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IRS Commissioner Discusses Corporate Taxes with International Tax Conference
by Derek Rowley © 2009. All Rights reserved.

The Commissioner of the IRS recently spoke out on a number of issues related to corporate taxation. While his remarks were specific to address international corporate tax challenges, they also serve to provide an insight into the approach and philosophy of the IRS toward corporations and corporate taxes in general. This is not a Nevada incorporation specific issue, because his remarks address the IRS approach to a number of common business strategies in the international business arena. However, it is not a real stretch to see how the Service might also address similar domestic business strategies in the future...read more

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by Cort Christie © 2009. All Rights reserved.

The economic climate that individuals, corporations and businesses have been feeling has also hit state and local governments in a big way. Most states will be addressing huge budget deficits during the 2009 legislative cycle with limited options...read more

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The one thing we‘ve noticed over the last several months is that while it‘s true banks may be hesitant to issue mortgages and want 10 to 20 percent down payment, unsecured lines of credit up to $100,000 are still readily available if you have been in business more than two years and have a good business and personal credit score.

With that in mind, here are 5 ways to improve your credit scores to increase your odds of getting credit:

1. Pay your bills on time. Being late as much as one time on a bill can have a negative effect on your credit score. If your overall credit situation is marginal than one bill being 31 days past due may break the deal...read more

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by Derek Rowley © 2009. All Rights reserved.
Disraeli once said that "there are three kinds of lies: lies, damned lies, and statistics."

In business, some of the "statistics" that can tell such damning lies are the numbers found on company balance sheets and income statements. Too often, the reality is not accurately reflected in the numbers. Accounting is not intended to be a creative art, but in the hands of the right practitioner or aggressive entrepreneur, the accounting numbers can paint almost any type of picture...read more    

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Barack Obama discovers a leak under his sink. He finds Joe the Plumber in the Yellow Pages and calls him to come and fix it.

Joe drives to Obama’s house in a very nice neighborhood, where it is clear that all the residents make more money than $250,000 per year.

Joe arrives and takes his tools into the house, where he is shown the room with the leaky pipe under the sink. Figuring its an easy job that will take less than 10 minutes, he tells Obama how much it will cost: $10,000.

“$10,000?” Obama replies, stunned. “But you said it is an easy job...read more

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A menu of unconnected, fascinating news items that crossed my desk,
by Derek Rowley © 2009. All Rights reserved...read more

Attorneys are at the top of the food chain...

$135 billion available in business grants during 2009...

The IRS has dropped rates by 1%...

Virtually all SUVs may be exempt from gas guzzler tax provisions...

Wisconsin cheerleader files lawsuit against teammate for fall...

The single most important problem faced by small businesses...

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