Consulting Mentor Taxes ArticlesConsulting Mentor Taxes Articlesen-usDRussell@EnvisionSoftware.comhttp://www.ConsultingMentor.com/Category.asp?20TaxesSmall BusinessEntrepreneurshipSelf-EmploymentSearchSearch articles on ConsultingMentor.comSearchhttp://www.ConsultingMentor.com/Search.asphttp://www.ConsultingMentor.com/img/Consulting%20Mentor%20Logo3.gifConsulting Mentor Taxes Articleshttp://www.ConsultingMentor.com/Category.asp?204 Simple Steps to Reduce Your Taxeshttp://www.ConsultingMentor.com/Article.asp?736Are you aware of just how much in taxes you are paying? Here are 4 simple steps to lower your tax bill this year.Wayne M. Davies In Hurricane Katrina’s Wake, Small Businesses Consider Company Car vs. Personal Mileage Reimbursementhttp://www.ConsultingMentor.com/Article.asp?733Companies and individuals alike are now concerned that the federal mileage deduction or their company's gas mileage reimbursement will no longer cover the costs of operating a vehicle for business purposes.Ann-Marie Patero Tax Mistakes 90% of Self-Employed People Makehttp://www.ConsultingMentor.com/Article.asp?502The point of this article is to highlight common deductions that self-employed people miss.Tyler Martin How To Legally Save Thousands of Dollars a Year in Taxes by Incorporatinghttp://www.ConsultingMentor.com/Article.asp?133Besides protecting your personal assets, incorporating may slash your overall tax bill too!Alex Goumakos, CPA How To Take Up To $500,000 Out of Your Corporation TAX FREE!http://www.ConsultingMentor.com/Article.asp?143Here's a LEGAL LOOPHOLE that will allow you to take up to a half million dollars out of your small business corporation TAX FREE!Alex Goumakos, CPA New Tax Law Turns Small Biz Loophole Into A Craterhttp://www.ConsultingMentor.com/Article.asp?270In case you were too busy last year to notice, our beloved politicians passed another tax bill designed to put more dollars in your pocket.Wayne M. Davies How To Audit-Proof Your Tax Return Foreverhttp://www.ConsultingMentor.com/Article.asp?282Congress has passed legislation that is supposed to result in a more "sensitive" Internal Revenue Service. You know, not such a lean, mean, tax-collecting machine.

I DON'T THINK SO! Here's why.

Wayne M. Davies Don't Wait for Tax Time to Look at the Bottom Linehttp://www.ConsultingMentor.com/Article.asp?295A curious thing happens to entrepreneurs in the spring of every year. They wake up one day and realize they had better figure out how much money they made last year so they can pay their taxes. But wait, shouldn't a business owner already KNOW how much money he or she made last year, last quarter, or last month?C. J. Hayden How To Avoid Getting Burned By Your Own Tax Returnhttp://www.ConsultingMentor.com/Article.asp?301I did it. I finally did it.

Last weekend, while the rest of Fort Wayne celebrated the long-awaited onset of springtime temperatures, I stayed inside and did something I've never done before.

I burned my first CD.

