Texas Secession, and the Future of our Nation….

 

 

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Conservative Island Evening News… November 30, 2012

Good evening, Mr. and Mrs. America from border to border and coast to coast and all the ships at sea.

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Why should you use a payroll company for your small business?


Paychex Payroll Services: Sign up Today!

Payroll providers are seen by some small business people as a cost or overhead.  In order to understand the true value of a payroll provider, you’ve got to look at it from the aspect of what a payroll provider offers you in terms of services, and what your time is worth.  I calculated what my time is worth the other day, and it’s well north of $100/hour.  If my time is worth $100 an hour, why would I want to do a $10 and hour job of writing out checks, managing my books, and running my small business 401k?  When you put it into those terms, it sounds absolutely ludicrous that so many small business people waste time on such mundane tasks these days.

Whether you are a small business with employees, or simply a 1099 consultant that takes income as a small business, or through an s-corporation — A payroll provider is a service that you should definitely consider.  A company like Paychex can manage your employees checks, deduct taxes, manage their benefits, and even coordinate a 401k for them if you so choose.  It’s a good value that should be completely tax deductible to you, so if you are in a higher tax bracket — you’ll recover much of the cost on tax savings anyway!

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Conservative Island Evening News… November 29, 2012

Good evening, Mr. and Mrs. America from border to border and coast to coast and all the ships at sea.

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Will the Government Raid 401k Plans Next?

Stunning assertions are coming to light from a Time magazine article that suggests that the Democrats may decide to come after your 401k next in the name of “fairness”.  In a previous article, we wrote about how the home mortgage deduction may be taken away in the name of “fairness”, and new information tells us that the elite in Washington are now considering doing the same thing with 401k tax deductions.  This is in addition to other rumors that have come out about a proposed “Wealth Tax”.

401k deductions are set at $17,500 for 2013, which means if you make $100k, and you deposit the max allowed into your 401k — You can essentially lower your taxable income to $82500.  This is a big deal, and something that most high-income earners do to avoid high taxes on their W2 income.

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