Monthly Archives: February 2011

Eliminating your taxes with equipment purchases

Equipment purchases: Do you have a business? Would you like to eliminate taxes on that business? New law: You can deduct 100% of the cost of any new equipment even if it creates a loss in business. There is no … Continue reading

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Why You Should Consider Having a Side Business.

Why you should have a business: We have two tax systems: one for employees designed to take your wealth and one for business,which is designed to create economic growth. If you have a buisness you can deduect your loses against … Continue reading

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Eliminating commuting

Clarification of Question: A frequent question that keeps arising is,”If I have a home based business, and I sell some products to my coworkers at my job, can I eliminate my commute?” The answer is NO. You can NOT eliminate … Continue reading

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Gift-Leaseback

Gift leaseback: How would you like to get a double deduction for your businesd equipment? Concept: Give away depreciated property to relatives and lease it back. You have mostly depreciated the equipment and now get to deduct the lease payment. … Continue reading

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