The Wizard of Articles

Definitely not everyone has heard of the 1099 Form, but even among the list of relatively few who have it is not usually recognized that several versions are available.
These several versions are used in situations even more special than the already special ones that lead to using a 1099 series form to begin with.

The typical 1099 Form is filed by independent contractors, people or whole companies hired to execute a one-time service or a task that’s not regarded as an essential portion of the hiring company’s normal duties.
For instance, rather than fielding its own dedicated information technology staff, a small ad agency might decide to outsource such work to its webhost.

Variations of the standard 1099 Form exist to account for the peculiarities of numerous situations.
For instance, the 1099-B is used for reporting redemptions and surrenders from particular non-retirement accounts, while the 1099-R is utilized to report those from retirement accounts in the United States.
Other editions include the 1099-A for attaining or abandoning secured property; the 1099-C for debt termination; the 1099-G for government payments; and the aptly branded 1099-MISC for miscellaneous income.
Then there are curiosities like the RRB-1099 and also RRB-1099R for, respectively, payments and pensions by the Railroad Retirement Board.
The 1099 series of IRS forms even contains those whose names will not bear the numerals “1099,” such as the 1042-S for the United States income of a foreigner as well as the SSA-1042S for social security benefits to nonresident aliens.
There’s even a W-2G for certain cash earned through gambling!

Regardless of version, all 1099 series forms are employed to report calendar-year income, no matter the basis of the fiscal year used for other IRS purposes.
They must also be filed in the end of February, not in the middle of April as with other federal tax forms.

Comments (0) Jan 06 2011

What makes a great number of small business owners against a simple small business tax in the United States? Okay, so they would claim that they are not against such thing in principle, but only in practice, with regards to the very high rates in particular. But how high are these rates, exactly?

For many, a small business tax amounts to no more than around thirty percent of gross earnings. A third of all income seems like a lot, but throw in all the local, state, and federal tax breaks that you can get, not to mention tax credits along with other special provisions for specific circumstances, and many a company with under a hundred employees will end up paying no more than somewhere in the neighborhood of twenty percent, give or take a few points.

This is a fairly modest sort of small business tax, is it not? But why then do so many rail against it? Exactly why do people not feel like contributing to the common good, whether in theory or practice? Could it be merely a matter of greed? Or perhaps is it in fact a really deep-seated alienation? And not only are businessmen and women are against such taxes but even people who do not own a small business!

It’s not simply that these people hope to one day be business owners themselves and therefore identify with the (imagined) plight of business owners. It’s really a deep sense of alienation, even if they don’t recognize it themselves as such. Such individuals don’t feel they have a lot in common with the wider society, whatever lip-service they may pay to societal conventions. Thus they don’t feel there to be a reason to contribute.

They might contribute to that which they believe to be important. So what exactly is it about America where a lot of its citizens will wave the flag but not vote with their pocketbooks?

Comments (0) Dec 29 2010

The United States of America and its government functions regulations in a numerous amount of methods and one of these unquestionable procedures is to keep information and documents of nearly everything that goes on using different kinds of forms and applications. Employment forms are specifically unquestionable due to recordkeeping of their employees along with a mandatory contract connecting the employer and the employee. These are some of the basic measurements and steps the businesses must take in order to remain productive and untroubled.

As opposed to many other documents associated with employment, the I-9 Form is issued by and filed for the bureau of United States Citizenship and Immigration Services (USCIS), and not the Internal Revenue Service (IRS) as it doesn’t concern income and taxes but the very eligibility of an employee to legally work in the country. The truth is, it is also known as the Employment Eligibility Verification Form.

Applied by employers to verify employee identification and eligibility, the IRS I-9 Form is the result of a 1986 Act of Congress that sought for to regulate the problem of illegal immigration. Using the form, both employer and employee certify to the government that all legal specifications are satisfied. Everyone hired after November 6, 1986 has to fill out Section 1 of the I-9 Form at the time of hire, with Section 2 done by the employer within three days of hire. This document is not necessary for unpaid volunteers or contractors, though a company may still be held accountable if it is found to have knowingly hired a contractor that uses illegal workers. However, as can be imagined, indicating intent could be hard!

