporating your company is one of the best methods to limit liability (either through a LLC or C corporation), you may also wonder what other steps should you consider to protect against corporate liability. The following list…

Steps to Handling Business Disputes

Here are six ways to handle business disputes – two tips to remember, and four ways to resolve problems…

Steps to Tips to Optimize Tax Deductions

Doing the taxes for your business is entirely different from doing them for yourself. You will want to optimize tax deductions as much as possible; not taking deductions…

Steps to tax planning for home based businesses

Starting your own business, especially a home based business, can be trying and difficult in regards to tax planning. But there are many resources available to ease the stress of tax planning for your home based business…

Steps to legal steps to take before starting a home based business

Starting your own business requires time and effort. It also requires careful attention to detail. One of these finite details is the law. Like any other endeavor you may pursue in your life, starting your own business requires a procession of legal steps that everyone should take. By avoiding these…

Steps to Get SSDI the First Time Around

There are steps a genuinely disabled person can take to ensure their application for disability benefits is approved on the first try. Follow these 6 tips to get SSDI the first time around and greatly increase your odds of having your application approved.

Your Will Is The Core Of Estate Planning

An estate plan is a legal system for the disposal of your property upon your death. It recognizes your wishes, such as those regarding the care of minors, and it legally minimizes taxes. It can take into account your views regarding future medical care; for example, it may state you have no wish to have your life sustained by a life support machine. Estate planning may or may not involve tax planning. The single most important document associated with estate planning is a wil…

Steps to protect your intellectual property

Intellectual property is a business term that refers to the ownership and or collection of ideas and concepts which have commercial value. It is important for a company to safeguard its intellectual property as it determines the firm’s comeptitive edge. There are several methods…

Steps to understanding merchant contract cancellation rules

With so many new rules and policies regarding contract cancellation, it can be mind-boggling on the legal time frame to cancel a contract without consequence. But these rules are important because they are your rights. Take a look at some of the important new regulations regarding contract cancellation. Step 1 Remember the 3 day rule […]

Steps to avoiding a hostile work environment (according to federal law)

Equally, many employees feel trapped and have become jaded when all they have seen is that negative workers get all the priase and get away with bad behavior and with violating federal employment law on hostile workplaces. Thus there is an increase in these lawsuits. You need to protect yourself and your business from this as it can be financially devastating. Take a look at what you can do…

Steps to implementing the new international financial reporting standards

Change has come to your business, especially the way you report your financial statements. The Securities and Exchange Commission (SEC), the International Accounting Standards Board, and the Financial Accounting Standards Board have made recent changes to the way public and some private companies must adhere to financial reporting standards. As a rememdy to the recent financial meltdown…

Steps to getting protection from business lawsuits

Despite your best intention and effort to make your customers and suppliers happy, there is always going to be an ongoing risk of a lawsuit. If a customer feels cheated and misunderstood or a supplier feels shafted, then you may have a business lawsuit on your hands. Even if you are in a corporation or

Steps to small business tax info entrepreneurs should know when starting up

Many business owners often plan marketing strategies, location, demographics, and other key business functions, but neglect to carefully review taxation issues upon their business inception. Failure to do so has caused many business owners to pay more in taxes than necessary or not pay enough taxes that

Steps to recent small business tax breaks

If you are a small business owner or plan on starting a business you should be aware of these 2010 tax code changes as each will affect you business now and in the near future. Take a look.

Last Will And Testament Considerations

Interest in a Last Will and Testament and other end of life planning documents skyrocketed during the coverage of Terri Schiavo’s case, but interest didn’t always lead to action. It isn’t that people laugh at the importance of preparing for the unexpected; they blame procrastination and laziness.

Accountants And Accounting Software

Accounting is the measuring, and disclosure or provision of assurance about information that helps managers and other decision makers make resource allocation decisions. How to become an Accountant.

Accountants in the US are called Certified Public Accountants and in the UK and Canada are called Chartered Accountants.

Chartered Accountants in Canada are expected to know all US CPA knowledge as well as a Canadian Accounting body of knowledge. In order to become an Accou…

4 Reasons People Get Into Trouble With the IRS

You don’t want to mess with the Internal Revenue Service. One small mix-up when handling your finances can cost you big.

Can You Choose the Type Of Bankruptcy Filling?

You can choose the bankruptcy type to be file against, but you may not eligible for the bankruptcy type of your choice if you do not meet the required criteria. Read this article to get more information on bankruptcy types and the eligibility criteria for each bankruptcy type.

