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Archive for September, 2009

The Business Opportunity That Keeps on Giving

What is it you want, I mean really want?

Most of us want time and freedom so we can pursue those things we always wanted to do, we just need the time and money to do it.

Picture it! You are sitting around by the pool. You check your e-mail and see your account growing even more than yesterday.

Is it possible?

You may have heard of this happening to someone else but can it happen to you?

3 Questions

1)How is it possible to create the residual income
and keep it coming in long after we work?

2)How can we maxamize the money we make as far as time placed?

3)How can we create the first 2 outcomes with little to no initial investment.

If this doesn’t sound good to you then perhaps affiliate marketing isn’t your thing.

How many of home based business opportunites will allow you to leverage yourself so you can create residual income plus access the billions of people around the planet?

Even most network marketing companies won’t allow you to access more than a few countries.

If you look, there are alot of home based construction, debt collection,
photography,web design type businesses. These kinds of businesses means you are paid based on how hard you work. If you want to create residual income you need to look beyond what you can do by yourself. You want to look at how you can leverage yourself globally to generate a healthy growing income.

This is the power of on line marketing.

You can create the lifestyle you want. You don’t need a lot of money or time. You can build your business on your schedule.  It does take some time to learn and understand. But so does being a lawyer or doctor. Yet you can far surpass the income of any lawyer or doctor out there.

This doesn’t mean you have to go to 20+ years of school to become a master at affiliate marketing. If you study hard and try to learn as much as you can, you can start making a healthy income within a year.

So let’s look at the three questions asked earlier.

1)How is it possible to create the residual income
and keep it coming in long after we work?

With online marketing you can share a product that other affiliates will want to promote and you get something in return. It could be free advertising for your website, or it could be a percentage of every sale. Can you see how long after you put in the work of creating and or selling a product you can continue to make residual income? You can sell products which will continue to pay you month after month for just one introduction. These include membership products and things of that nature.

2)How can we maxamize the money we make as far as time placed?

There are affiliates out there who have created a huge list of members or subscribers to their ezine. All they have to do is promote a new product and Wham! They just got well paid for their time.

Like say $30,000 an hour. Not too shabby.

3)How can we create the first 2 outcomes with little to no initial investment.

Being an affiliate marketer is almost always free.
Obviously merchants want as many affiliates out there promoting their product so why charge them when it will only hurt their business.

In conclusion. Affiliate Marketing Rocks. Where else can you get residual increasing income that pays hourly most people make in a year.

Good Luck Fellow Affiliate Marketer.

Make Your Dreams Come True.

Mat Gunnufson
craii.com

This article is available for republication. Must include every line including this one.

About the Author

Thank You for reading my article. You can find out more information about affiliate marketing at craii.com. It’s free and full of information to help you get started right.

Tax Deductions for Small Business Owners

Tax Deductions for Small Business Owners

Tax tips and tax help to assist taxpayers by describing options
for tax reduction and tax cuts through lawful tax deductions.

Small business owners need all the tax help which is available. Tax deductions allow small business owners to keep more of what they earn. With a 35% marginal tax rate, the government is a silent partner who takes no risk and over one-third of the profits. Tax deductions are neither simple, straight forward, or intuitive. However, the effort to increase tax deductions is well worth the effort.

Tax Help Tip 1: Tax deductions reduce taxable income for small business owners but do not directly reduce federal income taxes. (Tax credits, such as low income housing investment tax credits, directly reduce federal income taxes) Both cash and non-cash tax deductions merit review.

Tax Help Tip 2: Cash disbursements can be expensed (used as a tax deduction in the current year) or depreciated (capitalized and depreciated or amortized over a period of years). Due to the judgment required to determine what should be capitalized, there is some discretion. For example, a local gang paints graffiti on a portion of the side of your building. You decide to repaint the entire side of the building instead of just the portion with graffiti. Is this a repair (can be used as a tax deduction) or should it be capitalized (and depreciated over time)? Some owners would elect to expense repainting the entire building. Business owners should seek counsel from their advisor regarding discretionary tax deductions.

Tax Help Tip 3: Real estate provides bountiful tax deductions for small business owners. Most real estate owners inadvertently understate depreciation and thus forego available tax deductions. The common practice is to simply separate land and long-life property (depreciated over 39 years for commercial property and 27.5 years for rental residential property). Real estate owners can typically increase depreciation by 50-100% in the first 5-7 years of ownership by utilizing cost segregation. Cost segregation can separate up to 130 items that can be depreciated over 5, 7, or 15 years (instead of 27.5-39 years). These short-life items typically comprise about 20-40% of the improvement cost basis. The increased depreciation increases tax deductions.

Cost segregation can be utilized for recently purchased or built properties and for properties owned for a period of years (1/1/87 or later). Long-term real estate owners can claim a one-time tax deduction windfall using catch-up depreciation.

Tax Help Tip 4: After a cost segregation study is prepared, the owner can “catch-up” previously under-reported depreciation (without filing any amended tax returns).

Tax Help Tip 5: Another source of “hidden” tax deductions is a careful review of your fixed asset schedule. Many fixed asset schedule include items which should have been expensed or which have been discarded (or should be thrown away). Misclassified items are another source of additional tax deduction. In some cases the depreciation life for an asset has been overstated through clerical error. A fixed asset audit typically generates meaningful tax deductions.

