What Expenses Are Tax Deductible?

What else besides New Years resolutions do you have to work on early in the year?  Probably getting all of your taxes together for last year so your accountant can work his or her magic, right?  Since most accountants don’t supply the numbers, and you do, how do you know if you are providing them with all the deductions you’re entitled to?

Here are a couple of considerations that make a big difference in how things are captured:

• Are you a sole proprietor?
• Or do you run your business as a corporation?
• Are you still working a j.o.b. collecting a paycheck, while you start a new business?
• How do you obtain continue reading »

Does Age Discrimination Worsen Within a Recession?

"87% of Americans believe that women will experience age discrimination at some point in their lives"

"Women think age discrimination begins at age 43 for themselves and at age 47 for men"

According to the Equal Employment Opportunity Commission (EEOC), age based complaints are up about 21% from 10 years ago. Elizabeth Grossman, an attorney with EEOC’s New York office says, "People are living longer and wanting to work longer. But quite a few employers resist keeping these employees on their payroll past a certain point." They also are saying that applicants over 50, continue reading »

Right Time to Start a Business

Sometimes others can say it best and are worth quoting. Here’s something from Seth Godin on the Right Time to Start a Business:

• "Whenever a business cycle starts to falter, the media start wringing their hands. Then big businesses do, then freelancers, entrepreneurs, and soon everyone is keening.
• "People and organizations that have no real financial stress start to pull back, ‘because it’s prudent.’ Now is not the time, they say.
• "Growth is frightening for a lot of people. It brings change and the opportunity for public failure. So if continue reading »

7 Reasons Why Now is the Perfect Time to Start Your Own Business

It wasn’t that long ago that the Feds bailed out Bear Stearns and Fannie Mae and Freddie Mac. There were a lot of people "downsized" during that fiasco. However, the recent news of Lehman Brothers (a 100+ year old company) being told by the Feds to "come up with its own solution", as reported on blogs.moneycentral.msn.com will cause another employment meltdown. In addition, there were more than continue reading »