Sunday, January 11, 2009

OpenOffice.Org

My super hero computer guru, pointed me this great program! Its Free and its just like Microsoft Office. You can interact Microsoft documents with Open Office. Try it! You have Spreadsheets, Database, Word and more Get it here. Let me know what you think.

Saturday, January 10, 2009

Donations

Remember to take advantage of cleaning out your unwanted items and donating them to St Vincents Depaul, Goodwill or another non profit.

A great one is also Habitat for Humanity Restore. They take things that Goodwill won't.

Keep a great list of what you take and a price that it would sale for.

To see a donation list try here.

New Stimulas?

Congress is expected to pass another economic stimulus package sometime in February or March!
Wow how about this one. We will have to wait and see.

Well tax season is upon us and of course my computer had to die.
My favorite computer guru Carl Cochran helped me through it.
He is fabulous!

This year will be very interesting for taxes, considering a new President.

I expect to see many new changes during the year.
I plan on going to as many conferences as I can to keep abreast of all of the changes.

Monday, October 20, 2008

2009 Inflation Adjustments Widen Tax Brackets and Expand Tax Benefits

IR-2008-117, Oct. 16, 2008
WASHINGTON — For 2009, personal exemptions and standard deductions will rise and tax brackets will widen because of inflation adjustments announced today by the Internal Revenue Service.

By law, the dollar amounts for a variety of tax provisions must be revised each year to keep pace with inflation. As a result, more than three dozen tax benefits, affecting virtually every taxpayer, are being adjusted for 2009. Key changes affecting 2009 returns, filed by most taxpayers in early 2010, include the following:

· The value of each personal and dependency exemption, available to most taxpayers, is $3,650, up $150 from 2008.

· The new standard deduction is $11,400 for married couples filing a joint return (up $500), $5,700 for singles and married individuals filing separately (up $250) and $8,350 for heads of household (up $350). Nearly two out of three taxpayers take the standard deduction, rather than itemizing deductions, such as mortgage interest, charitable contributions and state and local taxes.

· Tax-bracket thresholds increase for each filing status. For a married couple filing a joint return, for example, the taxable-income threshold separating the 15-percent bracket from the 25-percent bracket is $67,900, up from $65,100 in 2008.

· The maximum earned income tax credit for low and moderate income workers and working families with two or more children is $5,028, up from $4,824. The income limit for the credit for joint return filers with two or more children is $43,415, up from $41,646.

· The annual gift exclusion rises to $13,000, up from $12,000 in 2008.

Small Business Medical Plans

Did you know you can save thousands of tax dollars each year with a a very simple medical plan?
This plan is not new, its been around since the 50's.
Its called Section 105 medical plan. Basically it makes your medical dollars you have to spend anyway deductible on your Schedule C. Learn more about here Biz Plan . This is something we all need!

Small Business Seminar

On Saturday October 25th at the Red Lion in McMinnville Oregon, I will be hosting a small business seminar. I am so excited about the information I can give the attendees.



We are going to start off with business entity types. Being informed about different entities you will be able to make an informed decision about what you should do. There are so many complex reasons in deciding on the entities.



Next we will get right into the guts of the matter. Expenses. This workshop will include the different types of expenses deductible and where they go. I will also have ideas for you to make the most of your deductions.



The Home Office. I love this one. This can reduce your tax burden a great deal if done correctly. I will not only show you the rules, but I will help you understand the process.



Hiring your family members can be a great savings to you. I will help you understand about why you should hire your family members and just what you will need to do. This is a must see!



Networking and Promoting are a favorite of mine. See how fun it will be to do something different!

Medical Plans for the small business. Wow lots to discuss here and some great ideas for you to save money!

Wow How easy is this!

I am getting prepared for delivering my first seminar and I wanted to tell the attendees about blogging. This is so simple!