The Best Small Business Tax Tips And Deductions - 1486 Words

The Best Small Business Tax Tips and Deductions The Best Small Business Tax Tips and Deductions Small-to-medium-sized businesses can target a wealth of business opportunities in today s global markets, but many business owners and entrepreneurs fail to consider one of the greatest sources of real-world income available to them. Developing a proactive tax strategy and taking advantage of all your business deductions generate incredible profits that businesses or owners can use for any purpose. Unlike the proceeds of gross sales and even gross profits, the money that your business saves on taxes is the purest form of profit. Other income isn t necessarily available for spending or investing until the taxes are paid. Clever business owners†¦show more content†¦Taking Home Office Deduction The home office deduction is available to many SMB owners who work out of their homes exclusively or routinely meet clients and work at home. You can deduct a percentage of your home that s used exclusively for business and the same percentage of most of your household expenses like repairs, utilities, routine maintenance, insurance, mortgage interest, property taxes, rent, office supplies and many other costs. You can deduct actual expenses or take the recently approved standard deduction for home offices. Hiring Family Members Hiring family members is one of the most effective ways for business owners to reduce taxes and keep more of their wealth in the family. Employees can qualify for tax-free benefits, and your children can earn up to $6,200 tax-free. This money can be placed in a Roth IRA, which can be used to buy a home or pay for college. Children also qualify for lower tax rates on the income that they earn. Most business owners have real jobs around the office that family members can do; it s just a matter of matching the right child with the right job. Contributions to HSAs, providing health insurance and other employee benefits also keep your business income in the family without paying taxes. Reporting Actual vehicle Expenses The standard mileage rate has its appeal, but you could be

Define Marriage Essay - 1840 Words

Name: Chunxian Huang How might we usefully define marriage in universal cross cultural terms? Marriage, which is one of the most vital relationships of human beings, is a bewildering subject in people’s lives because it is hard to define, especially in the cross cultural terms. Cross cultural, according to the fourth edition of the American Heritage Dictionary of the English Language (2000), is defined as â€Å"the interaction of differing cultures, or a comparison†. This means that people in cross cultural terms may need to find ways to respect other cultures. In such case, people have chances to understand the other civilization, to make acquaintances with people from multifarious†¦show more content†¦States Lucile (1977:64), â€Å"one very significant norm in our society holds that marriage is a permanent union with exclusive sex rights†. In other words, marriage enables people to have sex with their spouses stably rather than being blamed for having sex activities with others. Therefore, people have more stable and legal sexual relationship i n marriage than others. An example of this point is that usually sex is associated with marriage for the Nuer in Sudan and they play sexual games to imitate the daily life of marriage (Evans, 1990). This means that for the Nuer, stable sexual relationship is vital for their marriages. According to Opperheimer (1990), sexual relationships need stability and marriage provides the necessary stability. Therefore, it is reasonable to believe that the stability of sexual relationship is one of the vital factors for marriage thus people can define marriage from the perspective of stability. Moreover, the social factors of marriage are family responsibilities and relationship in a family or between families. In Lucile (1977)’s opinion, â€Å"parenthood is usually expected to follow marriage†. Some people get married because they need to undertake the duties of procreation for their clan. In China, as an old saying goes, â€Å"There are three ways to be unfilial, the worst is not to produce offspring† (Mencius, 372-289B.C). It shows that the stability of the reproduction of families was very important.Show MoreRelatedWhat Does It Truly Mean? Essay1151 Words   |  5 Pages What is marriage? What does it truly mean? For me personally, marriage is best defined as a legal act of love between two people who vow to be as one until death do them part. It is a special day of celebrating an everlasting union between two people and their families. It is a life long commitment. It is loyalty, security, trust, and respect. Marriage is forever. To help me better define the meaning of the word †marriage†, I looked it up in several dictionaries. To my surprise, not one includedRead MoreDefinition Essay Marriage838 Words   |  4 PagesWhat is the Definition of Marriage? What is the definition of marriage? Over the years, the word marriage has been challenged from its current definition as listed in Merriam-Webster s Dictionary as an act of marrying or being married between a man and a woman. Marriage can also be defined in the Oxford Dictionary as the formal union of a man and a woman, typically recognized by law, by which they become husband and wife. The word marriage becomes a special type of bond between two people thatRead MoreA Happy Marriage By Fawn Weaver994 Words   |  4 Pages A Happy Marriage: New York Times Bestselling Author, Fawn Weaver, points out that The greatest marriages are built on teamwork. A mutual respect, a healthy dose of admiration, and a never-ending portion of love and grace† (Weaver). The quote helps give examples on what defines a happy marriage. 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Robotization of Human Workforce Free Essays

The Robotization of a Human Workforce Job satisfaction has been defined as â€Å"a pleasurable emotional state resulting from the appraisal of one’s job or job experiences. † It lists two different formulas for calculating job satisfaction: the Value Percept Theory, and the Job Characteristics Theory. This paper discusses the former and how it relates to Foxconn and its CEO, Terry Guo, whom writers Balfour and Culpan describe as a â€Å"ruthless taskmaster. We will write a custom essay sample on Robotization of Human Workforce or any similar topic only for you Order Now † The Value Percept Theory is essentially the workers’ WIIFM (What’s In It For Me) paradigm, describing how certain job elements affect employee satisfaction, and the ramifications of that satisfaction. It focuses on eight specific categories of employee values: how the salary compares to other employees in the same line of work; the frequency with which qualified people are promoted; supervisors’ conduct and recognition of employee efforts; the enjoyability and qualifications of co-workers; The â€Å"psychological pay† derived from the work itself, described by the text on page 106 as including â€Å"utilization of ability, freedom and independence, intellectual stimulation, creative expression, (and) sense of achievement†; to what extent the work has a positive impact on society; the level of prestige associated with the job; and the safety and comfort afforded on the job. Most people base their job satisfaction on five of those eight criteria. The magazine article discusses Chairman Gou’s business philosophy and response to twelve employee suicides during the first few months of last year. According to the authors, Gou realized there was a problem after the ninth employee jumped to his death from one of the company’s ubiquitous, crowded dormitories. Gou responded by stringing netting around the exterior of the dormitories at second-floor level and set up a 24-hour employee hotline. He also gave employees a 30% pay raise and promised another salary bump during 2011 – principally due to pressure by one of his biggest customers, Apple. These measures were almost certain to reduce the number of employees who sought their own demise by jumping from their dormitory windows – provided they did not land on one of the steel support braces – but it failed to address the real problem of why so many people became despondent enough to end their own lives. The reasons seem clear, using the Value Percept Theory. Among the top five job â€Å"satisfaction facets,† the rate of pay is lowest on the list. Far more important to most workers, according to figure 4-2 in the text, are the work itself and the conduct of supervisors. With respect to those two facets, interviews with employees were telling. One employee stated that supervisors and managers â€Å"aren’t nice to people,† and a spokesman for China Labour Bulletin, which seeks to uphold the rights of Chinese workers (clb. org), characterizes Foxconn as â€Å"repressive. † Another employee explained the high levels of stress she suffers while performing repetitive tasks that require intense concentration. Though Gou places little value on a college education, he would do well to read our textbook. How to cite Robotization of Human Workforce, Papers