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Category Archives: Tax

Robert Kiyosaki likes real estate investing is because real estate touches each part of his financial statement.  Starting with his best-selling book Rich Dad Poor Dad and continued in many of his subsequent books, Robert explains how real estate gives cash flow to his income statement and on the expense side of the income statement he’s [...]

The 5 Step Secret to Financial Security   Most people in the developed world have the financial resources to achieve financial security and in many cases financial independence.  I believe that getting your finances into a position of strength is straightforward if you follow the standard process below.   Step 1 – Current State This [...]

The word attorney signifies someone who knows the legality of things. In fact, when things go wrong in the hands of law, people are likely to run to the midst of attorneys. In the field of legality and law, these attorneys are the experts who can provide you with the ample insights you need and [...]

Many people dread that time of year when they must do their tax. Tax rules and regulations seem to change and be added to with great regularity and it mostly takes an expert accountant to keep up with it all. However, there are many tax courses available for the man in the street to attend [...]

Men are governed by laws not by men. Moreover, almost every aspect of your life is invaded by the laws of the land. From the disposition your properties, to the expected norms in the society and eventually to the manner of paying tax contributions, no one is considered above the law. For that reason, there [...]

It’s almost mind boggling how many spouses rely on their significant other to do the taxes. Most of them don’t even look at them. They just want to know the bottom line and where to sign. Check your tax return. Do the numbers correspond to what you’ve earned, spent and saved? Do the 1099s seem [...]

There is billions of dollars worth of IRS Unclaimed Money and unclaimed property in the United States of America? Financial assets are considered abandoned when they remained unclaimed by the owner for an extended period of time. This may be due to death of the owner, name change (marriage or divorce) or simply a change [...]

Have you ever had to say no to your kids for something you know they really need, and you wish that you could give them? Maybe one of your children wanted to play hockey, or take dance classes. But the costs! Who can pay those fees? Well, you might be able to afford them more [...]

Financial answers need to be accurate. In dealing with financial questions, issues and matters, it is best if the answers are founded on proven truths, and not just mere hearsays, and assumptions. Even educated guess is not given merit. If you have any questions regarding your finances, you can get straight and correct answers from [...]

Financial Wealth: Reduces Burden for Future The word wealth is derived from the old English wela, which form an Indo European word stem. Wealth is the abundance of valuable resources or material possessions or the control of such assets. Financial Wealth has been designed to offer a premium financial advice service for those clients who [...]

There’s a lot of misconception about financial planning and how it can help you.  Here is a list of the top 6 myths surrounding financial planning.  We hope that by dispelling some of these common myths you can get a better understanding of financial advisers and how they can assist you to achieving financial prosperity [...]

Once you have learned to solve problems and earn some money, the next thing you need to do is to protect that money from what Robert Kiyosaki calls “financial predators”.  Real world predators do not always look the part. Sometimes, they are ordinary people with well-meaning intentions.  Their job is to “legally” take money from [...]

The Season to Give We all know that making a charitable donation can help lower your tax bill. Unfortunately, many families have cut back on charitable contributions this year because of the economy. However, after you review your financial documents you might need to make a few more donations to keep your tax liability low. [...]

Most of us would rather not think about the death of a loved one. Unfortunately, like paying tax, it is inevitable. But what happens when you are the beneficiary of a deceased estate? In this article we discuss the basics of receiving an inheritance: A loved one has passed away. What happens now? A person [...]

Today we will talk about the Nine Steps To Financial Freedom. What I will do is give a clear game plan from start to finish, that will help you get from where you are, to financial independence (if you are not already there). Here are the steps: I. Vision II. Spending Plan III. Proper Life Insurance IV. Emergency [...]

Commitment, along with patience, is very essential if you want to save money in a profitable manner. It is essential to save while you can, to avoid panicking in a sudden emergency. Money saved is a security that only adds to your level of confidence and quality of life. There are some basic money saving [...]

Part of intelligent money management deals with taxes. While tax issues are getting more complex, being informed about your rights and obligations is getting more and more important. No matter what we do for a living, and whether we have a team of accountants on our side or we prepare our own very simple tax [...]

  Infinite Banking is a process that allows you to recapture the purchase price of any purchase you make and pay yourself the interest that normally would be paid to another financial institution. Many Americans are searching for safe ways to create wealth. At the same time these individuals search for products and investments [...]

**** WARNING **** Before reading any further: This document does NOT constitute financial advice. Before implementing any of the below ideas, you must consult a licensed financial advisor. This information is of a general nature only. These statements represent actual examples that the author has applied to their own financial situation. Everyone’s financial [...]

Financial Statements Introduction: Financial statements generally take the form of records of the financial performance of a business. They provide information about the profitability and general financial health of the organisation. A company’s financial records usually consist of: * Income Statement * Balance Sheet * Cash Flow Statement An income statement, also called a Profit and Loss [...]

In the current financial situation of America the companies are looking forward to the bailout packages sanctioned by the American government. People have currently lost jobs and living off their savings. The next set of people who have jobs have faced job cuts and are unable to make their ends meet. Due to a major [...]

When speaking about taxable accounts, I am referring to those accounts into which you deposited money after taxes.  Personal accounts like checking and savings fall into this category.  There is no tax advantage to having these accounts, as dividend and interest earnings are taxed annually.  So, the term taxable account, applies to these sorts of [...]

Are home improvements tax deductible? Home improvements, like renovating a home or making permanent additions to the home, increase the value of the house while making it more habitable. Home improvement loans, availed for the purpose of making certain improvements, qualify for tax deductions. In addition to these loans, certain expenses also qualify for tax [...]

Variable annuities offer the choice of an income for a lifetime and incomes of increasing your lump sum of money through investments in stocks and bonds.  Variable annuities are primarily sold through insurance companies these types of annuities offer an immediate or deferred payout. A variable annuity provides individuals with a large sum of money [...]

Taxi drivers in the UK must fill in a self assessment tax return if they have worked as a self employed taxi driver at anytime during the financial tax year. Self assessment tax returns should be filed by 30th September each year although the final deadline is the following 31st January. Failing to file the [...]