Could you live ten days without money? Try it and find out what an asset money really is. Assets have a tendency to multiply. The problem is hardly anybody treats their money as an asset. Read More
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Category Archives: Taxes
Taxation, Money And Banking, With The Infinite Banking Concept By Becoming Your Own Banker
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Investment Rules for 529 College Savings Plans: IRS Eases Rules
Saving for college is always difficult and is even more so during the current economic downturn. One of the most popular college savings plans are so called “529 plans.” The IRS recently announced that participants in 529 plans will be able to change their investments more often in 2009 than in past years. The IRS will allow a change in investment strategy twice in 2009. This is good news for 529 plan participants, especially those who may otherwise be locked into a mix of investments that has turned out to be more speculative than initially contemplated. Read More
Accountant Sheffield - VAT advice to Help Cash Flow
If your VATable turnover is under 1.35 million and you are not using cash accounting, now would be a good time to switch. If you sell goods on credit and you are usually owed more than you owe, cash accounting would probably reduce at least the first payment you make when you join the scheme. Essentially, you only pay VAT when it is collected from customers. Outputs and inputs are based on monies received and paid, rather than amounts invoiced. Read More
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