Other Tax Help Articles: Other non-cash sources of tax deductions are amortization, casualty losses, and charitable contributions, which are addressed in separate articles. Planning tax deductions requires a modest effort but the rewards are worth the effort. You work hard to serve your clients and earn a profit; don’t give more than is legally required to your silent partner.

Click here for a FREE preliminary analysis of income tax savings for your property.

Cost segregation produces tax deductions and reduces federal income taxes across the country and in every size market. Below are just a few examples of cities where cost segregation generates meaningful tax deductions.

City:

• Memphis, TN
• Baltimore, MD
• Las Vegas, NV
• Boston, MA
• Miami, FL
• New Orleans, LA
• Atlanta, GA
• Washington, DC
• Phoenix, AZ
• Houston, TX
• Albuquerque, NM
• Sacramento, CA
• Sarasota, FL
• Salt Lake City, UT
• Albany, NY
• Virginia Beach, VA
• Oxnard, CA
• New Haven, CT
• Chicago, IL
• Kansas City, MO
• Buffalo, NY
• Jackson, MS
• Tucson, AZ
• Raleigh, NC
• Dayton, OH
• Pittsburgh, PA
• Scranton, PA
• Jacksonville, TN
• Portland, OR
• Birmingham, AL

Cost segregation produces tax deductions for virtually all property types, including the following:

Property Type:

• Veterinary clinic
• Single-tenant retail
• Auto dealer
• Amusement park
• Community shopping center
• Convenience store
• Airplane hangar
• Research and development
• Shopping mall
• Office warehouse

Almost every industry, including the following, can generate cost-efficient tax deductions by using cost segregation.

Industry:

• Arts, Entertainment, and Recreation
• Frozen food manufacturing
• Real estate lesser
• Plastic and rubber products manufacturing
• Warehousing and storage
• Building supply dealers
• Electronic and appliance stores
• Food and beverage stores
• Durable good wholesalers
• Electrical component manufacturing

O’Connor & Associates is a national provider of commercial real estate consulting services including cost segregation studies, due diligence, commercial real estate appraisal, Lease Abstraction-,tax deduction, cost segregation, property tax, market research, estate taxes, Collin central appraisal district, Tips and Tricks for Appealing Your Property Taxes in Dento, denton county appraisal and Federal tax reduction. O’Connor appraisers have appraised over 100 types of real estate including auto service garages, service center warehouses, student housing, shopping malls, subsidized housing, commercial buildings, drugstores, office warehouses, racket clubs, office buildings, cold storage facilities, shopping centers, regional malls, strip shopping centers, used car lots, health spas, auto salvage yards and banks.

About the Author

Patrick C. O’Connor has been president of O’Connor & Associates since 1983 and is a recipient of the prestigious MAI designation from the Appraisal Institute. He is also a registered senior property tax consultant in the state of Texas and has written numerous articles in state and national publications on reducing property taxes. He continues to set the standard in direction and quality of our appraisal products, adding services ranging from business valuations and business appraisals to cost segregation analysis for income tax reduction.

Buying a Car After Bankruptcy – Raising Your Credit Score Post Bankruptcy

Buying a car after bankruptcy may seem like a challenging task. Bankruptcy completely spoils the credit worthiness of the individual, not for one or two years, but for good 8-10 years. Bankruptcy is a huge event in any individual’s life. The person is completely ruined financially, and emotionally drained due to the process which follows. The person completely moves out of the credit net as he is not considered credit worthy anymore. Therefore, taking any kind of loan post bankruptcy is extremely difficult. Usually the credit lending bodies don’t give any kind of loan to a bankrupt person. However there are many lenders who give loans to such people. There are a lot of paper formalities which need to get completed before one goes ahead and sanctions a loan of such kind.

Before lending any money to any individual, the creditor would definitely have to look at the customer’s credential or credit score. In the case of bankruptcy the creditor knows the customer is in a bad financial state and giving him a loan is perhaps not the best financial decision. Customers should know what the process of raising credit, in case if bankruptcy, entails. Normal banks and financial institutions do not approve of any credit to be given to a person with a poor rating. Such lenders can be found locally through car dealers and also a few have registered themselves online. Through the Google search engine such lenders can be located.

While choosing a lender, the following should be kept in mind. In most cases the lender would want that the customer should be discharged from bankruptcy. The customer should be above the age of 18. The creditor usually seeks for the fact that the customer should not have any repossession on his record. The creditor would check the repayment capacity of the customer and if he has a decent salary to support an EMI out of his monthly budget.

To check on the validity of the company it should be kept in mind to do a reference check and also to check with the BBB for any update regarding the company.

If a customer fulfills these basic criteria with a slight challenge, he will get a loan even after filing for bankruptcy. The only thing which needs to be taken into account is the fact that the person should take a loan from a valid institution and not from a place which takes advantage of his situation.

Many find themselves wanting credit report repairfor a credit score of 700+, but don’t know what is necessary to achieve this goal. Disputing negative items on your credit report can be the first step to boosting your score. Negative items on a credit report must be validated, and those that aren’t must be removed.  The end result is a credit report repair for the consumer. For more information on legal and efficient ways to repair credit, visit the following link:

Raise Credit Score

About the Author

William Roberts is an advocate for consumer rights and a member of organizations helping citizens rebuild their financial state.