Steps to government regulation

Government regulations of small and big companies must be adhered to so as to ensure its continuity and to ensure solidity of business. It is advisable for companies to familiarize themselves with the applicable regulations, such as Sarbanes-Oxley, and to hire someone to advise them. These government regulations include:

Steps to registering your trademark in China

You have a trademark of your corporate logo in the United States and wish to expand your business to other countries, preferably China, to catch the global economic boom. But is your trademark in the United States a universal trademark? No, you will still need to apply for and receive an official registered trademark in the country you select (China) to do business and will use your logo, slogan, or graphic design. Keep in mind that the rules of trademarks in China are vastly different from other countries.

An Overview Of Purchase Protection Insurance

Many people are not aware of the insurance that many credit card companies provide their credit card holders; it is called purchase protection insurance

An Overview of a Quit Claim Deed

The deed to a property is a legal document that establishes ownership. There are different types of deeds. Here is an overview of a quit claim deed.

All About Revenue and Receivables

In most businesses, what drives the balance sheet are sales and expenses. In other words, they cause the assets and liabilities in a business.

Accident Claim Compensation

There are a number of factors affecting the likelihood of the accident claims’ success.

* Timescale. It is unlikely that a solicitor will be willing to deal with the case if the incident occurred more than three years ago. The limitation period for most personal injury claims is three years and if the case is not settled or proceedings have not been issued in a court of law prior to that time then the matter becomes statute barred. There are exceptions to this rule. The mo…

Accountant – All Businesses Need One.

As business becomes more and more global, and complexities continue to emerge, certain fields have gained prominence in today’s career market. One of these is accounting. Accounting is a very conceptual career or task, more a question of information handling than any hands-on approach to product development. However, as trends change, accounting is becoming a little more diverse and less just a question of ‘crunching numbers’.

These days, there are specific kinds of accoun…

Accounting Outsourcing Service to augment your business prospects

Accounting outsourcing service is the ideal means for accountants and accounting firms to deal with hectic customer demands during the tax season the US. Accounting outsourcing also enables accounting firms to earn revenue during the tax season.

A Structured Settlement Nightmare: Don’t Let This Happen To You.

Accidents happen everyday that change the course of the lives of the people involved. You may not be able to control actually being in an accident, but you can control how you financially prepare for life after the accident.

A Living Will Could Save Family Financial Ruin

You don’t need to be an economics major to figure out that if health care is going up 10% or more every year while income is only going up 4%, things are looking too good. It is entirely possible for a person to work their entire life and retire with a nest egg of $200,000 or more only to have it wiped out by one major medical issue. This is especially the case when machines must be used to keep you alive due to a severe injury or illness. It is in tragic times like these tha…

A Crash Course on Understanding Financial Statements

If you’re in business or learning to value a business it’s important that you learn how to understand financial statements. While they may be confusing to glance at, the information that’s important is easy to find.

1031 Tax Exchange – Frequently Asked Questions

After years of conducting tens of thousands of successful 1031 exchanges, we found that there are a number of frequently asked questions related to this type of transaction…

Equity and Gain

Is my tax based on my equity or my taxable gain?

Tax is calculated upon the taxable gain. Gain and equity are two separate and distinct items. To determine your gain, identify your original purchase price, deduct any depreciation which has been previously reported, then add the va…

‘Help The Court Has Seized My Assets’ – Garnishment In Law And Practice

A court order that seizes assets from the defendant to pay off a debt is known as Garnishment. One form of garnishment is automatic withholding of the debtor’s wages. When a creditor fails to satisfy the debt taken, the court can issue a garnishment against him. When the creditor petitions the court to send a portion of its pay to satisfy the debt then this step is taken.

The garnishment law differs from state to state and varies in details also. Generally, the TVA is req…

4 Things To Remember When Renewing Your Home Contents And Home Buildings Insurance

Nobody likes to consider the ramifications of a worst case scenario, least of all the financial consequence. However, did you know that if a major storm (of the likes we experienced in the UK in the late 1980s) struck the UK today.

5 Easy Steps to Rebuild Your Credit after Bankruptcy

Bankruptcy does not need to chain you to bad credit for the next seven to ten years. This article outline 5 easy steps to rebuilt your credit after bankruptcy.

ABCs Of A Good Accountant

Have a good laugh at this joke concerning accountants:

A businessman was interviewing applicants for the position of divisional manager. He devised a simple test to select the most suitable person for the job. He asked each applicant the question, “How much is two and two?”

The first interviewee was a journalist. His answer was “twenty-two”

The second applicant was an engineer. He pulled out a calculator and showed the answer to be between 3.999 and 4.001.

