The #1 Reason You Pay Too Much Tax

Revealed:

The #1 Reason You Pay Too Much Tax

by Wayne M. Davies

What is the Number One reason you pay too much tax?

Let's brainstorm . . .

We all pay too much tax because:

1) Our elected politicians created the complicated and
convoluted monster known as the U.S. Tax Code, and this
monster takes our money away.

2) Public Enemy #1 (The IRS) takes our money away.

3) Tax preparers are too busy preparing tax returns
to help us take advantage of all the complicated and
convoluted tax loopholes, leaving us to fight a losing
battle against The Monster and its evil watchdog, the IRS.

Am I making any sense yet?

Well, there's one more reason I'd like to suggest, and
it is really the only factor that you and I have
complete control over: Poor recordkeeping.

There's not much we can do about Reasons #1 and #2.
And there's a limit to how much we can do about Reason #3.
But there is a tremendous amount we can do to maintain
better tax records -- and this, more then anything else,
is the Number One reason why small business owners and
self-employed people pay more tax than necessary.

Let me now prove it to you by asking this question:
Whether or not you've already filed your tax returns
this year, how did your business do last year?

[By "business" I'm referring to any type of small or home-
based business venture, full-time or part-time, including
the self-employment activities of America's greatest
economic treasure, The Sole Proprietor.]

Did you have a profit or a loss?

Do you even know whether you had a profit or loss?

If I called you up on the phone right now and asked you how
much profit (or loss) you made in your business last year --
at least 5 people out of 10 wouldn't have a clue.

If I asked you right now to tell me how much profit (or
loss) you made LAST MONTH, I know for a fact that 9 out of
10 couldn't tell me.

And chances are that when Tax Time rolls around each year,
you won't even know how much profit you made last year for
at least a month or two -- after spending days and untold
stressful hours trying to fix your record-keeping nightmare.

I deal with this scenario every day:

The typical small business owner or self-employed person is
stressed out about taxes because his/her records are in
shambles.

You know what I'm taking about, don't you?

Receipts scattered in five places, and you've long
forgotten what they were even for. Hand-scribbled notes in
your day timer. A checkbook. Twelve months worth of receipts
from three different credit cards.

And now you've got to figure out how to put it all together
into some kind of coherent manner in the next few weeks so
you can prepare your own return or give it all to your
accountant without him laughing in your face because of the
total disaster your records are in.

And most folks wouldn't even dare think about what would
happen if the IRS came calling for an audit. The IRS would
laugh all the way to the bank at the record-keeping disaster
they find.

(Ever been audited? If not, be sure to read the article,
"A Close Encounter of the IRS Kind -- How To Audit-Proof
Your Tax Return Forever!") at
http://www.YouSaveOnTaxes.com/close-encounter.html

Most self-employed folks use a variation of the "shoe box"
method -- they throw all their receipts, cancelled checks,
bank deposit slips and anything else business-related into a
box and then come March (or April!) they dump it out and
try to figure out what the heck was what -- for about 5 days
straight.

Is this any way to run a business?

Isn't it time you got organized? And the easiest way to
do that is to automate your bookkeeping. You are using
a computer right now, correct? Then do yourself a favor
and throw away any manual bookkeeping system you've
used before and start keeping records on the computer.

There are several good programs on the market -- Quicken
and Quickbooks are the most well known.

Here's another one I highly recommend -- it's called
Internet Tax Helper and it's by far the easiest bookkeeping
program I've ever seen. You can check it out here:
http://www.YouSaveOnTaxes.com/software

Quicken and Quickbooks are excellent programs,
but I've seen many people become quite frustrated
with those programs, too -- especially Quickbooks.

If you don't have any accounting or bookkeeping experience,
both Quicken and Quickbooks can make your head spin
(especially Quickbooks and Quickbooks Pro; unless you have
an accounting background, I urge you to stay away from
those two programs).

Here's why I like Internet Tax Helper.

If you are self-employed or run a small business and you do
the books yourself, this is the program you need. Nothing
fancy or confusing. Incredibly easy to learn. You'll save
hours with this program, and when you're done, you'll have
all the info you need to do your tax return. If you take
your "tax stuff" to an accountant, he'll love you for using
this program.

Not only will Tax Time be much easier, but you'll finally
know how your business is doing at any point during the
year. No more guessing about The Bottom Line.

Never forget this simple fact: Most people pay more taxes
than they should. The #1 Reason -- unreported deductions!
When your record-keeping system is messy, you end up paying
hundreds and even thousands of dollars in taxes that you
should not have paid.

I only recommend products that I've used myself. And I've
used Internet Tax Helper and can tell you it's so much
easier to use than anything out there.

Want to save yourself hours of record-keeping frustration?
Then I urge you to download and try the Internet Tax
Helper for yourself because it makes the frustrating, boring
and unproductive chore of bookkeeping so simple, fast and
easy to do.

With this program, it will take you a fraction of the time
to get everything organized. And since it is specifically
designed for the small and home-based biz owner like
yourself, it is easy to get started saving time and money.

Making money is one thing. Learning how to keep it is
another. An automated recordkeeping system like Quicken,
Quickbooks, or Internet Tax Helper is the best way
for you to keep more of your hard-earned dollars.

To learn more about Internet Tax Helper visit:

http://www.YouSaveOnTaxes.com/software

About The Author:

Wayne M. Davies is author of three tax-slashing eBooks for small business owners and the self-employed:

The Tax Reduction Toolkit
http://www.YouSaveOnTaxes.com/toolkit

Incorporation Tax Secrets Revealed
http://www.YouSaveOnTaxes.com/secrets

How To Incorporate Yourself For Free
http://www.YouSaveOnTaxes.com/how-to-incorp

Wayne's eBooks are available separately, or at a discount as a 3-volume set:

The Ultimate Small Business Tax Reduction Guide
http://www.YouSaveOnTaxes.com/ultimate-guide

To receive a free copy of Wayne's 25-page Special Report,

"How To Instantly Double Your Deductions"

click here:

http://www.YouSaveOnTaxes.com

www.YouSaveOnTaxes.com

A Division of Wayne M. Davies Inc.

4660 W. Jefferson Blvd., Suite 220

Fort Wayne, IN 46804

Tel: (260) 459-3858 / Fax: (260) 459-0124

email: YouSaveOnTaxes@aol.com

http://www.YouSaveOnTaxes.com

http://www.MagneticMarketing.biz

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