new york state estate tax articles and resources for business owners, farmers, ranchers, and executives

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Top 7 Small Business Tax Tips
By Stephen Pope
Here are seven ways for owners of small businesses to save money on their taxes.

1. Incorporate Yourself: If you`re still a proprietor or partner of a business, it`s time to incorporate yourself. Not only will you limit your liability, but you may enjoy lower tax rates on small business income and other tax advantages as well.

2. Be Home Based: If possible, continue (or switch to) being a home based business. Not only will you keep your overhead down, but you will be able to write-off (or deduct) the business use of your home.

3. Income Split: Pay reasonable wages to your spouse and children. In this way, you can legally divert income taxed at your higher rate to

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your family members that are in a lower tax bracket.

4. Rearrange Your Affairs For Maximum Tax Savings: Can you make some changes to turn your hobby into a moneymaking business? Can you use that extra room in your house as a home office for your business? Can you arrange to use your car more for business purposes? Can you arrange for more of your entertainment expenses to be business related?

5. Document Your Expenses Well: Do you document your expenses well so that they would survive a tax audit? Have you kept a mileage log so that you can prove the percentage business use you claim for your vehicle? Have you kept receipts for all your entertainment expenses and listed the business purpose on the back of each receipt?

6. Be Punctual: File all returns and pay all taxes due (income, payroll, sales, et cetera) on time. This way, you avoid expensive late filing (and payment) penalties and interest.

7. Develop a Tax Planning Mindset: Some people only worry about their taxes during tax season. However, you will save a fortune in taxes, legally, if you make tax planning your year-round concern. Do you make business and personal purchases, investments, and other expenditures with tax savings in mind?About The Author: J. Stephen Pope, President of Pope Consulting Inc., has been helping clients to earn maximum business profits for over twenty-five years. For more information about income tax savings and other profitable Work at Home Small Business Ideas, visit http://www.yenommarketinginc.com/income-taxes.html


Here are some more estate planning articles...
Keeping Records And Paying Taxes
By Adam J. Heist
2007-01-08 It is necessary to keep adequate records to find out how your business is doing and what sort of profit you are actually Read more...
Baby-boomers--will-they-be-able-to-afford-their-parents-
By Lee-R.-Phillips
Do you worry about whether your aging parents have their "affairs inorder?" You should. After all, you’re the one who will have to payunnecessary taxes and endure time-consuming court Read more...
Taxes And Your E-commerce Business
By Brian Roe, Sat Dec 10th
Starting an online business can seem overwhelming at first.Finding the right domain name, getting reliable hosting, webdesign, and figuring out credit card transactions are full-timeconcerns. One Read more...
Real Estate Price Gains Attract New Buyers To Malta
By Michael Johnson
British and European investors looking for high growth in 2007 are hoping for a repeat of the property inflation seen in Malta when it joined the EU in 2004, and it could become reality with the news Read more...
new york state estate tax news:

