Tax refund = Missed opportunity to build more wealth
Happy you earned a tax refund this year? From a financial perspective it's not great news, unfortunately.
Getting a refund means you paid more than your share of tax in the past year, with no compensation. The bigger the refund, the more money you could have had working for yourself - instead of the tax man.
Fortunately, if you are a full- or part-time employee, there is an easy strategy to...What a testamentary trust can do for you and your heirs
A testamentary trust offers a distinctly unique combination of benefits - it lets you potentially reduce tax for your heirs and maintain control of the assets beyond your lifetime.
In contrast to a living trust, which is set up during your life, a testamentary trust is created through your will and only takes effect upon your death. Just like a will, you can change the terms of such a trust at...
Starting a home-based business?
Though the potential tax deductions of running your own business from home are appealing, it's important to plan with care because the tax rules are tricky.
Is your office eligible?
The first step is ensuring the tax man agrees that you have an eligible home office. Sounds simple, but it depends on whether the room is your "principal" place of business and whether it is used "exclusively" f...
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