IRS- Fresh Start Initiative
IRS Fresh Start Initiative Gives Taxpayers Hope The IRS Fresh Start initiative is a program designed to help more tax payers successfully pay off their tax liability. The initiative allows more flexible terms to Offer In Compromise (OIC) and enables some of the most financially distressed taxpayers to clear their tax liability and to do it more quickly. In many cases this allows people to resolve their tax liability in as little as 2 years instead of the 4-5 years that its taken in the past. This Fresh Start initiative in different in that it uses a different standard of analysis to...
Read MoreChild Tax Credit: The Cost of Raising a Child
Child Tax Credit USA Today recently reported that a middle-income family with a child born in 2013 can expect to spend $245,340 to raise their child to age 18. Jaws of penny-pinching parents across the nation are dropping at the enormous figure. We here at GQ Law have a bit of good news for you! Follow along as we shine a little money saving light on the topic of child-rearing, showing you what sweet tax breaks come along with your new bundle of joy. Child Tax Exemption Tax payers receive an exemption of $3,900 on their yearly tax return for any child under 18 including any baby born by...
Read MoreProtecting Your Online Reputation for Entrepreneurs
Protecting Your Online Reputation As an entrepreneur or new business owner, protecting your online reputation is essential. Whether or not you run your business online, in our tech savvy and internet dependent world, your online reputation is key to success as a business owner. “Before the Internet connected the entire world, your business reputation was something that you built, not managed. Fallout from the customer complaints you couldn’t fix was of limited scope. Today, the Internet acts like a lens that magnifies every blemish, perceived insult and mistake—and then...
Read More5 Things Every Entrepreneur Should Know
5 Things Every Entrepreneur Should Know Paul B. Brown, Forbes entrepreneurship columnist, gives 23 wonderful insights from 30+ years of experience. I’ll give you my 5 favorites. See the full article here. 1. The best way to predict the future is to create it. If you’re wondering if today, this month, this year, is going to be successful, you’re the one that makes it happen! 2. The most important decision you can make is where to spend your time. A common question asked of successful people is, “How do you balance your time?” A common answer is, “You...
Read MoreTax Day Freebies 2014
The dreaded day is upon us! Happy Tax Day 2014. To celebrate, or give you a much needed break from the stress, enjoy our list of tax day freebies. 1. Arby’s- Free snack sized curly fry. Go to arbys.com to print the coupon. 2. Sprinkles Cupcakes- BOGO free cupcakes, whisper “tax free” to the cashier at checkout. 3. Boston Market- Much better than a 1040 form, check out the “Tax Day Deal Chicken Meal.” $10.40 for two half chicken individual meals. No coupon necessary. 4. Schlotskys- One free “The Original” sandwich with the purchase of chips and a 32...
Read MoreWorking with Gen Y, the Millennials
Tips for Working with Gen Y, the Millennials With each new graduating class, more and more millennials are entering the workforce. Although Gen Y, a.k.a. “millennials,” born between the early 1980s and 2000, are often viewed as lazy or entitled this new generation can be a great asset to your business. Read on to learn how to make working with Gen Y employees a strength for your business. Gen Y Strengths – Tech savvy, especially with social media- Strong multi-taskers – Hold high expectations of themselves and employers- Prefer to collaborate and work in teams- Seek...
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