Everything LLC You Never Want To Look Up Yourself

Posted by ITPN Writer | Posted in Financial Advisement | Posted on 05-07-2016

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LLC, A Distinct Legal Entity, A Limited Liability Company

How To Start An LLC:

Maybe More Importantly, What Is It?

  1. LLC VS Sole Proprietorship VS Partnerships VS S Corporations. What is it not?
    1. Sole Proprietorship – google says, “Also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one natural person and in which there is no legal distinction between the owner and the business.”
      1. An LLC is NOT you. There is a legal distinction between you and your business.
    2. Partnership – google says, “A partnership is a single business where two or more people share ownership. Each partner contributes to all aspects of the business, including money, property, labor or skill. In return, each partner shares in the profits and losses of the business.”A multiple member LLC is actually more common.
      1. SMLLC, single member LLCs, were recently up for debate in some of states. Luckily all 50 states allow them, otherwise there would have been a question about SMLLC is some states being recognized in other states. All is set for GO!
    3. S Corp – Is a little more complex.
      1. The jist:  an S Corp is to avoid double taxation…once to the government and another time to share holders. Here is an article about it.
        1. An LLC doesn’t have shareholders.
      2. In a S Corp you pass the profits and losses through your personal tax return
      3. The S stands for Small. 
      4. Good news, you could get S Corp status for your LLC.
    1. Corporation – a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
      1. Theses are the Top 6 Reasons to Incorporate
        • Personal asset protection
        • Tax flexibility and incorporation tax benefits
        • Enhanced credibility
        • Brand protection
        • Perpetual existence
        • Deductible expenses
      2. Did you  know you can incorporate your business in any state you want? Some states are better for your bottom line.
  2. If you are ready to get your business process going but don’t have money to make money
    1. Click here to get a loan. llc
    2. Click here to enter for a $1000 Best Buy gift card to stock that business, whatever sort you choose

.

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Credit Card Chip Technology: It’s Going to Take Awhile

Posted by wpadmin | Posted in Business and Corporations, Financial Advisement, Government, Personal Finance, Taxes | Posted on 10-02-2016

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As seen here, the expectation is people may be wary about the whole credit card switch thing from magnetized strip to tiny computer chip (especially with credit card fraud always being a problem) despite these three reasons why we shouldn’t be scared. We’re protective over our plastic! However, fear not: this isn’t a change that’s […]

The post Credit Card Chip Technology: It’s Going to Take Awhile appeared first on THE INCOME TAX PLANNING NETWORK.

The post Credit Card Chip Technology: It’s Going to Take Awhile appeared first on Independent Credit Solutions.

The post Credit Card Chip Technology: It’s Going to Take Awhile appeared first on Cloud Based Bookkeeping.

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Credit Card Chip Technology: It’s Going to Take Awhile

Posted by wpadmin | Posted in Business and Corporations, Financial Advisement, Personal Finance, Taxes | Posted on 08-02-2016

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As seen here, the expectation is people may be wary about the whole credit card switch thing from magnetized strip to tiny computer chip (especially with credit card fraud always being a problem) despite these three reasons why we shouldn’t be scared. We’re protective over our plastic! However, fear not: this isn’t a change that’s going to happen overnight, even though the two major credit card companies, Visa and MasterCard, recently announced back in October that all consumers will be receiving new cards with credit card chip technology enhancements.

The Big Issue Is Functionality, Really: Not That Credit Card Chip Technology’s Unreliable!credit card chip technology-1

In fact, many foreign countries utilize the EMV standard over the magnetic strip with astounding protective results. ID theft and credit card fraud become extinct dinosaurs in this ever-evolving landscape of finance and technology, but would you like to know specifically why this transition from magnetic strip to credit card chip technology is going to take a long time? Click here.

Additionally, it’s not like we and credit card companies will be the only ones facing the change. Retailers will face it, too. Think about all those grocery lines needing new installments of those specialized credit card readers. You’ve imagined the clerk hopelessly throwing away that manual card swiper all those generations ago. We’re at it again, people. Those automatic card swiping machines will also go extinct.

But the change will have to be gradual once you see the gravity of how much businesses all over the nation will have to transition and accommodate the new credit card chip technology. Want to know how many merchants out there are ready for the change (and when everyone will be completely operational)? Find out right here.

Needless to Say, It’s a Tricky Situation

But the good news is you don’t have to stress right now. In fact, you might not even notice the transition as its happening. We don’t want the consumer base to be stressed! No one does. We’re not in charge of it, of course, but the fact remains — if financial establishments are starting to make it difficult for our customers wanting to simply file their taxes, or plan their budgets, we’re not happy.

