The Adventures of the Amazing R and Taxguy-Clueless American!

The holiday season is here once again and two very hard working super heroes are busy with the task at hand. As another year comes to a close, our financial super heroes are engaged with tax planning for their clients.

Tax guy: my goodness Amazing, I am grateful for the opportunity to serve those Americans that are up to speed with their financial matters.

AR: Right you are Tax Guy. It is indeed a privilege. My hope is that more and more people, not just in America, become more involved in financial, business, and tax matters.

Just then, the phone rings. JC Minyon (Tax guy) answers the phone. It is Innocent Spouse and she is quite excited (as women are apt to get). She is frantic that her husband, Clueless American, is making a big financial mistake. Clueless owns a small business that he started at the beginning of the year. He has done zero financial and tax planning and Innocent Spouse is afraid of what consequences might face them.

Innocent Spouse: Oh help us mighty Tax guy! I am afraid that our financial and tax situation will be out of control!

Tax guy: Fear not dear lady. Do try to calm yourself as the Amazing R and I are on the way to look over your situation.

Tax guy changes into his blue uniform, red cape, with a white TG posted upon his chest, He flies to the rescue of our financially distressed couple. The Amazing R is clad dapperly (as always) in his black tuxedo with red bowtie and cumber bun. The Amazing R takes to his stretch limousine driven by Bob.

Tax guy: (crashing through the window) I am here Innocent Spouse, Where is Clueless American?

Innocent Spouse: He is looking for his numbers oh great financial warrior.

AR: (cool and collected entering calmly through the front door) Fear not dear lady, we will be able to provide you with practical advice you can put in motion immediately.

Clueless American: Oh great financial heroes! I am grateful for your attention to our situation. Innocent Spouse does get quite excited over many situations.

AR: (in a chastising tone) I am sure this is true inattentive citizen. In this case however, she is right to raise concern. It is the duty of every American Citizen to understand at least the basics regarding financial matters. It is each American’s duty to ask questions when they are in need of help.

Tax guy: Well said Amazing. You are indeed a leader for all (Begins looking through the information that Clueless American has turned over).

Innocent Spouse: Oh thank you Amazing Ron. I will forever be in your debt.

AR: (to Tax guy) what have you found oh loyal side kick and knower of all tax laws?

Tax guy: Clueless American’s business has netted $30,000 in profit for the year. He has not made any estimated tax payments He will owe both income tax and self-employment tax on this number unless… unless he purchases equipment before the year end.

AR: (to Clueless American) how about this then? Is there a need for purchasing equipment?

Clueless American: Yes, I do in fact need some equipment and have already secured financing to make the purchase. The equipment will cost $35,000. Should I purchase it this year? I am expecting larger profits next year and will be in more need of deductions.

Tax guy: Based on the circumstances, it does make sense to put the equipment in service during the current year. Under Internal Revenue Code 179, a taxpayer can expense up to $250,000 of fixed assets placed in service during 2008 (returning to $125,000 after 2008). The 179 expense deduction can not be taken if there is a loss and it can not create a loss.

AR: (to Innocent Spouse) to you have income dear lady?

Innocent Spouse: Yes, I have W-2 wages from my employer.

Tax guy: Excellent question Amazing R! We can then take 179 against the $30,000 in profit from Clueless American’s business, and can use Innocent Spouse’s income thus allowing us to take the entire equipment purchase into expense.

AR: That’s right Tax guy. Not only will we eliminate the exposure to income tax from the business activity of Clueless, but we will eliminate the exposure to self-employment tax and even create an additional deduction against Innocent Spouse’s income. For the following year, when income is expected to be higher, Clueless American can implement a retirement plan best suited to meet the needs of his business. This will require keeping a watchful eye on the business and making plans through out the year.

Tax guy: We will not be able to eliminate all of the income for state purposes as Clueless’ state decouples from the federal provisions for 179 expensing. The difference will be immaterial and Clueless could make an estimated tax payment to the state by year end, in order to get a federal deduction. This is true because Clueless American and Innocent Spouse are not in the alternative minimum tax.

AR: That’s right Tax guy. I am glad you are on my team.

Innocent Spouse: Thank you both for the excellent advice. You really saved us this time!

Clueless American: I will never ignore my financial situation again. I will do what ever I can to educate myself and I will indeed stay informed regarding my business’ activities.

Tax guy hugs Innocent Souse and Clueless American. He then flies back through the broken window reminding the couple they might be eligible to claim the broken window as a casualty and theft loss on their itemized deductions form.

Amazing R bows gracefully from the waste and exits gracefully to the front door and into his stretch limo.

AR: (to Bob) another Clueless American is saved from a financial plight. Let us away to the office to ready ourselves for the next battle.

iPhone Application Development for Increasing Business Revenue

iPhone is among the most popular Smartphone brands available in the market today. The number of iPhone users is steadily increasing, opening huge opportunities for businesses. Amazing features, sleek looks, stylish handset, and loaded with multimedia apps, iPhone devices are considered as the best marketing device for businesses (small, mid size, and big).

This wireless mode allows accessing the internet through mobile devices. Today, you can also access iPhone compatible websites. Since, the iPhone display is small as compared to desktop PC or laptop. Therefore, to make website equally attractive and properly accessible on your handset, developers began creating mobile compatible websites.

iPhone apps facilitate a wide range of human needs (both personal and business). Some of the eminent apps include entertainment, travel, education, finance, life sciences, automobiles, etc. Business apps are in trend these days to help companies reach their target customers uniquely.