All this happened with the Immigration Reform and Control Act of 1986 (IRCA), a bipartisan effort to do something about the escalating number of illegal immigrants showing up in the United States. Yet IRCA was only able to pass after employer opposition subsided with the inclusion of an “affirmative defense” clause that essentially lets employers off the nook for recruiting illegal immigrants! For all an employer had to do to be in compliance was to say yes to at face value the document offered by an employee, with no duty in any way to conduct any kind of further confirmation. With the inclusion of this loophole, IRCA finally surpassed.

No mention of IRCA should be made without referrals to its other provision, that approving amnesty to millions of illegal immigrants then already in the country. While specific limitations did apply, up to an estimated three million people was able to take advantage of IRCA – and, as cynics as well as supporters would note, the benefits went both ways, for the government, specifically in the form of the IRS, suddenly found itself with millions upon millions of new taxpayers overnight!

Comments (0) Dec 19 2010

“Raise Credit Score” has to be one of Google’s top day to day searches these days. Since, the economy is still bad – practically worldwide – and there seems to be no end in sight to the malaise. Nobody really knows what to do about it, it seems, with political leaders calling for a myriad of different measures to be taken even as economists argue amongst themselves, too.

That’s why most people are left to type in “raise credit score” every single day as they realize that those three magical digits given by FICO determine everything from where they live to how easily they can make purchases to even the very kinds of jobs available to them! For employers can be pickier than ever before in this economy and quite a few make credit rating checks a routine part of the application process.

Hence all the importance attached to credit scores. And naturally there are many a credit repair company out there willing to help! They certainly can help to raise credit scores, however the greatest challenge of all for many people is to live very modestly and well within one’s means at that. For most of the problem oftentimes involves deeply rooted psychological issues which are up to the individual person to fully resolve.

All the help in the world will not help with regards to someone who feels he or she needs to spend money. As part of the overall credit repair process, it is important to look within and see whether any lifestyle changes can be made to accommodate that process. This is not simply some type of moral prescription either, mind you; improving your credit rating will mean paying down your debts, which means doing without a good part of your income! So better get used to living with less if you want to raise that score.

Comments (0) Dec 17 2010

For many customers, banking is really a pretty mundane affair: they go to prepare deposit slips and put money inside their accounts, or withdraw funds, or make adjustments to the accounts – all errands that take very small amount of time. And since most banks now allow most transactions to be made online, eliminating the hassle of filling in deposit slips and standing in long lines, customers do not even have to leave the house. But banking has obviously never been such an automated procedure.

Modern day banking, as we understand it today, first appeared in Renaissance Italy in the 14th century, but banking practices, in one form or another, have been in existence since at least the 4th century BC. A Greek drachm coin originating from a ancient settlement of Trapezus, minted during this time period, shows a banker’s table piled with coins – evidence of organized money holding and lending.

Even though they didn’t have ATMs or deposit slips or many of the features we associate with banking today, they functioned as such by holding onto the assets of merchants and business owners. A comparable institution would have been the state treasuries of various Greek city states, as well as even in Rome.

More sophisticated components of banking came into fruition during later centuries, in the Middle East which at that time bridged trade between Europe in the west, and the empires from the east. During the 9th century AD, businessmen and merchants in the Middle East made use of checks that were in appearance and function remarkably similar to the ones we make use of today (though there’s no evidence of deposit slips). These were mostly used for traders coming from China to obtain payment in Baghdad, as opposed to having to physically haul their coinage over the vast Mongolian steppe.

In the 1300s, Italy’s various city states run by prominent, influential families were creating the first modern banks. In cities like Florence, Genoa, and Venice, the affluent Peruzzi and Bardi families controlled most of the banking industry, establishing branches in numerous other cities throughout northern Italy, and the rest of western Europe. The most notable bank of this period however, was operated by the Medici family.

At its apex, the Medici bank managed many of the most prominent accounts in all of Europe. At times, the bank notes from the Medici bank were valued and preferred as currency over local legal tender. Their establishment of the bank helped harden their political influence in the region, and was crucial to their becoming one of the most powerful families in all of Europe. The Medici ultimately produced four popes, and became hereditary rulers of Florence, though their influence among numerous political entities gave them a degree of power and control over many other city states as well.

Comments (0) Dec 11 2010

Have you heard of the 1099 Form at this point? Chances are, you may not have, for the great majority of workers in the American country’s economy do not have to cope with it – though, to be sure, that may change big-time, soon, given this economy! Or so say the cynics; but what would it even necessarily mean, exactly? Why should a United States Internal Revenue Service form serve as a sign of the times?

