Beating the Tax System by Being Your Own Boss: Savvy Business Owner’s Secrets to Keep More of What You Make: 30 Tips in 33 Minutes
30 Tax Tips in 33 Minutes – you can’t beat that.
Looking for a better way to hold on to more of your money at tax time? If you’ve ever wondered how you can keep more of what you make or had to pay Uncle Sam at tax time, then this teleclass is for you. If you’re an experienced or emerging entrepreneur, or just pondering the jump into starting your own business, then this session is for you. If you’re not sure why you would take on having your own business, or how it would help you at tax time, this course is for you.
Frank Winn and Gail Hahn are both successful, savvy business owners for many, many years and have learned from some of the best tax professionals on how to keep more money in their pockets at tax time by knowing the rules and using them to their advantage. Nope, they’re not tax professionals themselves, just experiences entrepreneurs who have hired the experts and have learned the ropes over the years.
They will reveal 30 tax tips in 33 minutes so you can reap the benefits of knowing some of the ways you can take legal deductions for your legitimate business expenses. We don’t cross the line; we just snuggle up to it. Loopholes were made to jump through and we will reveal to you 30 strategies you can save more on your tax bill. Of course there are about 60,000 pages of tax code – we’re just divulging some of the biggies where you can benefit if you have a business of your own. We’re in it to win it with our own business and we want you to join the entrepreneurial revolution and beat the tax system.
So if you’re just thinking about starting your own business or have one and want to turbo-charge your tax savings, join us for this fast-paced teleclass on Thursday, 8 April at the numbers and times listed below. The call will be 33 minutes of tax tips and if you want to stay with us for another 10 minutes, we will share an easy way to start your own business and claim your piece of the pie as a business owner. Simple, safe, no worries, no pressure – just letting you know we’ve found what CNBC and the E! TV networks have called America’s Best Product. Come see what it’s all about and learn a little something to make your life better too.
The number for this call is 218-339-7777, pin 7668800. Please dial in a few minutes early so we can start on time. The call starts promptly at 6pm Pacific/7pm Mountain/8pm Central and 9pm Eastern on Thursday evening 8 April 2010 in the comfort of your own space.
This call will be recorded. The recording number to access the call after it is completed on 8 April is: 218-339-2487, pin 7668800#, they will ask for the recording number: 0408#
If you want to save 10% on more Tax Reduction Secrets and How to Save Money on Taxes Big Time resources, books, tapes and programs by a former IRS Trainer, CPA and Attorney, use the coupon code: gailhahn when you purchase something from The Tax Reduction Institute. Their products make your life less taxing.
I don’t know anybody who isn’t somewhat affected by the economic times, no matter where they live. And it takes courage, foresight, insight, hind-sight and sometimes outta-sight thinking to rise above the noise and keep moving forward to make it better.
In tough times we are being called to cultivate qualities that weren’t there before. Our soul can now develop qualities that couldn’t have unfolded without such times as this. Remember that it takes tons of pressure to make diamonds. We all react differently under pressure – how are you reacting? How are you pro-acting? How are you acting in the face of some large or small adversity?
Yep, we may have to dial things down, take stock, look around for opportunities and then take action. Take massive action. Action is what produces change and I believe it’s us entrepreneurs who are going to get this economy going again. It also adds to your feelings of worth and energizes you when you can do good and do well and help others do the same.
It’s during these times when mind-shifts happen and when we learn the way of making the universe bigger for all is in giving, it’s when we can give thanks for the qualities that have emerged during the pressure. It’s not always fun, welcomed or enjoyed. Sometimes it sucks….badly….. but often our opportunities come disguised as adversity…. how are you going to look at your circumstances and how are you going to change them for the better? And remember that our net worth is not equal to our self worth – we’ve all lost some of our net worth lately and thank goodness we didn’t lose our self worth!
The word “courage” has come up a lot lately in my life. My good friend (and “twin sistah”) Sue has done paintings about it. My wise counsel Bill told me I needed to have lots of it since every single thing in my life on every level was in flux right now. My BFF Barb and I have discussed different versions of it nearly every night for the past 10 months. And now my friend Paul sends me the following excerpt and video link about the courage to say YES and the courage to not quit.
I think I’m getting the hint to have the guts to keep moving forward and figure out creative ways to energize myself and my life no matter what may shift, change, crumble, not materialize or be taken away from me.
I’ve had lots of training in courage and finishing the game. I’ve done triathlons, marathons, century rides, 30-day backpacking stints to survive in the wilderness for a month, and a 220 kilometer bike ride through 3 countries in 1 day. Those were peanuts compared to the following video. I’ve learned that shifting gears and re-assessing or doing the race in your own style is not quitting – it’s twisting the situation to best fit your needs, even though it may not be the norm. Having faith in yourself and the bigger picture is what pulls you through sometimes. I also realize that no matter how big a race I think I’m racing, there’s always something much bigger, and that energizes and inspires me. So what keeps you energized and motivated to not quit?
