Tax Law- Penalties- & Deduction Restrictions

By Jan Verhoeff

If you’re afraid of IRS, you probably have reason to be. People who seriously consider their financial resources, keep good records of expenses, and manage their money wisely understand the value of using the tax code to their advantage, and rarely fear the Big Bad IRS Agent. These small business entities have a resource called ethical behavior to lean back on and they know how to use the system without abusing it.

If you’re one of those who have reason to fear the IRS, I have a few suggestions for you.

CEASE all Unethical Behavior

Today, stop taking coffee breaks on the government’s dime and start behaving in an ethical manner. Make sure all your deductions are actually Business Deductions, and keep legitimate records. Claim ALL income you receive, including those small $20.00 cash jobs that are done outside the office. Learn to take advantage of legitimate tax deductions and reduction strategies instead of prior unethical behaviors.

Invest in Your Future

By using legitimate tax reduction strategies and investing in your future, you’ll be accomplishing two tasks. First, you’ll gain long range investments with tax reduction for current years and reduced taxability on income in future years. Second, you’ll stop wasting your money on frivolous purchases that don’t last long enough to purchase them anyway.

Saving money - investing in your future, wise choices. And your taxable income is legitimate.

Use valuable tax knowledge to your benefit and ease your stress.

When you concentrate your knowledge and information on ethical values, your stress levels drop, you gain equitable ethical deductions, and you provide for your future financial needs. These long range benefits come in handy when you’ve reduced your stress levels and begin to live a longer happier life.

If you need help finding a qualified tax representative who can recommend ethical behaviors for your business, consult with you in planning valuable tax strategies, and help you adjust your spending habits to provide for better Tax Behaviors, An accountant or tax law advisor is in order.


Jan Verhoeff has worked with small business development, tax planning, business consulting for more than twenty years. Her expertise in small business tax strategies can be found at http://brandyourmarket.com/tax.htm
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