The 1099 Form is used by unbiased contractors to report their income to the IRS. Independent contractors are people or, even, whole businesses that are chosen to perform a task but are not usually employees in a legal sense. Thus, independent contractors typically receive no benefits such as health coverage, pension plans, and the like. Formerly, such people were estimated to work on a short-term basis, though given the savings involved in hiring them (not having to provide “health coverage, pension plans, and the like”) they have become an essential part of the modern economic landscape.

Thus, the more folks that file a 1099 the more likely it is that American businesses are not “hiring” but “outsourcing.” To be sure, work is work regardless of what it is called, but remuneration is not remuneration if it’s only wages and no benefits, as well as employer-paid taxes such as workers’ compensation. A society comprised mostly of so-called independent contractors would be, in a perception, not so independent, as such people do not often have the comfort of paid sick leave and the like.

From the company’s point of view, needless to say, it makes perfect sense to apply independent contractors – or “1099s” – whenever possible. Trimming expenses is one of the best ways to become more profitable, and employees are more expensive than a 1099. An employee, in the end, costs much more than just wages or salaries would suggest if you factor in the benefits. In addition, using an independent contractor may possibly limit a firm’s legal liabilities, relying on the exact circumstances involved. A company is just minimally accountable for its 1099s.

To be certain, it’s possible to see something of a silver lining in such developments. The explosion of those proclaiming themselves 1099ers can be taken as a positive sign, that the entrepreneurial spirit is surviving and well in America.

But, the fact is that, for the simple fact that many typically are not “independent” by plan! So yes not every forms are completely tiring and ridiculous, the government regulates using these forms as well as using them for informative purposes. Though some people do not favor forms, in most cases, forms are also utilized to serve as a receipt as well, so let’s say a company begins to toy with someone a little too nice, well then they should do their job accordingly so they can use that form to their edge, just don’t do anything illegal.

Comments (0) Dec 10 2010

Thinking about some do it yourself credit restoration now? Well, good for you! Fixing that credit score is all about a certain type of financial independence, if you truly think about it, and what better way to start being your own man or woman financially speaking than to take it upon yourself to cure what needs remedying!

Exactly what is it with credit running the show you say? Well credit is a little thing that determines if someone can put stuff on a monthly payment instead of paying for the entire amount upfront at once. But there are other kinds such as having no credit history at all, that’s where that person has to build credit by purchasing stuff by using a card or paying bills with it.

It’s fairly simple hypothetically, after all. All you have to do is contact your creditors and simply pay up – or discuss terms and schedules of repayment. But if it had been all that simple, you won’t even be looking into credit “repair” as such, would you, much less any do it yourself credit repair naturally! No, if it were simply a matter of forking over your hard-earned dollars and cents (yes, they will even get right down to the penny about these things), you almost certainly wouldn’t even be having any type of problem that really needs any helping at all after all now, would you?

Nope, it’s simply because you do have an issue that you can’t pay back in the first place! All things considered, hospitals are for the sick and tired and prisons are for…well, you get the drift. And so it is with this matter of creditworthiness – or, as the circumstance is in this discussion, the dearth thereof! And so doing things by yourself might not in fact be the best bet going in such a situation.

For example, let’s say you simply owe a thousand bucks. Sure it’s not an incredible volume of money but it still makes for a nice wad in the pocket however! And you owe this thousand and you’ve been owing it for the past six years and eleven months…almost seven years, in fact. Seven years.

Imagine. Seven years. Seven. As in, “lucky” seven?

Try as in seven years and your personal debt is forgiven.

Erased.

Zilched.

Just like that.

It’s true. All flawlessly true. Under certain situations, debts may merely be stricken from the record within a seven year period. But if you didn’t know and decided to finally pay up the eleventh month of your sixth year of owing the debt…well, you’d have done a good and proper deed if that’s all you ever desired to achieve from the start.

But if you were intending to save any money, well, of course, you didn’ t!

And that’s why doing things yourself can sometimes pale in comparison to letting a expert handle them for you.

Comments (0) Dec 06 2010

The Internal Revenue Service, other known as the IRS, obviously, gathers taxes from every particular person holding a social security card and living in the U.S. and this equally goes for every business located in the U.S. The procedure of taxes for employers aren’t very different compared to method for people or employees much rather they are similar but with few dissimilarities. As a matter of fact, employees need only to be concerned with their tax return during tax season.

