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Tag >> Reduce Taxes

The new stimulus package proposed by President Obama has finally been passed, amidst much discussion between the House and the Senate, and between the Republicans and Democrats on Capitol Hill. The details of the package continue to emerge.

The New York Times reports that the bill includes a large amount of tax cuts and tax breaks. Many of these will have a nice, positive impact on those


Planning for Year-End Taxes

Posted by: Carleton Sheets in TaxesReduce Taxes on

There are still 45 days left in 2008, but I am already thinking about filing my taxes. Who doesn't dread tax time! However, it's important to take a good look at your accounting procedures and take any steps before the end of the year to reduce your 2008 tax bill. These include deferring income, accelerating deductions, and planning for any capital gains.

My friends at Tax Principle® have put