Comments on: How to Reduce Your Taxable Income for Next Year

By: Brandy Burke

Brandy Burke — Thu, 10 Jan 2013 19:50:45 +0000

Thank you for this Nicole, I’ve been researching all of the tax information for my virtual assistant business – I’ve been in business for two years and it’s finally generated enough revenue that I’m sort of in a panic about making sure my taxes and expenses are all right. I’m going to indeed need to hire someone.

By: Adrienne Dupree

Adrienne Dupree — Tue, 01 Jan 2013 00:11:16 +0000

Thanks for the blog post Nicole. It was very informative. Now that I work from home for my full time job and also for my internet marketing business, I really need to get professional tax advice.

By: Paul B. Taubman, II

Paul B. Taubman, II — Sun, 30 Dec 2012 14:45:38 +0000

First of all, I am NOT an accountant, nor do I play one on TV.

A bit of tax advice I can share is that even if you do not have the cash to pay your extra tax liability, do NOT simply turn your head the other way! Contact your accountant (or find one if you do not have one) and find out what your options are.

I have heard horror stories that the fees and penalties can end up being MORE than what you owe!

Get the advice you need and address it. Ignoring it is a recipe for many sleepless nights, and paranoia.

Paul.
(Note – fortunately, I have planned well enough and have an awesome tax person that I have not had to personally experience this! )

By: Tom

Tom — Sun, 30 Dec 2012 00:51:41 +0000

I bought a tax guide a few years ago from a seminar I attended and applied a lot of of the tools to my business today saving thousands when I file.

I didn’t know about leasing a vehicle and that really makes sense tax wise.