So it’s our duty to inform you ahead of time. It’s our pleasure. Sign up today and let’s get to work on your finances right now before more dinosaurs go extinct.

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Understanding the Jedi Language of P&L Statements

Posted by wpadmin | Posted in Business and Corporations, Financial Advisement, Government, Personal Finance, Taxes | Posted on 22-01-2016

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Being an entrepreneur like Luke Skywalker (or Count Dooku — rest in peace, Mr. Lee) working for yourself can bring a whole host of benefits – better well-being, better business hours, and being happy in what you do are the positive sides to entrepreneurship along with wielding your trusty light saber. But what usually comes […]

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4 Ways to Know Donald Trump’s Take on Financial Forecasting Failure

Posted by wpadmin | Posted in Business and Corporations, Financial Advisement, Government, Personal Finance, Taxes | Posted on 22-01-2016

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Who doesn’t love the hairpiece? Seriously. Donald Trump’s the poster child, perhaps, for a special kind of hair, but also for just mega-success, so you’d have to expect that such a man knows a bit about financial forecasting failure. How does one see all the wrong signs and then walk into a financial wall of fire? Very simply, actually, as detailed here:

It’s All About Accuracy When it Comes to Financial Forecasting

Hence, if you don’t have it, you’re going to lose. You’re fired as Donald Trump would say. Given he’s probably one of the most prolific entrepreneurs of our age, these tips would go quite well with his business ethic, so as someone who may be considering everything from a cloud-based bookkeeping service to a rent-to-own consultant or even a 2-hour tax return, you might like to consider the content here as a wealth of resources —financial forecasting failure Donald Trump

And that’s just the beginning. You can read more about it at the Income Tax Planning Network and Cloud Based Bookkeeping, getting access to services that’ll keep you on the right track with your business finances. But more importantly….

“You Have to Think Anyway, so Why Not Think Big?”

Donald Trump said that. Wise words. He also said all the women on the show “The Apprentice” flirted with him, either consciously or subconsciously. We won’t judge. After all, he’s a successful businessman.

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Why Flypaper Might Be Related To Business Revenue Success

Posted by wpadmin | Posted in Business and Corporations, Financial Advisement, Government | Posted on 22-01-2016

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This morning, while trying to get something off a high shelf, I caught a piece of flypaper with my arm. Have you ever accidentally touched flypaper? For the unenlightened, I’ll explain. Three bouts of  vigorous scrubbing, four hours of work, an hour-long jog, and three episodes of “Criminal Minds” later,  the faint residue of fly-catching […]

The post Why Flypaper Might Be Related To Business Revenue Success appeared first on INTERNET LEGAL PLANS.

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Maximizing Business Taxes as a Real Estate Professional

Posted by wpadmin | Posted in Business and Corporations, Financial Advisement, Government, Personal Finance, Taxes | Posted on 22-01-2016

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What kind of business tax write-offs are we talking about? Plenty. It’s staggering just what you can deduct from your taxes and get some money back for your investment, and make no mistake — in the real estate business, even as our domestic market continues to grow with the surging home prices, foreign interest in U.S. real estate, the burgeoning mortgage trends, and millennials everywhere taking the industry by storm as the newest home buyer of the the rest of this decade, you want to stay ahead in the game with your business investments and keep the revenue flowing.

One Surefire Way to Do That Is to Make Sure You’re Taking Advantage of All of Your Business Taxes

It’s staggering just how much many real estate agents don’t know about their tax returns. This is just a list of what you can deduct for business taxes, but one thing’s for sure: you must consult with a professional at the Income Tax Planning Network and get going now. The faster you do it, the faster you get that tax refund deposit!

Business Travel

Communications

Supplies & Equipment

  • Briefcases
  • Stationary & Other Office Suppliesbusiness taxes equipment
  • Calculators
  • Cameras & Lenses
  • Vacuum Cleaners
  • Windex & Soap Scum Remover
  • Computers, Laptops & Tablets
  • Flashlights
  • GPS
  • Hard & Flash Drives
  • Lock Boxes & Keys
  • Maps
  • Printers & Scanners
  • Tape Measures
  • Repair & Maintenance
  • Security Systems
  • Utilities
  • Insurance Costs
  • Mortgage Interest or Rent
  • Property Taxes

Your Workforce (If You Have One)business taxes payroll

  • Clerical Support
  • Family Wages (It’s the Truth, No Joke)
  • Payroll & Unemployment Taxes
  • Sales & Virtual Assistants

Other Office Expenses

  • Desk Fees
  • Coffee & Drinking Water Provisions
  • Copier Fees
  • Janitorial Services