The las…

Bankruptcy – The Last Financial Resort

Bankruptcy – the word itself is enough to send shivers down your financial spine. But in a world where perfection is all, and the visual expression of that perfection comes in the amount of possessions we can amass, bankruptcy is becoming an option for more and more of us.

Bankruptcy 101

‘Bankruptcy’ the term that can raise the goose bumps of almost every individual who hears it and even a nervous breakdown to those who confront it. Bankruptcy stands for the situation when a person runs into huge debts and there is hardly any money left with him to repay those debts. The

Bankrupt! But Still Receiving Credit Card Offers

Those who have bad credit or who have recently filed for bankruptcy may be surprised to find that they are still receiving numerous credit card offers. This has become a well known issue, and it is apparent that banks either don’t know or don’t care that the people they are sending offers to already have bad credit.

Bankruptcy Explained

Whether or not we want it to or mean it to, often times our debt can become out of hand, to the point that we can no longer control it

Steps to handling the tax implications of obtaining a business license

Virtually all businesses, whether it is an online format, a physical firm, or a corporation, are required by federal and state law to obtain a business license at least in the state where the business will reside. In some instances, a business license can be filed in the states of Nevada and Delaware for their simplified filing process. But there are some tax considerations to ponder after you file for a business license. Let’s take a look.

Steps to obtaining a business license

Prior to commencing your small or online business, you need to carefully research all legal consequences as well as state and federal rules and regulations. By law you need to license a business before you collect revenues. But by obtaining a business license, several points must be considered. Let’s take a look at what you need to be careful of before engaging in getting a business license.

Choosing the Best Type of Lease for Your Business

When it comes to leasing equipment, understanding what it can do for your business is only part of the equation. Understanding and choosing the best lease for your business is another matter altogether.

Top Mistakes with Equipment Leasing

When negotiating on equipment leasing contracts, small business and corporate accounts should review all the legal terms in order to avoid the top mistakes associated with leasing equipment. These rules are applicable in multiple areas of equipment leasing from educational, computer and engineering equipment leases.

Leasing Equipment Versus Buying

Short on cash, but need equipment? Consider leasing what you need. Leasing equipment may be a better alternative to buying, depending on your situation and needs.

Asset and liability basics

Knowledge of accounts can make life much easy. If you are to invest in a new business or joining your forefather’s business, planning to take some loan, looking for job in any marketing company, desire to be the manager of a multinational

The Woeful Inadequacies of Traditional Estate Planning: The Four Critical Questions You Need To Ask Yourself

When I mention the words, estate planning, most people think of meeting with an attorney and drafting legal documents. Traditionally, those documents include a will, durable power of attorney, health care proxy and perhaps a trust. After you draft these documents, you meet to sign them, then you put them somewhere “safe,” cut a check to the attorney and breathe a sigh of relief because you finally have things covered. All is well and your estate is perfectly in order, right? WRONG!

Battling the IRS

There was once a song about battling the law and losing. Fortunately, battling the IRS is possible and sometimes inevitable.

IRS Lock-In Letters – What’s An Employer To Do?

Employers often ask employees to designate the amount of tax withholdings for paychecks. Occasionally, employees will fail to withhold a sufficient amount in the eyes of the IRS. The IRS will then send a “lock-in” letter on the amount to be withheld. What’s an employer to do?

UK Taxation Treatment For Rental Income

Land and property income is all income deriving from such property as if it were a trade. Therefore this is calculated as all income being assessed in the tax year on an accruals basis.

7 Common Mistakes of Estate Planning

The most common mistake when it comes to estate planning is not getting around to doing it at all. Make sure that you take the time to plan at least the financial portion of your estate so that you leave your loved ones behind with some amount of security.

Buying A Home After Filing Bankruptcy-Rules For Success

1. Apply With at Least 3-4 Mortgage Companies – Compare offers. Subprime mortgage borrowers are at the highest risk for excessive mortgage fees, inflated interest rates and other unethical mortgage practices. Applying with several mortgage companies will give you an idea of what you can expect your interest rate and fees to be and will lessen your chance of being “taken” by an unscrupulous lender. Having several offers in hand will also give you leverage to negotiate for lowe…

Steps to Patent an Invention

A patent is an exclusive right to the inventor’s property and it excludes others from manufacturing, reproducing, and selling your invention for a set period of time. The following are few steps on how to patent an invention.

