If your income keeps pace with inflation, then you should pay the same amount of tax every year. Right? In theory it should work this way, but this is why I refer to inflation as a hidden tax.

How can you save tax when you are self-employed? There is probably less potential for tax planning to reduce your tax bill than if you run a limited company but that is not to say that it cannot be done. This article suggests four practical ways for the self-employed to start saving tax.

Everyone wants to pay less tax but how can you achieve that? This article offers five simple ways to get you thinking whether you run your own business or are only a personal taxpayer. Here is practical advice rather than a complicated tax scheme and the benefits can be enjoyed by almost everyone without losing their own peace of mind

IRS tax forms are used by taxpayers and tax-exempt organizations to report financial information to the Internal Revenue Service (IRS) of the United States. All IRS forms are in PDF format and when it comes to filing on time could overwhelm sometimes. In this article I have tried to cover a process of how to make it easy and simple without use of any software. Read on...

There are some obvious, and not so obvious, ways to determine if you may be paying too much in property tax. Learn the top five reasons your company might be paying too much in property taxes, and how a business valuation company can help.

Advice on how to pay less tax by making sure you claim all relevant costs and expenses. No complex taxschemes are outlined; just basic, sensible ideas for minimising your tax liability without fear of an investigation into your tax return

Your tax return is where the tax savings from your tax strategy are captured. Waiting to file your tax return until your tax strategy is done can provide more flexibility and opportunity in your tax strategy.

Ownership issues commonly come up with estate planning. Too many times a living trust is set up and title to the assets is not properly transferred to the living trust. This can create a mess for the heirs and is something that can be easily resolved if addressed timely.

Every entity should have a company book! It doesn't matter if the entity is an LLC, partnership or corporation.

In order to have a successful tax season, there must be year round planning to maximize your deductions in direct relation to the size and income of your small business.

A recent news report said that Canadians are not saving nearly enough money to ensure their continued financial security. Our pensions are in jeopardy, too. So, in 2008, the Canadian government was worried enough about our savings habits they introduced Tax Free Savings Accounts-TFSAs-to encourage us to save more.

It turns out that not all money borrowing programs are the same when it comes times to look at your tax situation. Did you know that when you take out a loan you could also be reducing the amount of income taxes you have to pay to the government? Some loans may give you a tax credit which lowers the tax you owe and other kinds of loans may give you a tax deduction which lowers your gross taxable income. Just about everyone wants to borrow money from time to time and it makes sense to do your homework before jumping into a big loan commitment. Here's a quick guide to which loans may give you for a tax deduction, though obviously everyone's tax situation will vary.