Taxes

Offshore Incorporation and Tax Reduction

Most people surf the Internet everyday and are swamped with adverts and articles describing the benefits of offshore company formation in various financial and legal aspects. For business owners contending with increasing tax rates on an annual basis the idea of offshore incorporation might just be what you need. While …

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Top Self Employed Tax Questions

What is Business Turnover? Sales turnover is the total amount of income a business earns before deducting business expenses. Turnover includes receipts of any kind for goods sold or work done such as commission, tips, payments in kind, fees and insurance proceeds. Include sales turnover in your financial accounts at …

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Big Tax Benefits for Smaller Businesses

Big business enjoys huge tax advantages by creating Captive Insurance Companies. Successful PCs can also use this powerful tool for wealth accumulation and risk management. Keego Harbor, Michigan. May 11, 2007 In 25 years of developing asset management plans for physicians and other entrepreneurs, Keith L. Mohn, CLU, CHFC, CAPP, …

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