Tax Time Tips

Tax Time Tips

I’ve been learning more about taxes since I started running my own small business recently. The whole point of running a successful business or having a good lifestyle even if you work for someone else is not how much you earn, but how much you get to keep.

So why is it that Bill Gates and Warren Buffet pay single-digit taxes? Because they know about all the deductions they are eligible for.

To help get you started on your taxes, here is a useful article from Yahoo Finance: 10 Must-Know Tax Terms

http://finance.yahoo.com/taxes/article/101896/must_know_tax_terms

Here is a helpful article on getting organized so taxes do not have to be so painful,

http://finance.yahoo.com/taxes/article/104173/Working-on-Your-Taxes-Get-Organized

and this is a useful database of information on how to avoid the 10 most common tax filing errors.

http://www.bankrate.com/yho/news/financial_literacy/dec07_tax_mistakes_a1.asp
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