For any of you who have thought about quitting your dream – check out this video below. Instead of entertaining the thought of quitting, perhaps just take a detour or side step a little on your path forward and watch this video. Fair warning – I had tears in my keyboard before the first few words were uttered.
A son asked his father, ‘Dad, will you take part in a marathon with me?’
The father who, despite having a heart condition, says ‘Yes’. They went on to complete the marathon together.
Father and son went on to join other marathons, the father always saying ‘Yes’ to his son’s request of going through the race together.
One day, the son asked his father, ‘Dad, let’s join the Ironman together.’ To which, his father said ‘Yes’ to.
For those who didn’t know, Ironman is the toughest triathlon ever. The race encompasses three endurance events of a 2.4 mile (3.86 kilometer) ocean swim, followed by a 112 mile (180.2 kilometer) bike ride, and ending with a 26.2 mile (42.195 kilometer) marathon along the coast of the Big Island .
Father and son went on to complete the race together. View this video for lessons in not quitting
Have you ever wondered why so many people are stuck these days? Or why there are so many How To books, but nobody seems to be getting it and continue to stay where they are?
For a couple decades now, I’ve walked the path of “Once you know the why and the what, the how’s will figure out themselves.” It’s the how that keeps us stuck. Just have the faith that it will be figured out as you go. The momentum is in the forward movement and the faith that if you move forward and take those steps, the hows will present themselves in ways you’ve never dreamed possible.
I’ve experienced this phenomenon several times in the past couple months – taking the steps forward and not necessarily knowing how I was going to get there. It takes courage and belief and sometimes some back sliding. Yep, I’ve had my share of panic moments, breakdowns, and holy cow what am I gonna do moments. It’s amazing what has come of it and the things that I manifested have been nothing short of amazing.
One of the thought leaders in this area I’ve recently been introduced to is David Neagle – the multimillionaire coach to entrepreneurs and solopreneurs. I believe if you want to stretch and grow your business, you need to stretch and grow yourself. If you work more on yourself than on your business, the rest will take care of itself. It’s all in your thoughts, perceptions and beliefs.
David’s belief is that we get stuck in the how. If we just knew the way, then we could get out of our own way and tap into the universal consciousness, which knows the way and will manifest what we need. A little woo, woo, but it truly is the secret behind The Secret. Instead of getting stuck in the how, just know the why and the what and as you move forward, the how’s will take care of themselves. Gather up your guts and believe it will happen, then get going.
You do this every day when you drive your car. You probably don’t know how that engine works, but you have faith that it will work and believe that when you step on the gas, it will move forward. You know the why you want to drive someplace and the what is the car or what you need to drive to, then you just act as if that car will move forward for you and it does. No need to have all the how’s figured out. You don’t need to have it all figured out in order to move forward – just MOVE!
Take a look at this video on how your future is NOW: http://www.youtube.com/watch?v=FbNbfu85hUs&list=PLtUVv9eXCdIKmF4MMCOVMBuzeZ1nrrUQF
Where are you most comfortable living… in your left brain or your right brain?
Left brainers, elbies, are more comfortable linear thinking, number crunching, logical, facts, details, math, science, rules, thinking, reality based and safe.
Right brainers, arbies, are more creative, free flowing, mind mapping, artsy, musical, big picture, visionary, risk taking, feelings, imagination and fantasy.
I recently was directed to this website from an Australian newspaper that has a graphic of a dancer. Whether you see her spinning clockwise or counterclockwise can tell you which side of your brain you’re living in at that very moment.
Check it out: http://www.news.com.au/heraldsun/story/0,21985,22556281-661,00.html
I found I could only see her spinning in one direction. I couldn’t for the life of me visualize how she she could be seen spinning in the other direction…. until I started reading the words that represented the other side of the brain. When I read those words, I could then see her spinning in the other direction automatically and immediately. How weird is that??!!
That’s how fast you can switch from using one side of your brain to the other. From all these kinds of tests over the years, I’ve found I sit right in the middle on the fence and can easily swing from one side to the other depending on the situation.
To help you access and integrate easier for problem solving, creative thinking or number crunching; try throwing something between your hands or juggling. Throwing something back and forth helps you integrate. Growing dendrites on both sides of your brain can also be accomplished by little activities such as brushing your teeth with the opposite hand, eating with the other hand or European style, crossword puzzles, Soduko or other memory games.
Elbies and Arbies also store things differently. To be most efficient, figure out which side is more comfortable for you to live in. Elbies tend to store things vertically behind closed doors such as file cabinets, closets, drawers, hangers etc. These are the neat desk people.
Arbies tend to store things horizontally and within plain view – these are called piles. Right brainers need the visual stimulation to remind them to do something. If it’s out of sight, it’s out of mind. They prefer hooks to hangers and shelving to drawers.