Santorum slams Romney as 'Mr. Big Government' - USA TODAY
<table border="0" cellpadding="2" cellspacing="7" style="vertical-align:top;"><tr><td width="80" align="center" valign="top"><font style="font-size:85%;font-family:arial,sans-serif"><a href="http://news.google.com/news/url?sa=t&amp;fd=R&amp;usg=AFQjCNHBRiB-vWiWrxS51rVO-kOneU-YsA&amp;url=http://content.usatoday.com/communities/onpolitics/post/2012/02/rick-santorum-mitt-romney-colorado-victory-/1"><img src="//nt1.ggpht.com/news/tbn/oTO0VOlblHRoyM/6.jpg" alt="" border="1" width="80" height="80" /><br /><font size="-2">USA TODAY</font></a></font></td><td valign="top" class="j"><font style="font-size:85%;font-family:arial,sans-serif"><br /><div style="padding-top:0.8em;"><img alt="" height="1" width="1" /></div><div class="lh"><a href="http://news.google.com/news/url?sa=t&amp;fd=R&amp;usg=AFQjCNHBRiB-vWiWrxS51rVO-kOneU-YsA&amp;url=http://content.usatoday.com/communities/onpolitics/post/2012/02/rick-santorum-mitt-romney-colorado-victory-/1"><b>Santorum slams Romney as &#39;Mr. Big Government&#39;</b></a><br /><font size="-1"><b><font color="#6f6f6f">USA TODAY</font></b></font><br /><font size="-1">By Catalina Camia, USA TODAY Fresh from his three-state sweep, a confident Rick Santorum said he is prepared for an onslaught from Mitt Romney as he tries to make his case that he&#39;s the best conservative to take on President Obama.</font><br /><font size="-1"><a href="http://news.google.com/news/url?sa=t&amp;fd=R&amp;usg=AFQjCNHO9gnXuLjRkC36ClQ74i05Wfedrg&amp;url=http://www.reuters.com/article/2012/02/08/us-usa-campaign-idUSTRE80Q2AQ20120208">Santorum claims momentum with wins in three states |</a><font size="-1" color="#6f6f6f"><nobr>Reuters</nobr></font></font><br /><font size="-1"><a href="http://news.google.com/news/url?sa=t&amp;fd=R&amp;usg=AFQjCNFu7SdNKKXmiBsOUd44Bj2kHPhWsg&amp;url=http://online.wsj.com/article/SB10001424052970204369404577209531461672726.html">Santorum Delivers a GOP Stunner</a><font size="-1" color="#6f6f6f"><nobr>Wall Street Journal</nobr></font></font><br /><font size="-1"><a href="http://news.google.com/news/url?sa=t&amp;fd=R&amp;usg=AFQjCNFAuNaBPYO_eWycUL3pbljYCBYviw&amp;url=http://www.foxnews.com/politics/2012/02/08/not-romney-primary-rages-on/">&#39;Not Romney&#39; Primary Rages On</a><font size="-1" color="#6f6f6f"><nobr>Fox News</nobr></font></font><br /><font size="-1" class="p"><a href="http://news.google.com/news/url?sa=t&amp;fd=R&amp;usg=AFQjCNHJzJNOjJiGNm-6lq2zGGWSvq4hYw&amp;url=http://feeds.latimes.com/~r/latimes/news/politics/~3/XdnIEyEFn_c/la-pn-rick-santorum-caucuses-primary-20120208,0,1990296.story"><nobr>Los Angeles Times</nobr></a>&nbsp;-<a href="http://news.google.com/news/url?sa=t&amp;fd=R&amp;usg=AFQjCNE6hCW0lCywuhShqQg_Dhf9zGqKzA&amp;url=http://www.washingtonpost.com/politics/triple-victory-for-santorum-again-upends-gop-presidential-race/2012/02/08/gIQABm6oyQ_story.html"><nobr>Washington Post</nobr></a>&nbsp;-<a href="http://news.google.com/news/url?sa=t&amp;fd=R&amp;usg=AFQjCNG3bU5rEMKHr-nvagu8e506yLsymw&amp;url=http://www.csmonitor.com/USA/Elections/President/2012/0208/Rick-Santorum-rising-along-with-the-culture-war.-Coincidence-video"><nobr>Christian Science Monitor</nobr></a></font><br /><font class="p" size="-1"><a class="p" href="http://news.google.com/news/more?ncl=dZfIgKFzpXQBEsMsPOevx4Hcg1CxM&amp;ned=us&amp;topic=h"><nobr><b>all 7,843 news articles&nbsp;&raquo;</b></nobr></a></font></div></font></td></tr></table>Social worker's 911 calls released in Powell murder-suicide - msnbc.com
<table border="0" cellpadding="2" cellspacing="7" style="vertical-align:top;"><tr><td width="80" align="center" valign="top"><font style="font-size:85%;font-family:arial,sans-serif"><a href="http://news.google.com/news/url?sa=t&amp;fd=R&amp;usg=AFQjCNHyS9-uJBkoYHpPXnVPbQgtVfjmaw&amp;url=http://abcnews.go.com/US/josh-powell-house-explosion-911-calls-released/story?id%3D15535154"><img src="//nt0.ggpht.com/news/tbn/0II-muYZSJ5AHM/6.jpg" alt="" border="1" width="80" height="80" /><br /><font size="-2">ABC News</font></a></font></td><td valign="top" class="j"><font style="font-size:85%;font-family:arial,sans-serif"><br /><div style="padding-top:0.8em;"><img alt="" height="1" width="1" /></div><div class="lh"><a href="http://news.google.com/news/url?sa=t&amp;fd=R&amp;usg=AFQjCNFA3usLYbvhjky40I6eVtrA-Qy6Jw&amp;url=http://usnews.msnbc.msn.com/_news/2012/02/08/10348927-frantic-911-calls-of-social-worker-at-powell-murder-suicide"><b>Social worker&#39;s 911 calls released in Powell murder-suicide</b></a><br /><font size="-1"><b><font color="#6f6f6f">msnbc.com</font></b></font><br /><font size="-1">First in breaking news and analysis: Msnbc.com reporters and NBC correspondents bring you compelling stories from across the nation. Police in Washington state released a 911 call placed by the social worker who dropped Josh Powell&#39;s two young sons off <b>...</b></font><br /><font size="-1"><a href="http://news.google.com/news/url?sa=t&amp;fd=R&amp;usg=AFQjCNEfUhcq_4Okqsw_rJMxWdvWWu3Ggg&amp;url=http://www.cbsnews.com/8301-201_162-57373174/josh-powells-family-he-didnt-cause-tragedy/">Josh Powell&#39;s family: He didn&#39;t cause &quot;tragedy&quot;</a><font size="-1" color="#6f6f6f"><nobr>CBS News</nobr></font></font><br /><font size="-1"><a href="http://news.google.com/news/url?sa=t&amp;fd=R&amp;usg=AFQjCNFsC3aYWsPXlTeG68yXRprx6harew&amp;url=http://www.google.com/hostednews/ap/article/ALeqM5hKaG0GKtnqo5CXNdFKkUkiMNJz2g?docId%3D615bae3d7b834c948f6a5a2d8e574db6">In 911 call, worker fears for Josh Powell&#39;s sons</a><link rel="syndication-source" href="www.ap.org/615bae3d7b834c948f6a5a2d8e574db6" /><font size="-1" color="#6f6f6f"><nobr>The Associated Press</nobr></font></font><br /><font size="-1"><a href="http://news.google.com/news/url?sa=t&amp;fd=R&amp;usg=AFQjCNHyS9-uJBkoYHpPXnVPbQgtVfjmaw&amp;url=http://abcnews.go.com/US/josh-powell-house-explosion-911-calls-released/story?id%3D15535154">Josh Powell Tragedy: CPS Worker Pleaded for Cops to Come Before House Blew Up</a><font size="-1" color="#6f6f6f"><nobr>ABC News</nobr></font></font><br /><font size="-1" class="p"><a href="http://news.google.com/news/url?sa=t&amp;fd=R&amp;usg=AFQjCNGPpAH9Ufh21yOuaBdFQC8YgswL5g&amp;url=http://www.palmbeachpost.com/news/nation/worker-tells-911-powell-exploded-the-house-2158266.html"><nobr>Palm Beach Post</nobr></a>&nbsp;-<a href="http://news.google.com/news/url?sa=t&amp;fd=R&amp;usg=AFQjCNE6Vx5y4ZvsERetfnvnOQXi5B7nWQ&amp;url=http://www.nydailynews.com/news/national/josh-powell-murder-suicide-police-release-social-worker-911-calls-article-1.1019117?localLinksEnabled%3Dfalse"><nobr>New York Daily News</nobr></a>&nbsp;-<a href="http://news.google.com/news/url?sa=t&amp;fd=R&amp;usg=AFQjCNH4ubVOr6nxcYnxGE4QWVccRi6VZQ&amp;url=http://www.sltrib.com/sltrib/entertainment/53465945-78/powell-downing-steve-ely.html.csp"><nobr>Salt Lake Tribune</nobr></a></font><br /><font class="p" size="-1"><a class="p" href="http://news.google.com/news/more?ncl=dFYAMv2xtFAxh3Mynj27yMRMxosHM&amp;ned=us&amp;topic=h"><nobr><b>all 1,018 news articles&nbsp;&raquo;</b></nobr></a></font></div></font></td></tr></table>

