Saving Money on Overhead [Cartoon]


“We save a lot of money on overhead and taxes by having our office out here in this boat. If anyone needs to throw up, do it now.”

Other recent stories

10 Income Tax Facts You Didn’t Know

Image Source Yes it’s that dreaded time of year again, worse still if you’re a business owner or self employed. So why not at least pepper the mood with a few absurdities from the past, some interesting history lessons, and some facts about… Read more

Apple: Playing It Smart or Evading Taxes?

Apple’s skilled accounting team may have saved the company billions of dollars in taxes by hiding $44 billion of its enormous profits between 2009 and 2012, according to a new report by Senate investigators, following a probe backed by Sen. John… Read more

10 Awesome Reasons to Live Off the Grid

Want to feel like a real frontiersman? Are you tired of being oppressed by “The Man”? Do you not even know who “The Man” is referring to? Then you gotta live off the grid! It’s like being a pioneer, only with the Internet and packets of… Read more

How Corporations Get Out of Paying Taxes

There’s been a lot of media-driven furor this year around the issue of humongous corporations weaseling their way out of paying taxes, with GE taking a brunt of the public assault. While with each passing month we hear of some new offender, one… Read more

Round 1, Fight! Versus State Taxes

Share Since the recession began, politicians of both parties have spoken about the importance of economic growth. President Obama’s stimulus bill, for example, was said to be conducive to job creation and business expansion. But while… Read more

The Unquenchable Thirst: Taxing America’s Oil Addiction

Share In the U.S., our dependence on oil not only makes for wealthy oil companies, it also supports our federal, state and local governments. Gas taxes add up quickly and some areas of the country are taxed more heavily than others. However,… Read more

Tax Tip of the Week: 3 Different Ways to File an Extension – NOW!

Happy April 15th! If you haven’t yet filed your taxes, there are several ways to file for an automatic 6-month extension. Don’t be late! Send in Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax… Read more

Tax Tip of the Week: Avoid Common Errors

The countdown is on! If you haven’t yet file your 2008 tax return (or an extension), now’s the time to get busy. If you make a mistake in your rush to beat April 15th, the processing of your return could be delayed, which means you won’t recieve… Read more

Tax Tip of the Week: Consider the Home Office Deduction

A lot more of us are working from home these days, but does that mean you can (or should) take advantage of the home office deduction? Maybe. Read on to find out. The Threshold to Claim the Home Office Deduction is High You in fact may do… Read more

Tax Tip of the Week: 5 Ways to Avoid IRS Penalties

If you’re like me you’re just now starting to feel the pressure from the taxman looming overhead. My documents are due to the accountants today. So far I’ve gotten to the pulled-the-folder-out-of-the-cabinet stage. I look forward to a taxing… Read more

Tax Tip of the Week: Understanding Retirement Distributions

Did you tap into your 401(k) or IRA in 2008? Naughty, naughty taxpayer. If you took an early distribution from your retirement plan, you should know you’ll probably be punished. Early Distributions From Retirement Accounts Are Hit With 10%… Read more

Tax Tip of the Week: Shift Income to Your Kids

What do wealthy parents know that you don’t? For starters, they’re well aware that children’s investment income is often taxed at a much lower rate than their parents’. This can include interest, dividends, capital gains and other unearned… Read more

Tax Tip of the Week: Understand Your Education Benefits

Isn’t it great when your employer subsidizes your higher education? Education is a wonderful benefit if you can get it and turning in that reimbursement form may feel great, but many employees are surprised when they find at the end of the year… Read more

How to Avoid a Tax Audit

Michael Rozbruch is a leading expert on resolving individual and small business problems with the IRS. He says tax audits are on the rise and worse – as a small-business owner, you are among the largest source of uncollected taxes. That makes… Read more