To contact us Click HERE
It's not just our neighbors to the North that can see the insanity of progressive socialism, the entire world can see it and believes it will fail as all others that have tried it have failed.
But Mr Obama's agenda is based in hate for civil society and the democratic process. He believes those that have gain wealth and position by hard work and diligence have done so by taking from others.
It is his mission to correct this injustice by destroying the foundations of personal freedom by dividing the people into classes, those that have must allow those that don't equal access to wealth whether they earned it or not.
According to the progressive socialists, It is the job of government to make sure that the rewards of the productive are shared, by force if necessary, with those that do not have the same talents and or the same will to succeed.
Mr Obama was reelected by a very slim majority of voters. Still, it begs the question, why? Knowing full well what the last 4 years have done to this country and yet they vote for more of the same.
Are the majority of the citizens of America willingly ready to give up personal freedom for the bended knee and the out stretched hand? How sad we have come to this point in time given what so many have sacrificed for freedom and the America dream.
(author unknown, but no matter, this is good)
Got this list today and I just had to share it. It is from a Canadian journalist. Just felt y'all needed to be aware; don't be shocked....
1) Only in America, could politicians talk about the greed of the rich at a $35,000.00 a plate campaign fund-raising event.
2) Only in America, could people claim that the government still discriminates against black Americans when they have a black President, a black Attorney General, and roughly 18% of the federal workforce is black while only 12% of the population is black.
3) Only in America, could they have had the two people most responsible for our tax code, Timothy Geithner, the head of the Treasury Department and Charles Rangel who once ran the Ways and Means Committee, BOTH turn out to be tax cheats who are in favor of higher taxes.
4) Only in America, can they have terrorists kill people in the name of Allah and have the media primarily react by fretting that Muslims might be harmed by the backlash.
5) Only in America, would they make people who want to legally become American citizens wait for years in their home countries and pay tens of thousands of dollars for the privilege while we discuss letting anyone who sneaks into the country illegally just 'magically' become American citizens.
6) Only in America, could the people who believe in balancing the budget and sticking by the country's Constitution be thought of as "extremists."
7) Only in America, could you need to present a driver's license to cash a check or buy alcohol, but not to vote.
8) Only in America, could people demand the government investigate whether oil companies are gouging the public because the price of gas went up when the return on equity invested in a major U.S. oil company (Marathon Oil) is less than half of a company making tennis shoes (Nike).
9) Only in America, could the government collect more tax dollars from the people than any nation in recorded history, still spend a Trillion dollars more than it has per year - for total spending of $7-Million PER MINUTE, and complain that it doesn't have nearly enough money.
10) Only in America, could the rich people - who pay 86% of all income taxes - be accused of not paying their "fair share" by people who don't pay any income taxes at all.
"It is the greatest of all mistakes to do nothing because you can only do a little. Do what you can. Do all the good you can do, for all the people you can, as long as ever you can." - Rev. Sydney Smith c.1849
10 Kasım 2012 Cumartesi
Climate Change A UN Global Fraud : China & India
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Climate changers are they way they are as a function of an agenda to control population activities, not anything about what will happen to the country if the climate actually changes.
As I have stated many times here, it's about power and control, getting it and keeping, nothing more. There those that believe when the old Soviet Union collapsed, those in power had no where to go to continue their quest until they found the climate change agenda. Without much head scratching, one can see It was a perfect fit.
Reality? You decide.
Global Climate Change Impacts in the United States
Source: "Addendum: Global Climate Change Impacts in the United States," Cato Institute, October 31, 2012.
November 9, 2012
The Cato Institute recently released a report that includes details that were missed by the 2009 report from the U.S. Global Change Research Program regarding global climate change.
•The earth has experienced two warming periods in the past 160 years: one from 1910 to 1940 and from 1976 to 1998.
•Warming will likely be at the low end of reports from the UN's Intergovernmental Panel on Climate Change (IPCC) at only 2.9 degrees Fahrenheit.
•But, the global average temperature since 1900 has already risen by about 1.4 degrees Fahrenheit.
•Moreover, reducing carbon emission by over 80 percent will have no measurable effect on the global climate.
While the 2009 report stressed that the United States should cut emissions to avoid the devastating impacts of climate change, the Cato Institute found that this is simply not the case. To begin with, any reductions in carbon emissions would not be able to offset the output from industries in emerging countries like China, India and the rest of the developing world.
After including data that had been left out, the report finds that:
•Climate change will occur in the United States, but the impacts of climate change have little national significance.
•Water resources will be affected by climate change.
•Crop and livestock will adapt to climate change and maintain high yields.