Finding a Trustworthy Patent and Invention Attorney for Recognizing your Invention

A patent attorney is a full attorney who specializes in patent law. He or she has all the authority to represent you in the court. Patent attorneys must have a degree in a technical discipline, such as mechanical or electrical engineering, chemistry, or pharmacology in addition to a law degree. Patent attorneys work as patent examiners for the Patent Office before going to private practice. Many law firms appoint patent attorneys to give it in writing the patent applications. But can you trust your attorney? The following are few steps on how to find a trustworthy patent and invention attorney for recognizing your invention:

Steps to determine if your insurance brokers are not fraudulent: a few simple steps to be followed

We all take some sort of insurance policy in our lifetimes for various reasons. Whether it is to protect our families or just expand our financial portfolio, insurance is needed for many reasons. But, many people fall prey to insurance frauds. Therefore, it is very important to save yourself from these insurance frauds by knowing what to look for. Remember it is your hard earned money that pays for insurance and once you are a victim of fraud you may not be able to easily recover these funds.

Steps to Reducing Your Taxable Income

Whether or not it is tax season, planning for taxes is a year round consideration. Through prudence, you can reduce your taxable income by applying the following rules and by claiming these adjustments that are given to you. Let’s take a look.

Steps to Preparing Tax forms for Firms that Received a Business Loan

The Internal Revenue Service Taxpayers and tax-exempt institutions use tax forms issued by the Internal Revenue Service to record financial information. After business loan has been received there are some variants to be made in the Form 1099. This form is used to prepare and document an information return to record certain types of income to the business.

Steps to Preparing Tax forms for a Sole Proprietor’s Business Loan

Getting a business loan is a viable alternative for many companies when cash flow has stopped or is running low. To cover business operation costs, such as salaries, shipping, and overhead expenditures such as utilities, many business owners are forced to obtain business loan in some form to sustain the business until cash flows increase.

Steps to Management Success – Step 140: The IRS Can Be Nerve-Racking; Hire People to Calm You Down


The IRS Can Be Nerve-Racking; Hire People to Calm You Down

You always have a business partner—Uncle Sam. How much of your income your partner takes can be the difference between success or failure or great and mediocre profits. Killing yourself running your business and constantly taking risks makes absolutely no sense if the bulk of your profits goes to the government. To retain the maximum amount, hire a tax specialist in your field and restructure your business in accordance with the expert’s advice.

Steps to Managment Success – Step 124: Get It in Writing


Get It in Writing

In the immortal words of Ronald Reagan, “Trust, but verify” (referring to arms control with the old Soviet Union). That is, it is fine to expect the best, but you must plan for the worst. It is all well and good to do business on a handshake, but the savvy business professional knows that more is needed. The less left to misinterpretation, misunderstanding, differing perspectives, and unexpected contingencies, the better.

Steps to Management Success – Step 76: Let Your Word Be Your Bond . . . and Your Reputation


Let Your Word Be Your Bond . . . and Your Reputation

When it comes to business agreements, your word or handshake should be your bond. Make sure to earn and maintain a reputation for honoring your agreements.

Steps to determine what it means to be self-employed

The idea sounds great: “I am self-employed.” This means you come and go as you please, make your own money, and your own decisions. You run your own business. But when it comes time to do taxes, what exactly does it mean to be self-employed? Let’s find out.

Steps to understanding profits

Managing your businesses money is perhaps the most essential piece of the business pie. You don’t have to be the top guy on Wall Street to do it effectively but you do need to know some basics. When it comes down to it, successful businesses are bringing in more money than they are spending, but […]

Steps to determine how a sole proprietorship pays taxes

How does a sole proprietor handle taxes during tax season? Find out.

Step 1 Determine what is a sole proprietor?

A sole proprietorship is a form of business; however it is owned by just one individual and is identified using the individual’s information – such as his or her social security number or tax id number.

Steps to when to file a Schedule C tax form

This tax season is quickly approaching. For those people who run a business, or perhaps are new to running a business, this is a confusing time of year. How do you know if you need to file a schedule C?

Step 1 File a Schedule C

Well, if you are a business owner, it is possible that you will need to file a schedule C.

Steps to understanding small business tax breaks

If you’ve just started a business, or even if you’ve been running one for many years now, it is always great to get tax breaks. There are a few tax breaks for small businesses, however, that you may have missed. Let’s take a look at how these tax breaks affect you.

Steps to using the 1099 tax forms

Do you use freelancers to help you with small projects rather than hire an employee? If so, then you will need to understand how 1099s work. Here’s how.

Step 1 Determine whether you need to file a 1099 for freelance work
When you hire someone for freelance you do not need to worry about their taxes.

Roger Due

Investing in Your Destiny® & Coaching Program - Wealth Building Summit Dallas, Texas

My name is Roger Due and I am from Albuquerque, New Mexico and I am the owner of the Monsano software company. This has been an absolutely fantastic conference. This is the best I have ever been to.