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?Tax Tips for your Internet Business? Business Articles | May 9 Dawson Knox Bills Jersey , 2007
Did you know that the manner in which you structure your Internet business affects the business deductions you can take?? Learn the tax strategies available for S Corporations and C Corporations.
There are numerous ways to slash your taxes.? A savvy Internet business owner recognizes that these tax saving strategies can add up to thousands of dollars.
First, let?s take a look at two ways in which you can structure your Internet business.? S corporations and C Corporations and the tax tools you can use in each type of structure.
1.) S Corporations:
Have about 75 typical deductions.? If you are uneducated then you only have about 10 deductions available. December 31st year end.? Must do strategy before December 31st to take advantage of certain tax saving strategies. Flow through entity which means any gain or loss flows through to you.? For example, if you make $40,000 in a regular job and after paying for all your business expenses you have lost $10 Devin Singletary Bills Jersey ,000. You can apply this loss to the income from your regular job.
2.)? C Corporations
Have a choice of fiscal year end.? Don?t have to use December 31st. Have 300 deductions that you can use to your advantage. 15% tax on the first $50,000 of net income.
NOTE:? S corporation and sole proprietor have virtually the same deductions, but there are a few differences.
Be aware that if you use these tax strategies that you should:
1.) Audit-proof your record through the power of documentation.? ??Keep a tax log.? You will have to answer who, what Cody Ford Bills Jersey , when, where and how much for each deduction.? This shifts the burden of proof off of you and on to the IRS.
2.)? Label each deduction as ?Reimbursement Due?.? Total up these deductions.? These deductions can be offset against any future or back taxes that you owe.? In other words, the IRS won?t write you a check, but instead cut your back taxes or future tax payments.
NOTE:? You can amend past returns as far back as 3-4 years.
New Hero Honda Passion Pro CWG edition launched
Posted On : Oct-11-2010 | seen (471) times | Article Word Count : 407 |
Hero Honda Ed Oliver Bills Jersey , India's one of the biggest two-wheeler market leader, has launched an Commonwealth Games special limited edition of its most popular commuter bike, New Hero Honda Passion Pro. Hero Honda, India's one of the biggest two-wheeler market leader Zay Jones Bills Jersey , has launched an Commonwealth Games special limited edition of its most popular commuter bike, New Hero Honda Passion Pro. The new Edition is available with attractive Price tag of Rs. 46,300 (ex-showroom Delhi). As per official reports of the company, the new bike is designed as a collector's item to celebrate the company's association with the Commonwealth Games. Anil Dua Tre'Davious White Bills Jersey , senior vice president (marketing and sales) of Hero Honda Motors said,鈥漌e are confident that the bike will be a craze amongst the sports-loving youth owing to its design, looks and irresistible features. The new Hero Honda Passion Pro has an all-white body with sporty looks, striking new dual-tone blue and green graphics inspired by the colours of the Games."
The new CWG special edition of Passion Pro is available with the special XIX CWG 2010 insignia on its side cover. The Hero Honda Passion Pro CWG edition is dedicated for Commonwealth Games 2010. The based model of Passion was introduced in 2001 and till date it is one of the leading selling bike in the Indian auto market. After the successful launch of Passion Tremaine Edmunds Bills Jersey , the company had launched an refreshed version in 2003, called as Passion Plus and Passion Pro was also unveiled in 2008 with electric start.
The company presently selling 2008 version and improved version of Passion Pro, which is additionally packed with Digital meter, Self Start and latest large tail light which makes it more stylish. Hero Honda Motors Limited is also known as a corporate promoter of sports in India and presently has been associated with Hockey Josh Allen Bills Jersey , Cricket and Golf Games. The company has also recently launched an upgraded versions of the company flagship model, Hero Honda Splendor Pro in the Indian auto market. The company also looking forward to launch an low cost range bike soon in India.
The new CWG special edition of Passion Pro is available with the special XIX CWG 2010 insignia on its side cover.
The company presently selling 2008 version and improved version of Passion Pro, which is additionally packed with Digital meter, Self Start and latest large tail light which makes it more stylish. Hero Honda Motors Limited is also known as a corporate promoter of sports in India and presently has been associated with Hockey Jim Kelly Bills Jersey , Cricket and Golf Games
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