•Sea level rises as a result of warming are easy to adapt to.
•Life expectancy and wealth are likely to increase.
•Climate change is a minor overlay on U.S. society.
•Species and ecosystems will change with or without climate change.
Finally, policies to curb emissions have little effect on global temperature.
As I have stated many times here, it's about power and control, getting it and keeping, nothing more. There those that believe when the old Soviet Union collapsed, those in power had no where to go to continue their quest until they found the climate change agenda. Without much head scratching, one can see It was a perfect fit.
Reality? You decide.
Global Climate Change Impacts in the United States
Source: "Addendum: Global Climate Change Impacts in the United States," Cato Institute, October 31, 2012.
November 9, 2012
The Cato Institute recently released a report that includes details that were missed by the 2009 report from the U.S. Global Change Research Program regarding global climate change.
•The earth has experienced two warming periods in the past 160 years: one from 1910 to 1940 and from 1976 to 1998.
•Warming will likely be at the low end of reports from the UN's Intergovernmental Panel on Climate Change (IPCC) at only 2.9 degrees Fahrenheit.
•But, the global average temperature since 1900 has already risen by about 1.4 degrees Fahrenheit.
•Moreover, reducing carbon emission by over 80 percent will have no measurable effect on the global climate.
While the 2009 report stressed that the United States should cut emissions to avoid the devastating impacts of climate change, the Cato Institute found that this is simply not the case. To begin with, any reductions in carbon emissions would not be able to offset the output from industries in emerging countries like China, India and the rest of the developing world.
After including data that had been left out, the report finds that:
•Climate change will occur in the United States, but the impacts of climate change have little national significance.
•Water resources will be affected by climate change.
•Crop and livestock will adapt to climate change and maintain high yields.
•Sea level rises as a result of warming are easy to adapt to.
•Life expectancy and wealth are likely to increase.
•Climate change is a minor overlay on U.S. society.
•Species and ecosystems will change with or without climate change.
Finally, policies to curb emissions have little effect on global temperature.
ObamaCare Coming to Town : Prepare for A Shock
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The Affordable Care Act (ACA), ObamaCare, is just what we all thought it was, a 3000 page nightmare that is unworkable, and will ensure that millions will be denied health care, not just insurance for health care.
The problems with ObamaCare are so great and far reaching it's hard to decide just which aspect of the bill is the worst. Is it mobility, pre-existing conditions as this article points out, cost in real terms, quality and or availability for new seniors? How many doctors will opt out or retire to avoid the increased regulations?
In reality, the entire bill is designed to corrupt the private insurance industry and force everyone into the eventual 'single payer' disaster just a Mr Obama has stated he wants.
Bottom line in the debate is we will lose quality health care and for many no health care at all. Unelected bureaucrats deciding whether people live of die, death panels, the regulations that even the supreme court found ludicrous, can only foretell the health care nightmare that is in store for us all.
Debating Health Reform: The Pre-Existing Condition Problem
Source: Avik Roy, "Debating Health Reform: The Preexisting Condition Problem," Manhattan Institute, October 2012.
November 9, 2012
The central point in the argument for health care reform revolves around whether individuals can be denied coverage for preexisting conditions. Although the Affordable Care Act (ACA) approach guarantees coverage in the short term, it poses long term risks to the U.S. health care system, says Avik Roy, a senior fellow at the Manhattan Institute.
•According to the Congressional Budget Office (CBO), only 3.5 percent of the 55 million uninsured were uninsured because they were denied coverage due to preexisting conditions.
•However, 71 percent of people blamed their lack of insurance on high costs.
•The CBO estimated that 700,000 people would enroll in the ACA's high-risk pool for people with preexisting conditions.
•But as of July 31, only 82,000 people had signed up.
There are two root causes to the problem of preexisting conditions. First, the tax code ties employment to health insurance, meaning that people have gaps in coverage when they lose their jobs. If a person loses a job and has a preexisting condition, the individual is forced to endure high premiums.
Second, health insurance is too costly for individuals to purchase. This is primarily because insurance companies cater to large companies and have no incentive to build economically viable risk pools for those that want to purchase health insurance individually.
Rather than tackling the root causes, the ACA exacerbates the problems with health care in America. Instead, it raises premiums and forces people to buy insurance. For those that can't afford it, the government will subsidize insurance which will be paid for with cuts to Medicare and higher taxes.
The problems with ObamaCare are so great and far reaching it's hard to decide just which aspect of the bill is the worst. Is it mobility, pre-existing conditions as this article points out, cost in real terms, quality and or availability for new seniors? How many doctors will opt out or retire to avoid the increased regulations?