If you have an idea for an iPhone application development, introduce it to the world. However, make sure the similar idea does not exist in the market. If a similar product exists in the market, make necessary changes to differentiate your product from others.

iPhone application development needs a professional developer who can mould your ideas into a physical product. Hire an experienced app developer who has expertise in using certain technologies for quality development. Don’t trust the word of mouth recommendations and references. Instead, cross check those testimonials and importantly take a practical test to judge his/her knowledge.

Also, do proper documentation of every app development the developer does. Uniqueness is most important for iPhone apps. If your iPhone app isn’t unique and engaging, the purpose of its development will not be fulfilled.

iPhone Application Development Company:

Hiring an independent developer can be risky and costly. Therefore, it is better to opt for a development company. A recognized application development company provides a cost-effective and timely solution. They maintain transparency and professionalism in every process, ultimately to make it a successful development.

iPhone applications used by companies to market their product and services. Companies generally prefer customized apps that are tailored to meet your specific needs and requirements.

Custom-made iPhone apps are easy to handle and gives 100% usage satisfaction. A professional helps you in every process from idea conceptualization, design, development, testing, to deployment. Many companies also help in app marketing, making your development a success. Popularity of your app is directly proportional to the popularity of your brand.

New Book Offers Amazing Advice on Building an Amazing Career

From the first page of “Building an Amazing Career,” I was hooked because I fully knew where author Jodene Hager was coming from when she began with her optimistic words:

In school, the future was looking so bright. The doors would swing open, the clients would come running, and I would finally reach a stage of having enough in my life. My teachers had said something about how important networking was, but I didn’t quite get what that really meant. I couldn’t wait to graduate and get my license to practice.

As I read on, I realized that I felt a lot like Jodene. Although she is a massage therapist and I’m a writer, editor, and book reviewer, I started out as an English major thinking a job would just be available to me, and as great as my education was in terms of teaching me about writing and literature, it did not prepare me for the job market or even knowing what to do with my degree. After years of teaching, and ups and downs in the job market, including jobs that had nothing to do with my degree, I eventually became self-employed and found myself using my degree to do what I was most talented and qualified to do. Like Jodene, I felt in some ways that my education had failed me in terms of how to build a career or business and things would have been easier if someone had just taken the time to talk to me or visit my class and share information. Similarly, and early in her career, Jodene realized there needed to be support groups for healthcare professionals, so she promised herself that once she had the experience she needed, she would build them.

My point is that, no matter whether you’re in healthcare or not, this book is full of information that will benefit you in building an amazing career and Jodene’s personal stories will resonate with you while giving you tips to improve your situation. In fact, I’m sure it’s no accident that “Building an Amazing Career” wasn’t titled “Building an Amazing Massage Therapist Career” because its information is largely applicable to every career. Just one vital across-all-professions point Jodene makes is about the importance of networking with people outside of your profession. Reading this book really made me understand what it takes to be a chiropractor or massage therapist, and I can only benefit from that understanding and apply her advice-about networking, building a business, hiring and firing employees, or being self-employed-to my own situation as a self-employed writer who continually contracts and networks with others in the publishing world.

If Jodene had chosen another name for this book, it might have been “Everything They Failed to Teach You in School about Having a Career.” Whether it’s about interviewing for a job or interviewing employees, learning how to network with others in your field or other professions (Jodene knows “networking” can seem scary, but also that it’s vital for success), giving back to the community or profession through creating fundraisers, talking to students who plan to make your current profession their future one, or sharing both horror stories and funny anecdotes about what actually happens day-to-day in the healthcare world, Jodene has excellent advice that can be applied to almost every business and employee situation. I wouldn’t be surprised if “Building an Amazing Career” became required reading for nurses, doctors, chiropractors, massage therapists, and even all businesspeople. The book encompasses essential information for everyone in business-and we’re all in business-whether as an employee, employer, or a self-employed individual.

A lot of what Jodene advocates may surprise you, such as why you should not advertise, why you need to educate your patients about your work, and Jodene’s request that if she left anything out of the book, you contact her to share stories for future editions of this book and others. I was struck throughout by her honesty and her enthusiasm for her work and her earnest efforts to help her fellow health care practitioners.

Networking examples may be the strongest part of this powerful book, and Jodene has proven herself a fantastic networker as evidenced by all her stories and all the people (health care professionals and patients) who enthusiastically gave her endorsements. From the time she made hundreds of dollars a week in her pet sitting business, starting at age twelve, to the day she found the courage to write a book and share what she has learned, she has obviously been a go-getter, a bundle of positive energy, and a fountain of information to all those who know her. She has also clearly accomplished what she promised early in her career to do-build support groups for health care practitioners. Jodene has gone from being a successful businesswoman herself to someone who assists and even creates organizations, networks with and brings together her fellow professionals, educates students, and still manages to find time to do what she loves-massage therapy-despite experiencing injuries.

I don’t think anyone who plans to go into massage therapy or business in general could have a better friend or mentor than Jodene Hager, and I can’t imagine any readers will come away from “Building an Amazing Career” without thinking they got a real steal for just the price of a book considering all the information inside it. Kudos, Jodene! Keep inspiring!