Wall Street edges up on Greece, Disney earnings (Reuters)
<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20120208/bs_nm/us_markets_stocks"><img src="http://d.yimg.com/a/p/rids/20120208/i/r326324562.jpg?x=130&y=97&q=85&sig=4LLXgOqRMhPHVv1PJfxSEA--" align="left" height="97" width="130" alt="A Wall St. sign is seen outside the New York Stock Exchange, February 6, 2012. REUTERS/Brendan McDermid" border="0" /></a>Reuters - Stocks edged higher on Wednesday as hopeful investors awaited the latest attempt by Greece to reach a deal on reforms in exchange for a new bailout.</p><br clear="all"/>Sprint loss widens on iPhone costs (Reuters)
Reuters - Sprint Nextel posted a bigger loss, reflecting the higher costs of selling Apple Inc's iPhone. But the loss was smaller than expected because its signed up fewer subscribers than expected.Time Warner beats forecasts, shares up (Reuters)
Reuters - Time Warner Inc posted better-than-expected quarterly profit on Wednesday helped by its cable networks and the last installment of its Harry Potter movie franchise.Frustration mounts as Greeks seek elusive bailout deal (Reuters)
Reuters - Greek party leaders finally gathered on Wednesday to agree a reform deal in return for a new EU/IMF rescue to avoid a chaotic default, after repeated delays which have prompted warnings that the euro can live without Athens.Optimism springs eternal in Cisco shares ahead of results (Reuters)
Reuters - Cisco's earnings have had a way of crushing the dreams of optimists in the last two years.Stock gains turn hedge fund losers into winners (Reuters)
Reuters - Last year's hedge fund losers may be turning into winners again.Report: Silicon Valley sees growth in jobs, wealth (AP)
AP - Silicon Valley is creating jobs and wealth for highly skilled workers but may be leaving some residents behind as employment closes in on pre-Great Recession levels, according to a report released Tuesday.Summary Box: Sprint's fourth-quarter report (AP)
AP - IPHONE IMPACT: Sprint started selling the iPhone in October, joining Verizon and AT&T. It's an expensive project for a company already losing money.Greek party leaders arrive for crucial debt talks (AP)
AP - Greek coalition leaders have arrived for crucial debt talks with the country's prime minister to review a draft deal on steep cutbacks demanded by creditors in return for a euro130 billion ($170 billion) bailout.

The process of planning for the orderly administration and disposition of assets after the owner dies.