2006 July


July, 2006

Home-Based Business Owners Save Thousands on Their Taxes

Do You Qualify For Home-Based Tax Deductions?New changes in the tax laws have made it easier than ever to claim Home Office Deductions and keep more of what you earn. If your home is a place of business, many of your personal expenses can be deducted as business expenses resulting in lower taxes. You may be thinking, "I have an Accountant/CPA/Tax Preparer/Tax Software who knows all about tax deductions so I don't have to know anything about them." There are several reasons why that thinking could be costing you thousands of tax dollars.

Most Accountants/CPA's/Tax Preparers do not "specialize" in Home-Based Businesses and do not keep up with the ever-changing laws pertaining to them. You are ultimately responsible for knowing what you can and cannot deduct as ...

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Retire to Mexico?

I found out that a friend of mine's parents have been retired in Mexico for years now as US expats. Supposedly the housing and living expenses are affordable, taxes are low, and the healthcare is reasonably good. I have no idea if any of these things are true, and obviously this is not for everyone, but according to him they are very happy there. Good weather, nice people, and so on.

I wonder, where are other popular international places to retire? I doubt that I would really want to retire away from family, but the idea has a certain charm.

[ and the at MyMoneyBlog]

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