Professional Fees

  • NAR
  • NAIREB
  • NAREB
  • NAEBAbusiness taxes legal
  • CREA
  • Chamber of Commerce
  • Bank Fees
  • Bookkeeping
  • Business Licensure
  • E&) Insurance
  • Franchise/Affiliation Fees
  • Interest on Business Purchases
  • Legal Fees
  • MLS Fees
  • Tax Preparation Fees

Retirement Costs

  • The Defined Benefit Plan
  • Self-Employment Pension (SEP)
  • Simple IRA
  • Solo 401k

Real Estate Selling Expenditures

  • Appraisals
  • CL100’s
  • Client Gifts (Less Than $25 Per Client)
  • Closing Attorney Fees
  • Concessionsbusiness taxes real estate
  • Courier Services & Delivery Fees
  • Finder Fees & Referrals
  • Listed Property Repairs
  • Home Warranties
  • Inspections
  • Notary Fees
  • Open House Costs
  • Photo Editing
  • Home Staging
  • Startup Organizational Costs

Overwhelmed, Yet? Don’t Be. This Is All Good for the Business Taxes.

And as a real estate agent, you’ll be doing just fine, especially after looking at this more comprehensive tax write-off guide. Yes, there’s even more you can deduct from your taxes.

So don’t sweat it. You’re doing just fine. You’ve got the business taken care of with CBB, and if you’re ready after itemizing everything from your toothpicks to telemarketing services, register with the Income Tax Planning Network right now and get those taxes done immediately.

The post Maximizing Business Taxes as a Real Estate Professional appeared first on Cloud Based Bookkeeping.

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Your Ultimate Tax Write-Off Guide for Real Estate Agents

Posted by wpadmin | Posted in Business and Corporations, Personal Finance, Taxes | Posted on 05-01-2016

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The real estate biz is a tough cage fight where you’ve got to lock the kimura and force a tap-out before you’re knocked to the ground. Make no mistake about it. And when it comes to real estate agents, that iron jaw’s crucial; but what happens when you’re getting hit way too much financially that you don’t know how to keep your wits about you? This is what you do….

You Take Advantage of Your Tax Write-Offs!

Remember: you’re a professional. An entrepreneur. You’ve got a wealth of tax write-offs at your fingertips, and if you’re missing anything, you could be losing out on a lot for your tax refund. Some of thesereal estate agents-1 specifics might actually shock you, but we’ve broken it down to four verticals for your to keep in mind, but as always, consult your tax expert with ITPN right now to get the goods on maximizing your refund this year:

Work on Your Ground Game as Real Estate Agents, and the Battle’s All Yours to Win

You’re a professional. You utilize social media to maximize your visibility. Your investment brings in lead after lead. It’s time to get some more back for all your hard work. How do you do it? You use this ultimate tax write-off guide for real estate agents. Sign up immediately for more information about what you need to do with your taxes and get your year started off on the right foot.

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3 Reasons Why Donald Trump Might Kill the Economy

Posted by wpadmin | Posted in Business and Corporations, Financial Advisement, Government | Posted on 29-09-2015

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So, listen — ITPN won’t bash. We won’t ridicule, although our country’s known for plenty of political and celebrity satire (how about that comb-over?). But Donald Trump does know the ins and outs of business and finance in a big way, so far be it from us to criticize the Donald for something as grand a scale as this new tax plan he’s proposing as a bid to increase his candidacy on the Republican side.

But we’ll play devil’s advocate here…. It’s only fair. You want to know what’s up with Donald Trump and his new tax plan? Here’s some inside interpretation and speculation about what can happen to you if the Donald’s elected and proposing this new tax plan:

Donald Trump and His New Tax Plan: Huge, Expensive…. And Riskydonald trump-1

As Donald Trump would say, you’ve got to think “big.” And this tax plan of his is definitely big. There are a few problems that could arise from implementing this tax plan, although on the surface it does sound good. For starters….

We Understand, Donald Trump: You Want to Please Everyone

After all, everyone pokes fun at you — the cost of being in the public life as a candidate for, well, public office, and for several other figures in today’s news. Sure, he ends up looking like a whiny baby, and truth be told…. The man might have something here.

That tax plan looks very much like your typical GOP plan with the standard tax cuts and deduction limits you’d expect, but when you learn just by how much this tax plan of Donald Trump goes way out there in a black hole of a financial vacuum, you begin to wonder — will we swallow ourselves up in more debt just for the sake of enjoying our money? Are we putting too much faith like Pope Francis in the prospect of people wanting to spend their hard-earned dollars they’ve kept due to personal finance excellence, perhaps stimulating the economy and maybe looking to advance careers? Possibly.