The W-4 Form is used by employers to figure out the correct amount of taxes to hold back from their employees for the United States Internal Revenue Service. This withholding takes the shape of automatic deductions from employee wages every pay period, and ideally would precisely equal the yearly income tax due the government by tax season. In reality, nevertheless, it is quite often diverse by quite substantial amounts due to various purposes.

To properly fill out a W-4 Tax Form, the employee should compute the number of allowances claimed, with the amount of money withheld decreased for each claim made. Such data are usually figured out on the basis of his or her anticipated tax situation for the year. As each allowance minimizes the amount withheld, nonetheless, so too does it reduce any refund that may be due to the employee – considering that the funds were never owed in the first place, having never been deducted at all, as expected.

Many people favor the convenience given by an automatic deduction, and for them the IRS Form W4 isn’t something they would typically concern themselves with. Indeed, it is a good feeling to receive a relatively large sum of money back from the government! On the other hand , this amount of money doesn’t bear interest, whereas by avoiding an automatic deduction every pay phase the money could have been saved, with interest earned.

Look at it using this method: “a bird in hand is better than two in the bush” – and two birds in hand is definitely better than one in the bush! For having the government return your “bird” eventually is not as smart as having the one bird become two, through the rapid magic that is compounding (though, undoubtedly, no one pays a 100% return except eager victims of a loan shark).

Something that confuses people with relation to W-4 allowances is that they usually do not add up to the same number of Form 1040 exemptions. That’s because though “allowances” and “exemptions” are closely connected, as close as fraternal twins, even, as they say, they are not one and the same. For most people, the two will be the same, but for those with more than one employer, allowances and exemptions can be quite different due to the rules governing such cases.

Comments (0) Nov 28 2010

Mention anything remotely associated with a small business tax if you want to get many an entrepreneur all riled up. It really is quite entertaining watching such people gesticulate wildly, sometimes foaming at the mouth, about how “government” places so many onerous restrictions on them, particularly in a monetary form. Businessmen and women, of course, are always crying poverty, so it really is not surprising that they should protest about some small business tax or other.

But it is still astonishing, amusing, and ultimately infuriating that some of them should so persist in indulging their bizarre persecution complex. After all, the United States government has been giving one tax break after another for the past forty some-odd years already, all with the intent of helping the small business person get his or her business up and running and hiring people, creating jobs and taxpayers for the economy.

If anything, the government continues to be steadily pro-business, regardless of which political party is in charge. In fact, depending on how it is defined, there might be no such thing as a small business tax at all!

You can find so many deductions that could be claimed that it is unlikely any small business should be singled out for taxes, as the phrase “small business tax” would suggest. Almost anything can be claimed to be a business expense, and let us not forget all the write-offs allowed!

Believe it or not, a business that loses money can claim the amount lost against its tax liability, with the effect that this will become another way to appear poorer than one really is – and, of course, pocket the difference.

Yes, it really is hard work running a business, and owners deserve all the success they achieve. But let’s not kid ourselves here; the streets are filled with starving entrepreneurs, okay? Back in the Eisenhower years, a Republican administration that was unabashedly pro-business, corporate taxes were at well over ninety percent – well over ninety percent! What’s all this hue and cry over today’s thirty-six, thirty-seven, -eight or -nine, then??

Comments (0) Nov 20 2010

A loan calculator is among the most popular of widgets offered on the web. According to search engines like Google, it is among the top keywords being entered in by surfers all over the world. It’s also among the very first applications available on the internet, helping make what was then still a mostly academic network a lot more relevant to the everyday concerns of most people.

From auto loans to home mortgages, there’s a loan calculator online somewhere which will help compute likely results based upon personal criteria such as income and credit rating. These widgets or mini-applications also are highly popular textbook exercises in computer programming courses.

Besides loan calculators, there are calculators for taxes and calculators for calories burned – essentially, anything that needs figuring out, there’s been a calculator programmed to do it. One of the most popular is a currency calculator, maybe more accurately referred to as a currency converter. One other is the distance calculator, typically utilizing something else like Google Maps.

But why would anyone take the time creating such software, easy as they may be to create? Especially considering that hosting these calculators cost money, even if only twenty dollars or so a month for the website. We might make use of an online loan calculator, but what does the person providing such a utility get?

