Successful Investing With Taxes in Mind
There are many ways to earn money, but no matter how you get your income the IRS wants its piece of the pie. That includes any gains you make from your investments when you sell them. Although everyone does have to pay tax on their gains, you shouldn’t give the IRS any more than what you’re legally obligated to pay
With that in mind there are some strategies you can implement to be a tax-conscious investor. Contributing to a tax-differed retirement plan is a great way to save money. Although you will eventually have to pay tax on the income, you can accumulate a significant amount.
Another option is to consider tax-exempts. These are not for everyone, but if done right these investments can in some cases provide an investor with more gains than the after-tax return from a taxable investment would.
Mutual funds are another type of investment that can pay big dividends, but they must pay out their gains every year. That means unless you have losses from other stocks to offset those gains, you will need to pay taxes on them.
Anyone can invest, but not everyone knows how to invest wisely when it comes to taxes. If you would like to learn more about how to become a tax-conscious investor, then click here, or contact us at GROCO today. We can help you make wise investing decisions when it comes to your taxes. Call 1-877-CPA-2006 or click here to contact us online.
Creating a Positive Work Environment
Creating a Positive Work Environment “BEEP…BEEP…BEEP…BE-.” Hit the snooze on the alarm for the fifth time. Shower. Breakfast. Read the latest news headline on your iPad. Race off to work to begin another day in the cubicle. Since most people see their lives as highly repetitious, how do you create an environment where your employees…
Saving Lives Through Glycoproteomics | Aldo Carrascoso
Saving Lives Through Glycoproteomics | Aldo Carrascoso We hope you found this interview about “Saving Lives Through Glycoproteomics | Aldo Carrascoso” enjoyable. To receive our free newsletter, contact us here. Subscribe our YouTube Channel for more updates. This transcript was generated by software and may not accurately reflect exactly what was said. Alan Olsen, is the Host of…
Tips to Start Planning Next Year’s Tax Return
Tips to Start Planning Next Year’s Tax Return Source: IRS.gov For most taxpayers, the tax deadline has passed. But planning for next year can start now. The IRS reminds taxpayers that being organized and planning ahead can save time and money in 2014. Here are six things you can do now to make next April…
Deducting Vehicle Expenses for Your Business
Deducting Vehicle Expenses for Your Business Business traveling costs add up fast. If you own a vehicle that is primarily for business use, there are tax deductions available to you. You can choose to deduct the standard mileage rate or actual expenses. If you are unsure of what option is best for you, consider the…