In reality, the entire bill is designed to corrupt the private insurance industry and force everyone into the eventual 'single payer' disaster just a Mr Obama has stated he wants.
Bottom line in the debate is we will lose quality health care and for many no health care at all. Unelected bureaucrats deciding whether people live of die, death panels, the regulations that even the supreme court found ludicrous, can only foretell the health care nightmare that is in store for us all.
Debating Health Reform: The Pre-Existing Condition Problem
Source: Avik Roy, "Debating Health Reform: The Preexisting Condition Problem," Manhattan Institute, October 2012.
November 9, 2012
The central point in the argument for health care reform revolves around whether individuals can be denied coverage for preexisting conditions. Although the Affordable Care Act (ACA) approach guarantees coverage in the short term, it poses long term risks to the U.S. health care system, says Avik Roy, a senior fellow at the Manhattan Institute.
•According to the Congressional Budget Office (CBO), only 3.5 percent of the 55 million uninsured were uninsured because they were denied coverage due to preexisting conditions.
•However, 71 percent of people blamed their lack of insurance on high costs.
•The CBO estimated that 700,000 people would enroll in the ACA's high-risk pool for people with preexisting conditions.
•But as of July 31, only 82,000 people had signed up.
There are two root causes to the problem of preexisting conditions. First, the tax code ties employment to health insurance, meaning that people have gaps in coverage when they lose their jobs. If a person loses a job and has a preexisting condition, the individual is forced to endure high premiums.
Second, health insurance is too costly for individuals to purchase. This is primarily because insurance companies cater to large companies and have no incentive to build economically viable risk pools for those that want to purchase health insurance individually.
Rather than tackling the root causes, the ACA exacerbates the problems with health care in America. Instead, it raises premiums and forces people to buy insurance. For those that can't afford it, the government will subsidize insurance which will be paid for with cuts to Medicare and higher taxes.
Get ready for the new year with January's Tax Due Date Reminders!
To contact us Click HERE
The staff at Holdsworth & Co. joins you in saying goodbye to 2011 and ringing in a healthy and prosperous 2012!
Thanks for visiting our recently launched blogsite. As we begin the new year, we want to help keep you on course with a list of tax due date reminders for January. We're happy to answer any of your questions and are just a phone call away.
The staff at Holdsworth & Co. joins you in saying goodbye to 2011 and ringing in a healthy and prosperous 2012!
Thanks for visiting our recently launched blogsite. As we begin the new year, we want to help keep you on course with a list of tax due date reminders for January. We're happy to answer any of your questions and are just a phone call away.
| January 10 | Employees - who work for tips. If you received $20 or more in tips during December, report them to your employer. You can use Form 4070, Employee's Report of Tips to Employer. |
| January 17 | Employers - Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in December 2011.Individuals - Make a payment of your estimated tax for 2011 if you did not pay your income tax for the year through withholding (or did not pay in enough tax that way). Use Form 1040-ES. This is the final installment date for 2011 estimated tax. However, you do not have to make this payment if you file your 2011 return (Form 1040) and pay any tax due by January 31, 2012.Employers - Nonpayroll Withholding. If the monthly deposit rule applies, deposit the tax for payments in December 2011.Farmers and Fishermen - Pay your estimated tax for 2011 using Form 1040-ES. You have until April 17 to file your 2011 income tax return (Form 1040). If you do not pay your estimated tax by January 17, you must file your 2011 return and pay any tax due by March 1, 2012, to avoid an estimated tax penalty. |
| January 31 | Employers - Give your employees their copies of Form W-2 for 2011 by January 31, 2012. If an employee agreed to receive Form W-2 electronically, post it on a website accessible to the employee and notify the employee of the posting by January 31.Businesses - Give annual information statements to recipients of 1099 payments made during 2011.Employers - Federal unemployment tax. File Form 940 for 2011. If your undeposited tax is $500 or less, you can either pay it with your return or deposit it. If it is more than $500, you must deposit it. However, if you already deposited the tax for the year in full and on time, you have until February 10 to file the return.Employers - Social Security, Medicare, and withheld income tax. File Form 941 for the fourth quarter of 2011. Deposit any undeposited tax. (If your tax liability is less than $2,500, you can pay it in full with a timely filed return.) If you deposited the tax for the quarter in full and on time, you have until February 10 to file the return.Employers - Nonpayroll taxes. File Form 945 to report income tax withheld for 2011 on all nonpayroll items, including backup withholding and withholding on pensions, annuities, IRAs, gambling winnings, and payments of Indian gaming profits to tribal members. Deposit any undeposited tax. (If your tax liability is less than $2,500, you can pay it in full with a timely filed return.) If you deposited the tax for the year in full and on time, you have until February 10 to file the return.Individuals - who must make estimated tax payments. If you did not pay your last installment of estimated tax by January 17, you may choose (but are not required) to file your income tax return (Form 1040) for 2011. Filing your return and paying any tax due by January 31 prevents any penalty for late payment of last installment.Payers of Gambling Winnings - If you either paid reportable gambling winnings or withheld income tax from gambling winnings, give the winners their copies of Form W-2G.Certain Small Employers - File Form 944 to report Social Security and Medicare taxes and withheld income tax for 2011. Deposit or pay any undeposited tax under the accuracy of deposit rules. If your tax liability is $2,500 or more from 2011 but less than $2,500 for the fourth quarter, deposit any undeposited tax or pay it in full with a timely filed return. |
Discover Your Pot o' Gold...in Your Tax Deductible Vacation!