The rest of us in the middle are the anal retentive creative types – horizontal stacking in-boxes that are labeled. A mixture of both styles.
Figure out your style and your preference, then organize your space around your style to feel most at ease, to find things more easily and then know how to access your other side of your brain and call in the reinforcements when you need them.
After reading and ruminating on the book The 4-Hour Workweek for a few months; I’ve been keenly aware of how I spend my time. Time, unlike money, once spent can never be recovered and so I guard my time more fiercely than ever these days and really watch my boundaries. Putting boundaries on my time and allowing people, things and stuff to enter the forcefield is more of a conscious decision at this point in my life.
We really cannot manage time, we can only manage ourselves in the space of our time. That means getting very clear on what to do and what to drop and what to outsource and what is important and what is urgent and what doesn’t really matter that much at all. My business partner often says, “If you don’t have enough time, you don’t have enough team.” I also think if you don’t have enough time, re-think the things you’re stuffing into that time and make hard choices.
To help manage myself in my time, I use a color coding system in my hard-copy Daytimer. I also use a Google Calendar so my virtual assistants can see my schedule and when I need time, I just block it out on the schedules so nobody else can grab that time slot. I use a paper method as well as digital because I’ve had many computer gremlins and I need to know I have a back-up system in case the computer or internet goes down. Select colors that represent personal, professional, deadlines, obligations etc. If one color is dominating your schedule – analyze why that is and make changes.
Since moving to the beach, I’ve decided that I won’t take any incoming calls or work until after 9am. A purposeful choice that this is the time zone in which I live and just because the East Coast is up and running, doesn’t mean I need to be at my desk by 5am so they can call me at their convenience. I’ve also adopted the motto – no more rushing. I’ve rushed to catch planes, make deadlines, be available to everybody’s emails and calls for over 20 years and I needed a break, hence no postings for a couple months while I decompressed after I moved out to California. I realized it was me allowing all those other things to take my time and it was only me who had the power to take back my time. It’s our choice.
I’m reminded of the demonstration I saw about time management in a workshop – by having sand represent all the little schnitzy things you need to do and having ping pong balls represent the things that matter in your life. If you fill a vase with sand and then try to put in the ping pong balls, they won’t fit. But by putting in the ping pong balls first – putting the things that matter most to you first in your life, then pouring the sand into the vase; the sand fills in the empty spaces and everything will fit in the vase. It fits snugly, but it fits and anything that doesn’t fit is only the sniggly things that don’t matter so much anyway.
So how are you managing yourself inside your time zone? My friend Kathie makes phone dates to catch up with friends – she uses her beach walking time to talk on her cell with good friends so she can exercise while talking. My friend Beth uses her treadmill time to chat. A realtor buddy takes no incoming calls before 11 – he reserves the morning for himself. I’m working on only taking calls and appointments Tuesday – Thursday so I can have Mondays and Fridays completely to myself. I’m not totally there yet, it’s a work in progress, but I’m conscious of it. If I need to do things on these days, then I’m blocking out time during the week to do as I choose.
I will not get to only working 4 hours per week- I don’t thing I would even like to choose that. I truly enjoy what I do and it keeps me energized. Often people ask me if I work “full time”. Full time and part time are mindsets of the W2 working world. As an Entrepreneur, I just do my life. I have several companies and I just do some more than others as things dictate. Sometimes I focus on my work 60 hours in one week and sometimes 3 hours in one week – it all depends on what is happening in my life at the time – go with the flow. Entrepreneurs don’t do rules very well.
So how do you set your personal boundaries, your time boundaries and how do you manage yourself within the time you have? What is your time zone? Are you in the zone in the mornings or evenings? When are you brain dead and when are you most sharp and creative? Work your stuff around your bio-rhythms and when you are most productive and be very conscious of who and what you allow inside your boundaries in order to keep your energy for the things that really matter most.
I’m thrilled to announce an interview I did for a recent article in the London Times on the business of fun at work. We’re ready to get the British energized and pumped up for some play in the workplace. People all over the world are finally getting it that work made fun gets done and good times lead to good business.Check out the full article below or click on the link.
With the help of my speaking buddies, Beth Terry, Steve Tyra, Terry Brock and of course the star attractions, Larry Colbert and Banner the wonder dog. Here’s the rest of the story in their own words about what happened that Friday the 13th with Larry, Banner and the Southwest Employees who showed their true colors in a life or death situation.
Check out the happy ending to this heart-warming story about compassion, teamwork, humanitarian and heroic efforts and doing the right thing on YouTube: http://youtube.com/watch?v=YZ17L8j6bsY
Truly inspirational efforts on everybody’s part to come through in a difficult situation.
Even the canine community pulled together. Here’s the card my Madison sent to Banner as well as a photo of Banner enjoying medical leave lounging by the pool in his colorful bandages. If you want to send a card to Banner, click here: