Welcome to tax law Guide
New 2006 Tax Law Changes Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
Should I Take Tax Law and Advisory Courses?
from:Many business owners have lots of tax questions. Of course, your tax attorney can help you out and answer all of your questions, but there are times when it might be advisable to take tax law and advisory courses yourself, to help you stay abreast of the tax requirements for your business. Here are some things tax law and advisory courses can do for you:
• Help You Better Understand Tax Law – Most of us rely somewhat blindly on our tax attorneys because we have little knowledge on how the tax laws work. But, by taking tax law and advisory courses, we can gain a better understanding of the tax laws for ourselves. Of course, you’ll still have to consult your tax attorney for many things, but you’ll have a much better handle on the issue overall if you learn for yourself.
• Help You Understand Tax Changes – Many business owners take one day tax law and advisory courses each year that are just designed to cover the changes to the tax law for the upcoming year. These quick classes can help you stay abreast of changes and how they might affect your business.
• Save You Money – Of course, tax law and advisory courses cost money. However, they will pay for themselves very quickly if they eliminate some calls to your tax attorney. When you can handle some of your tax issues yourself, you’ll immediately reduce the number of billable hours your attorney is charging.
• Help You Look For Creative Ways to Reduce Taxes – If you better understand the tax laws, you can structure your business in ways that can help you reduce taxes, take advantage of additional deductions and avoid tax pitfalls. Though your tax attorney is there to help you, he doesn’t know the ins and outs of your business the same way that you do, so it’s unlikely that he will be able to make all the suggestions you need to structure your business in a way that legally minimizes taxes.
It’s not likely that you’ll ever eliminate the need for a tax attorney. But, by taking some tax law and advisory courses, you can become more educated about tax laws and how they affect your business. Doing so will make you a smarter and savvier business owner, and may well save you some money along the way. When you’re ready to find these courses, contact your local university or community college to find out about the classes they offer. These classes are typically inexpensive and may count toward continuing education credits, too.
New 2006 Tax Law Changes News
Sen. Grassley To IRS: Whistleblower Office Is A Disgrace
You’ve probably read about IRS whistleblowers cashing in for reporting suspected tax fraud. It may seem to be a new development, but IRS whistleblowing incentives started in 1867! Still, big changes in 2006 raised the stakes materially, adding new Section 7623(b).
Read more...NZ on track to 2014 Budget surplus
Budget 2012 sets out a programme of balanced measures to ensure the Government remains on track to return to surplus in 2014/15, Finance Minister Bill English says.
Read more...PTT Exploration - Recommended Cash Offer by PTTEP for Cove
FOR IMMEDIATE RELEASE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT ...
Read more...Judge rejects Las Vegas attorney's tax initiative lawsuit
Efforts to raise Nevada’s gaming, mining and business taxes through the initiative process never seem to get far — and that held true Tuesday when Kermitt Waters’ latest effort was rejected by a judge. Part of a lawsuit filed by Waters to get a tax initiative on the ballot — this one exempting large casinos — was rejected by Clark County District Court Judge Jerry Wiese in Las Vegas.
Read more...Maine Workers’ Comp Reform Bill Signed Into Law
A new Maine bill that brings wide-ranging changes to the state’s workers’ compensation system was signed into law last week. The bill, signed into law by Maine Gov. Paul LePage, is called An Act to Review and Restructure the Workers’ …
Read more...