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Tim, who owns his own business, decided he wanted to take a two-week trip around the US. So he did--and was able to legally deduct every dime that he spent on his "vacation". Here's how he did it.
1. Make all your business appointments before you leave for your trip.
Most people believe that they can go on vacation and simply hand out their business cards in order to make the trip deductible.
Wrong.
You must have at least one business appointment before you leave in order to establish the "prior set business purpose" required by the IRS. Keeping this in mind, before he left for his trip, Tim set up appointments with business colleagues in the various cities that he planned to visit.
Let's say Tim is a manufacturer of green office products looking to expand his business and distribute more product. One possible way to establish business contacts--if he doesn't already have them--is to place advertisements looking for distributors in newspapers in each location he plans to visit. He could then interview those who respond when he gets to the business destination.
In order to deduct all of your on-the-road business expenses, you must be traveling on business. The IRS states that travel expenses are 100% deductible as long as your trip is business related and you are traveling away from your regular place of business longer than an ordinary day's work and you need to sleep or rest to meet the demands of your work while away from home.
For every day you are on business travel, you can deduct 100% of lodging, tips, car rentals, and 50% of your food. Tim spends three days meeting with potential distributors. If he spends $50 a day for food, he can deduct 50% of this amount, or $25.
If you have a business day on Friday and another one on Monday, you can deduct all on-the-road expenses during the weekend.
The IRS says that you can deduct transportation expenses if business is the primary purpose of the trip. A majority of days in the trip must be for business activities, otherwise, you cannot make any transportation deductions.
Since Tim accrued six business days, he could spend another five days having fun and still deduct all his transportation to San Diego. The reason is that the majority of the days were business days (six out of eleven). However, he can only deduct six days worth of lodging, dry cleaning, shoe shines, and tips. The important point is that Tim would be spending money on lodging, airfare, and food, but now most of his expenses will become deductible.
Consult us before you plan your next trip. We'll show you the right way to legally deduct your vacation when you combine it with business. Bon Voyage!
Tim, who owns his own business, decided he wanted to take a two-week trip around the US. So he did--and was able to legally deduct every dime that he spent on his "vacation". Here's how he did it.
1. Make all your business appointments before you leave for your trip.
Most people believe that they can go on vacation and simply hand out their business cards in order to make the trip deductible.
Wrong.
You must have at least one business appointment before you leave in order to establish the "prior set business purpose" required by the IRS. Keeping this in mind, before he left for his trip, Tim set up appointments with business colleagues in the various cities that he planned to visit.
Let's say Tim is a manufacturer of green office products looking to expand his business and distribute more product. One possible way to establish business contacts--if he doesn't already have them--is to place advertisements looking for distributors in newspapers in each location he plans to visit. He could then interview those who respond when he gets to the business destination.
In order to deduct all of your on-the-road business expenses, you must be traveling on business. The IRS states that travel expenses are 100% deductible as long as your trip is business related and you are traveling away from your regular place of business longer than an ordinary day's work and you need to sleep or rest to meet the demands of your work while away from home.
For every day you are on business travel, you can deduct 100% of lodging, tips, car rentals, and 50% of your food. Tim spends three days meeting with potential distributors. If he spends $50 a day for food, he can deduct 50% of this amount, or $25.
If you have a business day on Friday and another one on Monday, you can deduct all on-the-road expenses during the weekend.
The IRS says that you can deduct transportation expenses if business is the primary purpose of the trip. A majority of days in the trip must be for business activities, otherwise, you cannot make any transportation deductions.