In many cases, these kinds of sites are supported entirely by advertising. Many times they are launced by webpreneurs – entrepreneurs who make money off the web – in the hope of luring enough “eyeballs” in order to sell advertising space.

As mentioned at the outset, home and auto loan calculators are one of the most popular searches online, which means that there are tens of thousands, if not hundreds of thousands, of people looking to use them every day – advertising dollars to the lucky owners of the most popular websites hosting such calculators!

Comments (0) Nov 08 2010

The W-2 Form is utilized to report wages paid and taxes withheld. Officially known as the Form W-2, Wage and Tax Statement, employers must complete one for every employee that receives wage, salary, or other payment as a result of work performed.

These forms must be delivered to every employee on or before the thirty-first of January of each calendar year so that early tax filers may have access to this essential document, necessary for claiming refunds or paying any money owed.

Multiple, and most likely thoroughly redundant, W-2 forms will be sent to those workers whose circumstances of employment involve tasks performed in more than one state. Some employers will simply print multiple rows of states on all copies of the W-2 sent out. Others generate W-2s that attribute gross compensation twice, once for every state, possibly causing clerical problems in the process.

The copies that employees really see, which they receive in the mail every year ahead of tax season, is but a few of several that make up the complete Form W-2. One is labeled Copy 2, to be filed along with the state and local income tax returns, if any. Copies B and C are also sent, for purposes of federal income tax returns and personal records, respectively.

Copy 1 is submitted by the employer towards the state or nearby taxing authority, as mandated by law (which some jurisdictions do not require). Copy A goes towards the Social Security Administration. Copy D is for the employer’s own records.

The anatomy of a W-2 Form can be very interesting. On it are recorded every thing earned for the year, which often feels like quite a surprise to many, unfortunately! So many taxes…and yet it’s almost fun to see exactly how much goes to what, whether for Medicare or Social Security or the 401K.

Comments (0) Nov 07 2010

The use of an I-9 Form is mandated by the United States Citizenship and Immigration Services (USCIS) bureau of the Department of Homeland Security (DHS) to establish worker eligibility.

Employers must have each of their employees fill out the Employment Eligibility Verification Form I-9, or be subject to fines of as much as five and a half thousand dollars per unauthorized employee, together with other penalties. Such employers may also be subject to sanctions called for under other laws, particularly those related to immigration.

Even failing to keep proper records can carry fines, to the tune of over a thousand dollars per missing or problematic form, regardless of whether the employee is legally authorized to work in the United States, so great is the value attached by the government to the I-9 Form.

Individuals, employer, employee, or otherwise, who intentionally commits or participates in document fraud may be subject to over three thousand dollars for the first offense and up to six and a half thousand for subsequent offenses. Records must be reverified as necessary, such as in the case of expiring supporting documents. Data should be retained even for former employees, up to one year after the end of employment.

The “I-9 requirement” came into being with the Immigration Reform and Control Act of 1986 (IRCA), which law stipulated that employers need to verify an employee’s identity and eligibility for employment in the United States. Employers may be liable even in the situation of hired sub-contractors who by themselves employ unauthorized workers. Such verification is not needed in the situation of volunteers.

IRCA also provided for several anti-discrimination conditions so that factors like national origin and citizenship status cannot be used against job candidates. Thus, in order to avoid any possibility of a lawsuit, corporations won’t ask for the I-9 form to be filled out until after somebody is really hired.

Comments (0) Nov 06 2010

Small business loans are needed cash infusions taken on by just about any company at some point in time during its corporate history. Small business loans are made by regular lending institutions such as banks or even the government as well as by other companies, corporations specializing in making just such loans. Repayment schemes vary, but one of the most well liked is that typically attached to a cash advance, requiring merchants to pay only based upon on their everyday credit card sales. Such an option allows in effect one to pay a modest amount at a time, as a percentage rather than an absolute amount, taking almost as long as needed!

Comments (0) Oct 24 2010

Quite a few people wonder what all the various Internal Revenue Service forms do. So today we will explore 2 of them. The 1040 form as well as the 1099 form (two of the more widely used forms).

The 1040 form what is it? it is actually a form from the IRS utilized by individuals for filling out their year’s income tax returns. The 1040 Form comes in a lot of formats such as 1040EZ, 1040A and 1040X each for a unique purpose.

The 1099 Form what exactly is it? it is a form from the IRS used to prepare and file an information return.

