Archive for the 'LLC' Category



This is an exclusive post from the personal finance advice blog at FinanceGourmet.com.

Business Tax ID Number – FEIN and EIN Explained

Finance Gourmet - Personal finance advice and investing tips

This is an exclusive post from the personal finance advice blog at FinanceGourmet.com.
Business Tax ID Number – FEIN and EIN Explained
Finance Gourmet - Personal finance advice and investing tips

There is an unfortunate amount of confusion surrounding the concept of the Federal Tax Identification Number. It is ironic, because the whole Tax ID, FEIN, and […]

Business tax deductions are important in order to offset high business taxes levied against small business owners and entrepreneurs. Business owners, particularly, single proprietors are often hit with high tax bills because of the Self Employment Taxes.
Self-employment taxes, or SE Tax, is so high because it includes taxes that would usually be paid by […]

This is an exclusive post from the personal finance advice blog at FinanceGourmet.com.

Section 179 Deduction 2009 Limits for Small Businesses, LLC, Sole-Proprietorships, and More

Finance Gourmet - Personal finance advice and investing tips

A great tax saving strategy, particularly for higher-income taxpayers is to start a small business. Many expenses that are not deductible for regular Federal Income Taxes are deductible to a business. For example, the mileage deduction is not deductible for personal driving purposes, and mileage driving to work is also not deductible. However, mileage […]

This is an exclusive post from the personal finance advice blog at FinanceGourmet.com.

More Tax Deductions for Small Business Owners and Sole-Proprietorships

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