Since Tim accrued six business days, he could spend another five days having fun and still deduct all his transportation to San Diego. The reason is that the majority of the days were business days (six out of eleven). However, he can only deduct six days worth of lodging, dry cleaning, shoe shines, and tips. The important point is that Tim would be spending money on lodging, airfare, and food, but now most of his expenses will become deductible.
Consult us before you plan your next trip. We'll show you the right way to legally deduct your vacation when you combine it with business. Bon Voyage!
 |
| Dublin, Ireland |
Tim, who owns his own business, decided he wanted to take a two-week trip around the US. So he did--and was able to legally deduct every dime that he spent on his "vacation". Here's how he did it.
1. Make all your business appointments before you leave for your trip.
Most people believe that they can go on vacation and simply hand out their business cards in order to make the trip deductible.
Wrong.
You must have at least one business appointment before you leave in order to establish the "prior set business purpose" required by the IRS. Keeping this in mind, before he left for his trip, Tim set up appointments with business colleagues in the various cities that he planned to visit.
Let's say Tim is a manufacturer of green office products looking to expand his business and distribute more product. One possible way to establish business contacts--if he doesn't already have them--is to place advertisements looking for distributors in newspapers in each location he plans to visit. He could then interview those who respond when he gets to the business destination.
Example: Tim wants to vacation in Hawaii. If he places several advertisements for distributors, or contacts some of his downline distributors to perform a presentation, then the IRS would accept his trip for business.
Tip: It would be vital for Tim to document this business purpose by keeping a copy of the advertisement and all correspondence along with noting what appointments he will have in his diary.2. Make Sure your Trip is All "Business Travel."
In order to deduct all of your on-the-road business expenses, you must be traveling on business. The IRS states that travel expenses are 100% deductible as long as your trip is business related and you are traveling away from your regular place of business longer than an ordinary day's work and you need to sleep or rest to meet the demands of your work while away from home.
Example: Tim wanted to go to a regional meeting in Boston, which is only a one-hour drive from his home. If he were to sleep in the hotel where the meeting will be held (in order to avoid possible automobile and traffic problems), his overnight stay qualifies as business travel in the eyes of the IRS.
Tip: Remember: You don't need to live far away to be on business travel. If you have a good reason for sleeping at your destination, you could live a couple of miles away and still be on travel status.3. Make sure that you deduct all of your on-the-road -expenses for each day you're away.
For every day you are on business travel, you can deduct 100% of lodging, tips, car rentals, and 50% of your food. Tim spends three days meeting with potential distributors. If he spends $50 a day for food, he can deduct 50% of this amount, or $25.
Tip:The IRS doesn't require receipts for travel expense under $75 per expense--except for lodging.
Example: If Tim pays $6 for drinks an the plane, $6.95 for breakfast, $12.00 for lunch, $50 for dinner, he does not need receipts for anything since each item was under $75.
Tip: He would, however, need to document these items in your diary. A good tax diary is essential in order to audit-proof your records. Adequate documentation shall consist of amount, date, place and business reason for the expense.
Example: If, however, Tim stays in the Bates Motel and spends $22 on lodging, will he need a receipt? The answer is yes. You need receipts for all paid lodging.
Tip: Not only are your on-the-road expenses deductible from your trip, but also all laundry, shoe shines, manicures, and dry-cleaning costs for clothes worn on the trip. Thus, your first dry cleaning bill that you incur when you get home will be fully deductible. Make sure that you keep the dry cleaning receipt and have your clothing dry cleaned within a day or two of getting home.4. Sandwich weekends between business days.
If you have a business day on Friday and another one on Monday, you can deduct all on-the-road expenses during the weekend.
Example: Tim makes business appointments in Florida on Friday and one on the following Monday. Even though he has no business on Saturday and Sunday, he may deduct on-the-road business expenses incurred during the weekend.5. Make the majority of your trip days business days.
The IRS says that you can deduct transportation expenses if business is the primary purpose of the trip. A majority of days in the trip must be for business activities, otherwise, you cannot make any transportation deductions.
Example: Tim spends six days in San Diego. He leaves early on Thursday morning. He had a seminar on Friday and meets with distributors on Monday and flies home on Tuesday, taking the last flight of the day home after playing a complete round of golf. How many days are considered business days?All of them. Thursday is a business day, since it includes traveling - even if the rest of the day is spent at the beach. Friday is a business day because he had a seminar. Monday is a business day because he met with prospects and distributors in pre-arranged appointments. Saturday and Sunday are sandwiched between business days, so they count, and Tuesday is a travel day.