Talk about a financial leap of faith there. Even Ahmed Mohamed sees this as a “clock” that might not ‘work’ like it should…. Want help with your finances and taxes? Click here to make sure your “clock” continues to work!

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5 Real Facts About Government Aid for Low-Income Families

Posted by wpadmin | Posted in Government, Personal Finance | Posted on 16-09-2015

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Life just happens, good or bad, for many families out there in the United States. There’s no denying it. Single mothers, even single fathers: low-income families have a burden on their shoulders where basic bookkeeping becomes a stress of mammoth proportions due to the fact that there’s never enough income generated to pay necessary bills just to make it day by day.

So what has to be in place? Simply put, government aid. It’s almost a necessity for low-income families. But whether you think it’s a crutch or not, and whether many simply seem to take advantage of the benefits offered by the government, one thing is clear — even the families that do work hard seem to only make it by the skin of their teeth, having to pull from their next paychecks to pay back someone who lent money, or robbing “Peter” to pay numerous “Pauls,” because the fact is this — government aid can only do so much in comparison to personal finances (and, yet, there’s so much going into those funds that it may shock you).

Here Are Five Facts That Just Might Blow You Away With Respect to Government Aid and Low-Income Familieslow-income families

What Do These Facts Mean to You? That They Prove Benefits Don’t Benefit?

On the contrary…. They certainly make their mark. If it wasn’t for these programs, you’d have single parents on minimum wage or low-income families stuck in homeless shelters without any way to make the rent payment. That’s just a matter of fact….

But when you’ve got a certain fast-food chain making anywhere around $4.8BB in annual profits, it begs the question about employment — why not pay your workers what they earn with all the hours they put in, or want to put in, so they can get off of government aid and not have to pick and choose on their expenses?

Your average low-income worker will have just over $6K in annual income and about $11K in benefits for food, rent and child care. How’s that for a perspective on low-income families?

ITPN recognizes there’s a problem with the current system we have in place. So let’s fix it. Now.

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Support our Sponsors

Life just happens, good or bad, for many families out there in the United States. There’s no denying it. Single mothers, even single fathers: low-income families have a burden on their shoulders where basic bookkeeping becomes a stress of mammoth proportions due to the fact that there’s never enough income generated to pay necessary bills just to make it day by day.

So what has to be in place? Simply put, government aid. It’s almost a necessity for low-income families. But whether you think it’s a crutch or not, and whether many simply seem to take advantage of the benefits offered by the government, one thing is clear — even the families that do work hard seem to only make it by the skin of their teeth, having to pull from their next paychecks to pay back someone who lent money, or robbing “Peter” to pay numerous “Pauls,” because the fact is this — government aid can only do so much in comparison to personal finances (and, yet, there’s so much going into those funds that it may shock you).

Here Are Five Facts That Just Might Blow You Away With Respect to Government Aid and Low-Income Familieslow-income families

What Do These Facts Mean to You? That They Prove Benefits Don’t Benefit?

On the contrary…. They certainly make their mark. If it wasn’t for these programs, you’d have single parents on minimum wage or low-income families stuck in homeless shelters without any way to make the rent payment. That’s just a matter of fact….

But when you’ve got a certain fast-food chain making anywhere around $4.8BB in annual profits, it begs the question about employment — why not pay your workers what they earn with all the hours they put in, or want to put in, so they can get off of government aid and not have to pick and choose on their expenses?

Your average low-income worker will have just over $6K in annual income and about $11K in benefits for food, rent and child care. How’s that for a perspective on low-income families?

ITPN recognizes there’s a problem with the current system we have in place. So let’s fix it. Now.

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Life just happens, good or bad, for many families out there in the United States. There’s no denying it. Single mothers, even single fathers: low-income families have a burden on their shoulders where basic bookkeeping becomes a stress of mammoth proportions due to the fact that there’s never enough income generated to pay necessary bills just to make it day by day.

So what has to be in place? Simply put, government aid. It’s almost a necessity. But whether you think it’s a crutch or not, and whether many simply seem to take advantage of the benefits offered by the government, one thing is clear — even the families that do work hard seem to only make it by the skin of their teeth, having to pull from their next paychecks to pay back someone who lent money, or robbing “Peter” to pay numerous “Pauls,” because the fact is this — government aid can only do so much in comparison to personal finances (and, yet, there’s so much going into those funds that it may shock you).

Here Are Five Facts That Just Might Blow You Away With Respect to Government Aid and Low-Income Familieslow-income families

What Do These Facts Mean to You? That They Prove Benefits Don’t Benefit?

