Tax Tips

403b Retirement Plans: 401k vs. 403b Retirement Plans

To be protected in the future, employees of different organizations, both in private companies and non-profit groups, are recommended to secure their retirement plans such as 401k plans or 403b retirement plans. What are 401k plans and 403b retirement plans? What are the differences between these two plans? What can these do for beneficiaries?

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Financial Planning Tools – Simple, Easy Planning Help

Financial planning tools are made available by professionals to help avoid achieve better financial management results. Finance is a sound management of money that is indispensable and the proper tools and knowledge handling finances can make or break the success of a company or individual.  Planning tools when used properly can provide you the insight you need to make sound decision making and wise financial choices.

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Retirement Planning – How to Transition to Retirement

For a lot of people, retirement is something to look forward to.  It is a time to enjoy the fruits of long years of hard work either through gainful employment or running your own business.  For some people, however, figuring out how to transition to retirement can be quite a struggle.

Even in these incredibly challenging economic times, the period of transition need not be difficult if you have prepared well for it.  Proactive planning can make the transition painless and allow you to know what is coming financially and allow you to plan how to handle your finances to make you self-sufficient for the rest of your retirement days.

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Recommended Small Business Tax Strategies

Paying taxes cannot be avoided, unless you are willing to face dire consequences.  It is a risk that does not have an upside for your business.  In fact, it is even said that aside from death, taxes are the only things that are certain to be unavoidable in this world.  It is probably true.  You may not be able to avoid taxation, but you can handle your taxes smarter…

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Top 10 Home Business Tax Deductions

One of the major advantages of being self-employed or having your own home based business is that there are many allowable deductions that you can claim against your tax obligations to the federal government.  These can all be found, itemized, on the website of the IRS.

What is important is to make sure you document all your business-related expenses and to have them documented properly.

Since a lot of small businesses get audited, and the rate is rising dramatically in recent years, keeping in mind the following top 10 home business tax deductions may help you avoid paying additional taxes and go through the audit process quickly and confidently.

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