Since Tim accrued six business days, he could spend another five days having fun and still deduct all his transportation to San Diego. The reason is that the majority of the days were business days (six out of eleven). However, he can only deduct six days worth of lodging, dry cleaning, shoe shines, and tips. The important point is that Tim would be spending money on lodging, airfare, and food, but now most of his expenses will become deductible.
Consult us before you plan your next trip. We'll show you the right way to legally deduct your vacation when you combine it with business. Bon Voyage!
Tim, who owns his own business, decided he wanted to take a two-week trip around the US. So he did--and was able to legally deduct every dime that he spent on his "vacation". Here's how he did it.
1. Make all your business appointments before you leave for your trip.
Most people believe that they can go on vacation and simply hand out their business cards in order to make the trip deductible.
Wrong.
You must have at least one business appointment before you leave in order to establish the "prior set business purpose" required by the IRS. Keeping this in mind, before he left for his trip, Tim set up appointments with business colleagues in the various cities that he planned to visit.
Let's say Tim is a manufacturer of green office products looking to expand his business and distribute more product. One possible way to establish business contacts--if he doesn't already have them--is to place advertisements looking for distributors in newspapers in each location he plans to visit. He could then interview those who respond when he gets to the business destination.
Example: Tim wants to vacation in Hawaii. If he places several advertisements for distributors, or contacts some of his downline distributors to perform a presentation, then the IRS would accept his trip for business.
Tip: It would be vital for Tim to document this business purpose by keeping a copy of the advertisement and all correspondence along with noting what appointments he will have in his diary.2. Make Sure your Trip is All "Business Travel."
In order to deduct all of your on-the-road business expenses, you must be traveling on business. The IRS states that travel expenses are 100% deductible as long as your trip is business related and you are traveling away from your regular place of business longer than an ordinary day's work and you need to sleep or rest to meet the demands of your work while away from home.
Example: Tim wanted to go to a regional meeting in Boston, which is only a one-hour drive from his home. If he were to sleep in the hotel where the meeting will be held (in order to avoid possible automobile and traffic problems), his overnight stay qualifies as business travel in the eyes of the IRS.
Tip: Remember: You don't need to live far away to be on business travel. If you have a good reason for sleeping at your destination, you could live a couple of miles away and still be on travel status.3. Make sure that you deduct all of your on-the-road -expenses for each day you're away.
For every day you are on business travel, you can deduct 100% of lodging, tips, car rentals, and 50% of your food. Tim spends three days meeting with potential distributors. If he spends $50 a day for food, he can deduct 50% of this amount, or $25.
Tip:The IRS doesn't require receipts for travel expense under $75 per expense--except for lodging.
Example: If Tim pays $6 for drinks an the plane, $6.95 for breakfast, $12.00 for lunch, $50 for dinner, he does not need receipts for anything since each item was under $75.
Tip: He would, however, need to document these items in your diary. A good tax diary is essential in order to audit-proof your records. Adequate documentation shall consist of amount, date, place and business reason for the expense.
Example: If, however, Tim stays in the Bates Motel and spends $22 on lodging, will he need a receipt? The answer is yes. You need receipts for all paid lodging.
Tip: Not only are your on-the-road expenses deductible from your trip, but also all laundry, shoe shines, manicures, and dry-cleaning costs for clothes worn on the trip. Thus, your first dry cleaning bill that you incur when you get home will be fully deductible. Make sure that you keep the dry cleaning receipt and have your clothing dry cleaned within a day or two of getting home.4. Sandwich weekends between business days.
If you have a business day on Friday and another one on Monday, you can deduct all on-the-road expenses during the weekend.
Example: Tim makes business appointments in Florida on Friday and one on the following Monday. Even though he has no business on Saturday and Sunday, he may deduct on-the-road business expenses incurred during the weekend.5. Make the majority of your trip days business days.
The IRS says that you can deduct transportation expenses if business is the primary purpose of the trip. A majority of days in the trip must be for business activities, otherwise, you cannot make any transportation deductions.
Example: Tim spends six days in San Diego. He leaves early on Thursday morning. He had a seminar on Friday and meets with distributors on Monday and flies home on Tuesday, taking the last flight of the day home after playing a complete round of golf. How many days are considered business days?All of them. Thursday is a business day, since it includes traveling - even if the rest of the day is spent at the beach. Friday is a business day because he had a seminar. Monday is a business day because he met with prospects and distributors in pre-arranged appointments. Saturday and Sunday are sandwiched between business days, so they count, and Tuesday is a travel day.