On the contrary…. They certainly make their mark. If it wasn’t for these programs, you’d have single parents on minimum wage or low-income families stuck in homeless shelters without any way to make the rent payment. That’s just a matter of fact….

But when you’ve got a certain fast-food chain making anywhere around $4.8BB in annual profits, it begs the question about employment — why not pay your workers what they earn with all the hours they put in, or want to put in, so they can get off of government aid and not have to pick and choose on their expenses?

Your average low-income worker will have just over $6K in annual income and about $11K in benefits for food, rent and child care. How’s that for a perspective?

ITPN recognizes there’s a problem with the current system we have in place. So let’s fix it. Now.

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Life just happens, good or bad, for many families out there in the United States. There’s no denying it. Single mothers, even single fathers: low-income families have a burden on their shoulders where basic bookkeeping becomes a stress of mammoth proportions due to the fact that there’s never enough income generated to pay necessary bills just to make it day by day.

So what has to be in place? Simply put, government aid. It’s almost a necessity. But whether you think it’s a crutch or not, and whether many simply seem to take advantage of the benefits offered by the government, one thing is clear — even the families that do work hard seem to only make it by the skin of their teeth, having to pull from their next paychecks to pay back someone who lent money, or robbing “Peter” to pay numerous “Pauls,” because the fact is this — government aid can only do so much in comparison to personal finances (and, yet, there’s so much going into those funds that it may shock you).

Here Are Five Facts That Just Might Blow You Away With Respect to Government Aid and Low-Income Familieslow-income families

What Do These Facts Mean to You? That They Prove Benefits Don’t Benefit?

On the contrary…. They certainly make their mark. If it wasn’t for these programs, you’d have single parents on minimum wage or low-income families stuck in homeless shelters without any way to make the rent payment. That’s just a matter of fact….

But when you’ve got a certain fast-food chain making anywhere around $4.8BB in annual profits, it begs the question about employment — why not pay your workers what they earn with all the hours they put in, or want to put in, so they can get off of government aid and not have to pick and choose on their expenses?

Your average low-income worker will have just over $6K in annual income and about $11K in benefits for food, rent and child care. How’s that for a perspective on low-income families?

ITPN recognizes there’s a problem with the current system we have in place. So let’s fix it. Now.

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Life just happens, good or bad, for many families out there in the United States. There’s no denying it. Single mothers, even single fathers: low-income families have a burden on their shoulders where basic bookkeeping becomes a stress of mammoth proportions due to the fact that there’s never enough income generated to pay necessary bills just to make it day by day.

So what has to be in place? Simply put, government aid. It’s almost a necessity for low-income families. But whether you think it’s a crutch or not, and whether many simply seem to take advantage of the benefits offered by the government, one thing is clear — even the families that do work hard seem to only make it by the skin of their teeth, having to pull from their next paychecks to pay back someone who lent money, or robbing “Peter” to pay numerous “Pauls,” because the fact is this — government aid can only do so much in comparison to personal finances (and, yet, there’s so much going into those funds that it may shock you).

Here Are Five Facts That Just Might Blow You Away With Respect to Government Aid and Low-Income Familieslow-income families

What Do These Facts Mean to You? That They Prove Benefits Don’t Benefit?

On the contrary…. They certainly make their mark. If it wasn’t for these programs, you’d have single parents on minimum wage or low-income families stuck in homeless shelters without any way to make the rent payment. That’s just a matter of fact….

But when you’ve got a certain fast-food chain making anywhere around $4.8BB in annual profits, it begs the question about employment — why not pay your workers what they earn with all the hours they put in, or want to put in, so they can get off of government aid and not have to pick and choose on their expenses?

Your average low-income worker will have just over $6K in annual income and about $11K in benefits for food, rent and child care. How’s that for a perspective on low-income families?

ITPN recognizes there’s a problem with the current system we have in place. So let’s fix it. Now.

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You’re probably wondering how you could possibly make money just from receiving our benefits. Easy. As a member of ITPN, we’ll put it in perspective for you: if you refer just one friend or family member to us each month, this is what you get, right in your pocket: $40 for each referral.income tax family

That’s $480 each year. In your pocket. Get the picture? Makes the Income Tax Planning Network’s $25/month membership seem like pennies when you think about it. And that’s just when you refer only one person a month to us. Want to do the math if you refer five people to us? Or ten people?

How can you not take advantage of this unique benefit?

Thank You for Helping Us Grow Our Family. Your Family.

Thank you for being a part of this family. Please do call our office at 888-203-3030 to set up your free marketing training, starting you off on generating revenue with us right away.

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