What is an information return? An information return is used to report income types not including salaries, tips as well as wages (in these cases a W2 form would be used).

Comments (0) Oct 23 2010

The 1099 Form is filed on behalf of independent contractors in the United States annually as required by law. Independent contractors are individuals or corporations that provide goods or services to another individual or corporation within the terms of a contract or verbal agreement.

Those individuals or companies that make use of independent contractors need to file a 1099 Form for each contractor compensated an amount of six hundred dollars or more for the duration of a single year. As may be imagined, it is possible for thousands of such contractors to be employed, and so those who make use of more than two hundred and fifty must file all their forms electronically, which is almost always generated by software.

In addition to a 1099 Form, the 1096 is also required when it comes to paper copies sent through the mail. Payees typically use the information on their 1099s to complete their own tax returns, and will most likely use the Combined Form 1099 that records all the independent contracting they’ve done for the year.

Generally speaking, however, taxpayers aren’t required to attach a 1099 to their own federal income tax returns except under particular circumstances. Rules concerning 1099 forms are to be found in IRS Publication 1220.

Use of the 1099 has become very controversial in the current economic recession as more and more employers seek to save money by classifying an ever greater part of their workforce as independent contractors. The advantages to the employer in savings are essentially passed onto the worker, whose take-home or net earnings will take a substantial hit relative to that of a regular employee. However the practice has becoming increasingly widespread in the American economy today because really few candidates can afford to complain or hold out for a better job offer in such recessionary times.

Comments (0) Sep 06 2010

An exam glove is used by healthcare professionals to conduct examinations without contaminating the sample or patient as well as themselves. Most such exam gloves used to be produced out of rubber latex, but the possibility of allergic reactions has made the likes of neoprene and nitrile, the materials of choice for numerous modern medical exam glove. It’s almost impossible to tell them apart at first glance, yet each presents its own unique characteristics that make some people prefer one over the other.

The typical exam glove nowadays is made of synthetic rubber that tends to cost much more than organic latex alternatives, a concern in these recessionary times when even well-known hospitals like Saint Vincent’s in the Bronx, New York can shutter due to financial difficulties.

In addition, something like nitrile rubber has inferior strength and flexibility when compared to natural rubber, though it is more resistant to oils and acids. Neoprene, on the other hand, resists burning much better and will frequently be found inside the weather stripping applied to fire doors as well as inside the examination gloves of a healthcare provider.

Exam gloves were first instituted with William Stewart Halsted’s 1890 practice of using rubber gloves that protect medical workers from skin exposure to carbolic acid, a necessary sterilizing agent. Carbolic acid, or phenol, was adopted originally by Sir Joseph Lister for use in antiseptic surgery, but skin discomfort lead to the Goodyear Tire and Rubber Company’s invention of a rubber glove that could withstand the organic compound.

Interestingly, latex gloves are still much preferred in surgery these days mainly because of the fine control and greater sensitivity they provide. The one exception to this fact is the polyisoprene glove, but these are more than twice as expensive as their organic latex counterparts, and as mentioned previously, hospitals have now become really cost-sensitive environments.

Comments (0) Sep 01 2010

Looking to sell your company and retire off the proceeds? Think again. Due to these recessionary times, banks are unwilling to lend money – meaning that it’s harder and more challenging to sell your company because buyers generally can’t borrow more than sixty percent of the selling price.

Everybody is skittish. And numerous business owners are not rueful of not having sold when they had that proverbial chance. It’s more challenging than ever just to stay in business, and while the actual value of your organization might not have declined much, if declined at all, it is merely an extraordinarily bad time to be in business – or to try to sell one, even a successful one.

And regrettably for many owners, they increasingly need to work out alternative payment schedules, more akin to a loan except where profitability is concerned. However, all is not lost if you’re determined to sell your company.

For one thing, the tax rate right now is at historic lows, though many experts expect it to go up, to twenty percent from the current fifteen capital gains rate, in another year or so. This means that your after-tax earnings from a sale right now could be higher than if you wait for the economy to improve and take a hit from increased taxes.

Of course, it is tough to let go of the notion that your company is still worth what it was during the economic boom years of just five years ago. But it is essential to cut your losses, as it were, while you still can and get out before you put any more time, or even cash, into a company when all you wish to do nowadays is retire to the good life. After all, isn’t that why you’d worked so hard through the years?

Comments (0) Aug 16 2010