Since Tim accrued six business days, he could spend another five days having fun and still deduct all his transportation to San Diego. The reason is that the majority of the days were business days (six out of eleven). However, he can only deduct six days worth of lodging, dry cleaning, shoe shines, and tips. The important point is that Tim would be spending money on lodging, airfare, and food, but now most of his expenses will become deductible.
Consult us before you plan your next trip. We'll show you the right way to legally deduct your vacation when you combine it with business. Bon Voyage!
9 Kasım 2012 Cuma
Dr. Oz's Diet Advice
To contact us Click HERE
I was really bored yesterday, August 6, 2012. Flipping through the channels, I came upon the Dr. Oz show, and I wondered what woo he was pushing today. Sure enough, he begins the show with metabolism boosters.
I immediately began to wonder whether a person can really boost their metabolism by simply drinking tomato juice spiked with a little Tabasco sauce and lime juice, but then he said this.
"And while wine snobs may not approve, adding ice chips to your red wine forces your body to burn calories, as it has to use its own energy to warm the liquid to body temperature."
Let's see what science has to say about this.
One learns in both physics and chemistry courses that to raise the temperature of any substance it takes an amount of energy equal to Q = mcdT where m is the mass of the substance, dT is the final temperature minus the initial temperature, and c is called the specific heat. The specific heat takes into account all the complicated physics and chemistry of how energy is distributed among the atoms and molecules.
I went to my freezer and looked at a ice cube - technically it's not a cube, it's a rectangular solid, but I'm being pedantic. I don't have a kitchen scale, so I'll determine its mass by measuring its dimensions. My cube is 5 cm by 3 cm by 3.5 cm or about 53 cm3. The density of ice is 0.998 grams per cubic centimeter, so I can calculate its mass by multiplying the density by the volume. Therefore, my ice cube's mass is 53 grams.
The ice will melt and cool the wine as cold as 0ºC. After you drink the wine, your body will warm the liquid to body temperature, about 37ºC.
The specific heat of water is 1 calorie per gram per Celsius degree. So your body will use
So your body has to expend almost 2 Calories to warm the cold wine. I think you can burn 2 Calories by breathing for a whole minute.
UPDATE: Oops! I made a mistake here. Your body has to warm all the liquid, not just the melted ice. If you have a standard serving of wine, 6 oz., then your body expends 8.5 Calories.
You can do a little better by eating the ice, since your body has to melt the ice, too. I''ll spare you the details, but that takes a whopping 4 10 Calories! Assuming you drink the wine, too.
Even if you live a sedentary lifestyle, you will burn at least 1200 Calories every day by just existing. This is your metabolic activity. If you are active, your metabolic activity can be as high as 3000 Calories.
If you want a little dieting advice, I share with you the only diet proven to work.
The Thermodynamic Diet
The 1st law of thermodynamics states that one cannot create nor destroy energy. All that can be done is to convert energy from one form to another. Your body converts chemical energy in the food to kinetic energy (energy of motion) and thermal energy (you may call that heat, but that's technically incorrect). Any energy not converted into these two forms may be converted into another form of chemical energy; that is, weight gain.
So the thermodynamic diet is burn more calories than you ingest.
I was really bored yesterday, August 6, 2012. Flipping through the channels, I came upon the Dr. Oz show, and I wondered what woo he was pushing today. Sure enough, he begins the show with metabolism boosters.
I immediately began to wonder whether a person can really boost their metabolism by simply drinking tomato juice spiked with a little Tabasco sauce and lime juice, but then he said this.
"And while wine snobs may not approve, adding ice chips to your red wine forces your body to burn calories, as it has to use its own energy to warm the liquid to body temperature."Let's see what science has to say about this.
One learns in both physics and chemistry courses that to raise the temperature of any substance it takes an amount of energy equal to Q = mcdT where m is the mass of the substance, dT is the final temperature minus the initial temperature, and c is called the specific heat. The specific heat takes into account all the complicated physics and chemistry of how energy is distributed among the atoms and molecules.
I went to my freezer and looked at a ice cube - technically it's not a cube, it's a rectangular solid, but I'm being pedantic. I don't have a kitchen scale, so I'll determine its mass by measuring its dimensions. My cube is 5 cm by 3 cm by 3.5 cm or about 53 cm3. The density of ice is 0.998 grams per cubic centimeter, so I can calculate its mass by multiplying the density by the volume. Therefore, my ice cube's mass is 53 grams.
The ice will melt and cool the wine as cold as 0ºC. After you drink the wine, your body will warm the liquid to body temperature, about 37ºC.
The specific heat of water is 1 calorie per gram per Celsius degree. So your body will use
Q = (53 g)(1 cal/(g ºC))(37ºC–0ºC) = 1961 calories.But I have to correct something here. A food calorie is different from a calorie. A food calorie, also called the Calorie (notice the capital C), is equal to 1000 calories.
