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For many people across the country who wish to be their own bosses on a daily basis, the idea of the franchise business opportunity has proven to be very beneficial. A franchise business opportunity gives an entrepreneur a chance to try starting up his or her own business while still remaining in the safety net of an established business model. Benefits of a franchise business opportunity can include a more flexible work schedule, the...more
Capital Gains Tax will be a target in the coalition Governments budget on June 22, warns Kent lawyer Harvey Barrett.Harvey, partner and head of private client, trusts and estates at leading regional law firm Furley Page, explains: Capital Gains Tax is payable when you dispose of a chargeable asset so if you have assets heavy with gains its crucial that you review your affairs before the budget and find out how you can minimise your tax bill.Any changes announced in the budget could take place immediately, giving us no further notice to plan, or come in with the new tax year on April 6, 2011. Its unlikely that it will be retrospective, though.Since April 2008 weve been spoilt, relatively speaking, with a CGT rate of 18%. Prior to that, capital gains were taxed as an extension of our taxable income with the highest rate of tax being 40%.Some assets are exempt - such as cash and classic cars - but many arent, probably the most common of which being land and property (located anywhere in the world) and shares.Everyone has an annual allowance deductible from gains currently 10,000. Some relief is available, say on the disposal of your main residence or of business assets.Harvey cites...more
With Americans across the country tightening their belts, it might seem like an unusual time to start your own business. But the truth is that there"s never been a better time!Did you know that the Great Depression created more millionaires than any other era in American history? The reason is because even in an economic downturn, people still...more
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If you"ve always dreamed of owning your own business""but haven"t found the right fit or the right financing""Tri Tax could be a dream come true. Founded by Carlos Marquez as a way to help people in his own neighborhood, Tri Tax continues to assist the Hispanic community""not only by offering affordable, professional tax preparation services, but by offering something more: a chance to own a successful franchise. "Here at Tri Tax, we"ve helped many in the Hispanic community with interest-free financing," Marquez says. "Tri Tax is a win-win opportunity; if people are willing to invest in the opening of their office, we can assist them with the franchise costs."Last year Tri Tax financed a select few qualified franchisees, and by the second month of tax season, they had repaid their debt in full. "Unlike other businesses, the return on investment in this industry is fast, and the initial investment required is extremely affordable," Marquez explains. "Many are going through difficult financial times, but that shouldn"t be a deterrent to starting your own business. If you have the drive to succeed and can follow a system, we want you!"Marquez says that a white collar profession such...more
If you are considering starting your own franchise, the most important thing to examine is the state of the industry you are about to enter. This will help you determine the potential longevity of your future business. After all, if one negative...more
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This tax is levied with sole purpose of using the funds collected from the tax for construction and maintenance of highways. Now let us discuss the critical details about form 2290 under the following topics: IRS Form 2290 Purpose IRS Form 2290...more
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According to Intuit's Annual List of Tax Procrastinating Cities, Toronto topped the list. (These statistics were gathered in late April of 2009 - data related to 2008 tax year). Intuit is a maker of Quicktax, Quicktax tax online preparation software,...more
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