Tips for Effective Tax and Personal       Anti-Recession Steps
1. Start Saving NOW!If you have a nest egg stashedsomewhere, good for you. Boost itwith more savings.            If you do...
2. Cut Back On Spending                 ImmediatelyIf you think you need everything you buy, gather your last few weeks   ...
3. Take Big Chunks Out Of                 Your Debt           If you have debts in some form (loans, credit   cards, mortg...
4. Consider Investing? Ask A                 ProfessionalAn experienced financial adviser can help you understand the kind...
5. Know Your DeductiblesReview your tax code for thetypes of items that you can include in your deductibles               ...
6. Keep All Receipts   For Deductions         Audit or no audit, it pays to have         documents that support your tax  ...
7. Consider Leasing Your Business              Vehicle   This will help get you better deductions compared   to what youll...
8. When In Doubt, Always Refer        To A Professional  The personal anti-recession tips you obtain will usually work sea...
Learn more at:http://madsencpa.net/
Upcoming SlideShare
Loading in …5
×

Tips for Effective Tax and Personal Anti-Recession Steps

287 views

Published on

Focus Financial is a Belgrade accountant and accounting firm offering small business tax services, payroll services and other book keeping services to simplify and protect your business tax preparation.

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
287
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Tips for Effective Tax and Personal Anti-Recession Steps

  1. 1. Tips for Effective Tax and Personal Anti-Recession Steps
  2. 2. 1. Start Saving NOW!If you have a nest egg stashedsomewhere, good for you. Boost itwith more savings. If you dont, its time to start immediately.
  3. 3. 2. Cut Back On Spending ImmediatelyIf you think you need everything you buy, gather your last few weeks worth of receipts and rate each item according to necessityChances are, there are a few things there that youll realize now that you didnt really have to buy
  4. 4. 3. Take Big Chunks Out Of Your Debt If you have debts in some form (loans, credit cards, mortgage, etc.), try to pay off as much of your debt as possible.The earlier you do this, the better it will be for your finances.
  5. 5. 4. Consider Investing? Ask A ProfessionalAn experienced financial adviser can help you understand the kind ofoptions you have, given your own resources and the type of risks you are willing to take
  6. 6. 5. Know Your DeductiblesReview your tax code for thetypes of items that you can include in your deductibles Remember that not all expenses can be used as deductions
  7. 7. 6. Keep All Receipts For Deductions Audit or no audit, it pays to have documents that support your tax claims, especially if they refer to deductions
  8. 8. 7. Consider Leasing Your Business Vehicle This will help get you better deductions compared to what youll receive if you purchased the vehicle
  9. 9. 8. When In Doubt, Always Refer To A Professional The personal anti-recession tips you obtain will usually work seamlessly but some steps involving taxes might have certain limitationsBefore implementing these steps, youmight want to consult a basictaxation guide or see an accountantor bookkeeper
  10. 10. Learn more at:http://madsencpa.net/

×