So your body has to expend almost 2 Calories to warm the cold wine. I think you can burn 2 Calories by breathing for a whole minute.
UPDATE: Oops! I made a mistake here. Your body has to warm all the liquid, not just the melted ice. If you have a standard serving of wine, 6 oz., then your body expends 8.5 Calories.
You can do a little better by eating the ice, since your body has to melt the ice, too. I''ll spare you the details, but that takes a whopping
Even if you live a sedentary lifestyle, you will burn at least 1200 Calories every day by just existing. This is your metabolic activity. If you are active, your metabolic activity can be as high as 3000 Calories.
If you want a little dieting advice, I share with you the only diet proven to work.
The Thermodynamic Diet
The 1st law of thermodynamics states that one cannot create nor destroy energy. All that can be done is to convert energy from one form to another. Your body converts chemical energy in the food to kinetic energy (energy of motion) and thermal energy (you may call that heat, but that's technically incorrect). Any energy not converted into these two forms may be converted into another form of chemical energy; that is, weight gain.
So the thermodynamic diet is burn more calories than you ingest.
I'm Being Sued?
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Almost a month ago, I wrote about how I had been banned by a couple of Facebook usersFaceBookers, The Question Evolution Project and True Dinos. In the post I invited both of them to respond. It took them three weeks, but Cowboy Bob Sorensen did on this blog,
and Aaron Tullock did on his True Dinos Facebook FB page.
I'm a physicist, not a lawyer, but I'm pretty sure I didn't post anything illegally. Both of the Facebook pages are public, as are their web pages. I believe that the Fair Use Doctrine may apply.
As to the defamation charge, Aaron needs to know the difference between slander and libel. Notwithstanding the vocabulary, I think libel is " to publish in print (including pictures), writing or broadcast through radio, television or film, an untruth about another which will do harm to that person or his/her reputation, by tending to bring the target into ridicule, hatred, scorn or contempt of others." [dictionary.law.com] If Aaron can point out the untruth, I will gladly retract.
By the way, Cowboy Bob and Aaron, calling you out for your scientific nonsense is not ridiculing you for spreading your gospel. I'm ridiculing you for believing in creationist gibberish.
Lastly, I will take this opportunity to once again invite them to address the issue that led them to ban me.
Both Cowboy Bob and Aaron are biblical literalists. The bible literally says the Sun orbits the Earth. [A historical point here. Galileo was tried and convicted by the Catholic Church in 1633 for promoting the heliocentric model for which Pope John Paul II apologized in 1992.] Do they adhere to the biblical view or is their bible wrong on this matter? To make matters easy on them I will once again provide a link to true biblical literalists that know what the bible says on this. Galileo Was Wrong; The Church Was Right.
They are invited to comment here using whatever language they deem appropriate. I ask that they do not do so anonymously. They will not be banned.
I wonder if they will extend to me the same courtesy?
Almost a month ago, I wrote about how I had been banned by a couple of Facebook users
and Aaron Tullock did on his True Dinos Facebook I'm a physicist, not a lawyer, but I'm pretty sure I didn't post anything illegally. Both of the Facebook pages are public, as are their web pages. I believe that the Fair Use Doctrine may apply.As to the defamation charge, Aaron needs to know the difference between slander and libel. Notwithstanding the vocabulary, I think libel is " to publish in print (including pictures), writing or broadcast through radio, television or film, an untruth about another which will do harm to that person or his/her reputation, by tending to bring the target into ridicule, hatred, scorn or contempt of others." [dictionary.law.com] If Aaron can point out the untruth, I will gladly retract.
By the way, Cowboy Bob and Aaron, calling you out for your scientific nonsense is not ridiculing you for spreading your gospel. I'm ridiculing you for believing in creationist gibberish.
Lastly, I will take this opportunity to once again invite them to address the issue that led them to ban me.
Both Cowboy Bob and Aaron are biblical literalists. The bible literally says the Sun orbits the Earth. [A historical point here. Galileo was tried and convicted by the Catholic Church in 1633 for promoting the heliocentric model for which Pope John Paul II apologized in 1992.] Do they adhere to the biblical view or is their bible wrong on this matter? To make matters easy on them I will once again provide a link to true biblical literalists that know what the bible says on this. Galileo Was Wrong; The Church Was Right.
They are invited to comment here using whatever language they deem appropriate. I ask that they do not do so anonymously. They will not be banned.
I wonder if they will extend to me the same courtesy?
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