Wayne M. Davies How to Let the IRS Pay for Your Kids' Summer Camphttp://www.ConsultingMentor.com/Article.asp?318Looking for a way to save some money this summer? Here's a way to let Uncle Sam pick up the tab for your children's fun.Wayne M. Davies Tax Deduct Your Next Vacationhttp://www.ConsultingMentor.com/Article.asp?311It is perfectly legal to deduct your next vacation. Here's how to do it.Wayne M. Davies How to Deduct Your Commuting Mileagehttp://www.ConsultingMentor.com/Article.asp?345For most folks, commuting mileage is a non-deductible expense -- unless you know the little tax trick I'm about to reveal.Wayne M. Davies Making Tax Time Less Taxing : Part Five--Check for Common Errors!http://www.ConsultingMentor.com/Article.asp?350According to the IRS (Tax Topic 303) here are some of the common errors people make when filing their returns. Review this list against your return before filing, any of these errors can get your return rejected and delay your refund.John M. Hanevy How To Get A $1,000 Refund By Filing An Amended Tax Returnhttp://www.ConsultingMentor.com/Article.asp?340Did you know you can actually get a refund for a return that you already filed?Wayne M. Davies Tax Magic:How To Turn Taxable Income Into Tax-Free Incomehttp://www.ConsultingMentor.com/Article.asp?355Believe it or not, there are ways to convert taxable income into non-taxable income, without any fear of an IRS audit.Wayne M. Davies Making Tax Time Less Taxing : Part Four--Take Your Deductions!http://www.ConsultingMentor.com/Article.asp?357When filing your taxes, don't forget to take any credits, or deductions, you are entitled to. This sounds like a no-brainer, but tax law is constantly changing and there may be new credits or deductions that you qualify for. Alternatively, you may qualify for a credit that you were unable to take the previous year.John M. Hanevy Making Tax Time Less Taxing : Part Three--Know Your Status!http://www.ConsultingMentor.com/Article.asp?362In order to file your income taxes properly you must know how to classify your business--what's your status? Are you an Independent Contractor, a Direct Seller, a Corporation? The tax laws are different for each.John M. Hanevy Making Tax Time Less Taxing : Part Two--Use A Tax Program!http://www.ConsultingMentor.com/Article.asp?124Even if you have good records, doing your taxes is still a dreaded chore. Tax programs can help minimize the drudgery, and most are available at a very low cost--some are even free! So how do you find one that's right for you?John M. Hanevy Making Tax Time Less Taxing : Part One--Keep Good Records!http://www.ConsultingMentor.com/Article.asp?365If you're like most people you rank doing taxes very low on your list of favorite things to do--right above cleaning the bathroom fixtures, if not lower! Unfortunately, taxes are a necessary evil--so how can you make the process less painful?John M. Hanevy Procrastinators of the World, Unite!http://www.ConsultingMentor.com/Article.asp?383For all you procrastinators out there, here's a nuts 'n bolts guide on how to legally postpone the filing of your Year 2003 income tax returns.Wayne M. Davies 5 Tax Myths That Are Costing You A Bundlehttp://www.ConsultingMentor.com/Article.asp?392This article is based on the following 2 assumptions:

1) You are a small business owner or self-employed person (including home-based businesses and part-time entrepreneurial activities).

2) You don't like to pay taxes. In fact, whenever you think about paying taxes, you get so mad you end up "all lathered up and nowhere to go."

Wayne M. Davies Take a Tax-Deductible Dream Triphttp://www.ConsultingMentor.com/Article.asp?416Is extensive travel one of your unfulfilled dreams?Marcia Yudkin Deducting Mileage of your Commuting Mileage Expensehttp://www.ConsultingMentor.com/Article.asp?101For most folks, commuting mileage is a non-deductible expense -- unless you use the tax trick in this article!http://www.ConsultingMentor.com/Forum/Topic.asp?TopicID=42Wayne M. Davies The 41 Cent Mistake - Mailing Your Tax Return to the IRShttp://www.ConsultingMentor.com/Article.asp?99When it comes to filing your tax return, spending 37 cents could be the biggest mistake you ever make.http://www.ConsultingMentor.com/Forum/Topic.asp?TopicID=40Wayne M. Davies How To Make Sure 2007 Is A Happy New (Tax) Yearhttp://www.ConsultingMentor.com/Article.asp?96As a small business owner or self-employed person, one of the easiest ways to keep Uncle Sam off your back and out of your life is to file your forms, payments and paperwork on time. Here are the crucial dates, all in one place, along with links to the IRS website PDF file for that particular form.http://www.ConsultingMentor.com/Forum/Topic.asp?TopicID=37Wayne M. Davies Tax Deducting Your Vehicle and Driving Costshttp://www.ConsultingMentor.com/Article.asp?97There's a goldmine of deductions sitting right there in your garage…http://www.ConsultingMentor.com/Forum/Topic.asp?TopicID=36Wayne M. Davies