What Taxes Reveal About You
Before I begin this week’s No BS Newsletter, I would like to invite you to my free Webinar on Tuesday, April 20th @ 11:30 AM CST. I will give you a peak at Candidate Next Step! Learn how to earn passive income on every Job Seeker you meet. Click here to Register for the Webinar now!
What Does Your Tax Return Reveal About You?
It’s interesting to observe how differently people handle their taxes.
(Owners, please be sure to read the second half of this NO BS Newsletter directed at you…“Is Your Company Safe?”)
THE ORGANIZER – This person has every receipt, record and important paper filed away in a very neat structure which makes filing taxes an easy task
THE PROCRASTINATOR – This is the person who drives to the Post Office at 11:59 PM on April 15th to mail their return – or files as many extensions as allowed.
THE CONFIDENT FILER – These individuals understand tax laws and procedures. They also have the confidence to file their own return on line or manually by themselves.
THE NON-TRUSTING – This person has several people review their return for fear of missing a deduction. They would NEVER file their own return and find the entire process ridiculous.
See any correlation to Recruiting?
There are Recruiters who ORGANIZE their time, their day, their planner and their surroundings. They never find themselves hunting down lost paperwork! They utilize systems provided to them by their owners.
The PROCRASTINATOR is going to plan and respect prime time…“next” month. They are going to earn what they deserve “next” year. They are going to have a great quarter NEXT quarter. They will figure out their numbers and stats tomorrow.
CONFIDENT recruiters know their numbers and individual stats. They focus on results oriented activity during prime time and commit to daily results. They achieve or surpass their goals on a consistent basis. They are confident because they are successful and often pay in taxes, what other recruiters earn!
NON-TRUSTING recruiters too often lose out on opportunities, because they are hesitant to take risks or make decisions. They also have a tendency to BLAME OTHERS for problems rather than changing what they can control. It’s extremely important especially this year, to make changes if you want different results.
Lastly, your tax return lists your total income for the past year. If you want to earn more this year, you must embrace change. Don’t procrastinate, embrace change starting TODAY! ATTENTION OWNERS – “Is your Company Safe?”
The Internal Revenue Service has recently hired as many as 3,000 new agents. Their purpose is to create more revenue for the government. A primary intention is to audit small business and capture more unpaid tax.
WARNING! Your business entities may be in jeopardy.
They believe that many small business, dbas, partnerships, LLCs, and even corporations are not following accepted business practices. And if they aren’t, then they are not entitled to business deductions. And the negative impact could be that you could owe more taxes.
Accepted business practices means keeping good accounting records, such as receipts, checks, invoices, company resolutions for major purchases, etc. They are also looking for company minutes for annual meetings, special meetings and decisions to make special purchases or to take business trips.
Yes, if you are in business, you must keep not only accounting records, but also legal records, especially meeting minutes. They must be in writing and be organized. This applies to you if you are in business, whether as a DBA, LLC, a corporation or a partnership. Yes, it even applies to Family Limited Partnerships.
It’s not too late to correct things. If you don’t keep annual minutes, if you don’t have a minute book, if your business entity isn’t linked to your revocable living trust, these areas need your immediate attention. This is not something you can delay.
I utilize a great service “Just a Minute” who handles all of this for me. They are reasonably priced, extremely smart and provide incredible service. Protect yourself and your business! Just click on this link to review their services: Just a Minute
If not them…find your own resource…from business owner to business owner, you need to be sure your records in order!
Remember to register for my FREE Candidate Next Step Webinar on Tuesday Here!
To your continued success,
Barbara J. Bruno, CPC, CTS
Good as Gold Training
Recruiting Tools: Candidate Next Step and Top Producer Tutor
P.S. Invest in Candidate Next Step during the month of April 2010, and pay a one time charge of $397.00 with No Monthly Fees! You will earn passive income on all Job Seekers who contact you…even if they are not in your specialty! Click here to get CNS at this one time offer!
Click here to Register for the CNS Webinar for more details!
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