In this 3 part interview, Mike Siegel, host of the Boss Business Hour as heard on KDWN in Las Vegas, talks with Geoffrey Lawrence of the Nevada Policy Research Institute. Mr. Lawrence wrote an article titled “Tax the Rich – Soak the Poor” concerning the Bush Tax Cuts and their pending expiration.
Higher taxes? Higher unemployment? Listen in to find out.
In this Boss Business Brief we cover the coming tax changes (especially business taxes). What do you do as a small business? Click here to listen in…
by Clint Coons on August 24, 2010
Have you ever considered tearing down and remodeling your personal residence? Better be careful because the IRS is watching and what appears on its face as an innocuous event can have serious tax ramifications for you down the road. In a recent tax case the IRS was able to convince the Tax Court (Gates v. Comm’r, 135 T.C.) that tearing down and rebuilding your home should have different tax implications than just remodeling it.
As most of you know, Section 121 in the Internal Revenue Code, allows for the exclusion of gain from the sale of property owned and used by the taxpayer as the taxpayer’s principal residence for two of the five years preceding the sale (The excludible amount of gain is $250,000 for single filers and $500,000 for a husband and wife who file a joint return.). Sounds simple enough right? I am sure that is what David Gates thought when started his remodel. Click Here to read more by visiting Clint’s recent post on Bigger Pockets.
Posted by Clint Coons, asset protection attorney, Seattle, WA
Mike Siegel on the Boss Business Hour interviews Randi Thompson with the NFIB (National Federal of Independent Business). They discuss the impact of the health care tax credit on small businesses.
http://www.bossoffice.com
Mike Siegel on the Boss Business Hour Interviews Sharron Angle, Senate candidate in Nevada. Mike asked questions about what she would do to assist small businesses.
Mike Siegel on the Boss Business Hour interviews Chrisopher Gunn from the American Small Business League. Rampant fraud with regard to federally mandated funds for small business is the topic. The issue is how are large corporations getting these funds??? Click here to listen in…
This Boss Business Brief goes over the steps you need to follow to create a good asset protection – a plan that not only protects your assets, but minimizes taxes and creates a convenient vehicle for estate planning. Boss Business Brief
This BOSS Business Brief dives into the sometimes murky world of Internet marketing. Quickly becoming the dominant marketplace, the Internet has rules and nuances that business owners need to utilize.
Liability can flow from all sorts of unexpected places and lawsuits cast a wide net, so it makes sense to be picky about who you do business with because you never know what they might be up to. Listen in to this BOSS Business Brief for examples of the types of things you should be on the lookout for and what you can do to protect yourself.
This BOSS Brief covers the basic information behind establishing separate business credit for you business including the benefits of establishing business credit, how it is different than personal credit and the steps you take to get started.
