Tag Archives: Government

QUICK TAX TIP

14 Apr

Taxes are due tomorrow unless you filed already or have an extension filed as well.
Do your due diligence folks and be sure not to cheat.

Now Folks, if you have a legit business you need to work your deductions.
There are legal, healthy deductions the government allows for every business. Competitive, entrepreneurial growth is not only desired it is encouraged by the government.
Now let’s say you meet a potential client while at the local watering hole/hamburger spot. You can legally claim a % of that meal. But you want to make sure you have proof.
So you save the receipt for sure.
Most of my readers know to keep every receipt forever so that’s not a new concept.

Here’s the new concept:
Write the date, time, name and contact info on back of that receipt.
Now you have a great frame of reference for you and your CPA.

Want a Bonus tip:
Every time you get a business card from someone or a contact card- write their info and a first impression on the back.
Something like: Peter Parker, likes Silver coins, on a 1-10 his interest peaked at a 7.

See how simple this is?
How easy it can be to bulletproof
your taxes,
accounting,
and recruiting?

The business victories aren’t found in sealing the deal. The details are where you find every victory.
Prep work, and follow through deliver a greater ROI in every business.
I don’t care what you sell, who you train, or what you blog- my two aforementioned rules will deliver. Guaranteed.

#thriveorsurvive.

No one goes to the Olympics for silver.

Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat-
Tony@Changeinadvance.com
@changeinadvance

http://www.changeinadvance.com

Or simply reply to this article.

 

#thriveorsurvive

Advertisements

Who is subsidizing whom?

11 Dec

Who is subsidizing whom?.

Not to say I agree or disagree but lets look at someone else’s perception.

Can’t hurt right?

Who is subsidizing whom?

March 15, 2012 | Posted by Ken Cohen

In its lead editorial yesterday, The Wall Street Journal took a hard look into the Obama administration’s campaign to end so-called “subsidies for Big Oil.” The paper’s conclusion turns the administration’s claims on its head: “The truth is that this industry is subsidizing the government.”

This is the flip side of the coin that few realize – the oil and natural gas industry is an enormous source of revenue for the U.S. government. In fact, the industry pays the federal government approximately $86 million a day – or about $31 billion a year – in rents, royalties, bonuses and corporate taxes. That doesn’t even include the payments made at the local and state levels.

At times, the industry is actually sending more to local, state and federal governments in taxes and fees than what it earns in the United States. According to the Journal:

“Not paying their ‘fair share’? Here’s a staggering fact: The Tax Foundation estimates that, between 1981 and 2008, oil and gas companies sent more dollars to Washington and the state capitols than they earned in profits for shareholders.”

And, keep in mind, the taxes the oil and gas industry pays are only part of a much larger contribution to the U.S. economy. Our industry and the activities that support it accounted for more than $1 trillion of the U.S. economy in 2009, or about 7.7 percent of U.S. gross domestic product, according to a recent study. The industry contributes an estimated $470 billion a year in spending, wages and dividends alone.

So what about those “subsidies” that oil and gas companies supposedly get?

“These aren’t direct cash handouts like those that go to the green lobby,” the Journal says. “They’re deductions from taxes that cover the cost of doing business and earning income to tax in the first place. Most of them are available to other manufacturers.”

I’ve talked at length on this issue, but it bears repeating – attempts to misrepresent the industry’s tax contributions are nothing more than an attempt to pick winners and losers in the marketplace. The fact is that taxpayers would benefit far more from the revenues associated with increased access to U.S. energy supplies than they would from punitive tax measures aimed at oil companies. Policies that support greater energy development could generate $800 billion in government revenue by 2030 through lease sales, royalties, production fees and taxes, according to a recent study.

So when taxpayers see these claims about “subsidizing” oil companies, I think it’s valid to ask: “Who is subsidizing whom?”

 

#thriveorsurvive.

Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat-
Tony@Changeinadvance.com
@changeinadvance
http://www.changeinadvance.com
Or simply reply to this article.

 

Quick Tips for my readers to get some free help from the GOVT!

6 Aug

Two tips for my readers to get free help.

Tip #1: Have you got your free credit reports (3) from the gov?
Go to http://www.annualcreditreport.com.
The only place to get no requirement, totally free credit reports certified and guaranteed from the government (www.Ftc.gov). Get your three every 12 months free.
Also anytime you are denied credit- you can get at least one report. Anytime you are a victim of credit/identity theft you are entitled to a free report from each of the three major credit unions.
Lastly http://www.creditkarma.com will monitor your score free with no issues year round. They only use Transunion to obtain your score/info.
—-
Tip #2: Have you listed your phones, (up to 3) on the do not call registry?
http://www.donotcall.gov
Great way to cut spam and wasted minutes et al. It will allow you to put three phone numbers and it does NOT expire
Simply use email to verify and kiss annoying guys goodbye.

There’s always more @:
http://www.changeinadvance.wordpress.com

#thriveorsurvive.

#thriveorsurvive

16 Oct

“Government’s burden on the private economy is best measured not by how much revenue it collects, but how much it spends.”- Milton Friedman

Image 14 Sep

Damn if this aint how I feel things are going down

%d bloggers like this: