Save more of your hard won small business/real estate business earnings.

Released on = June 28, 2005, 2:02 pm

Press Release Author = William J. Murphy/TaxArrest.com

Industry = Small Business

Press Release Summary = TaxArrest.com is on a crusade to help small business and
real estate business owners reduce their tax burden. Owners Bill Murphy and Julie
Halling believe that paying more in taxes than you are legally obliged to pay is
unprincipled.

Press Release Body = “Small businesses exist for the benefit of their customers,
their owners, and the owners families.” Murphy said. “Paying more in taxes than is
legally owed puts an undue burden on one or more of these three entities.”
Fortunately, help for Murphy and Halling, in the area of gaining a working knowledge
of small business and real estate taxes, came from Sandy Botkin C.P.A., Esq., a
former lead attorney and agent trainer for the IRS.

According to Halling, spending just a little time getting familiarized with the tax
deductions available to small business owners and real estate investors can be the
difference between a business that thrives and one that struggles or fails.
“There’s no trickery or dishonesty involved in taking a protective tax planning
posture,” Halling said. “There are hundreds of good tax laws, enacted by Congress
and recognized by the IRS, that have been written specifically for the purpose of
growing small businesses.”

If all this seems too good to be true, consider the fact that small businesses
currently generate more than 70 percent of the new jobs in the U.S.A. New jobs are
the backbone of economic growth in our country. Members of Congress not only have
robust economic growth as a prime directive, they also face re-election every
two-to-six years by small business job-creators and their new employees.
Consequently, it is easy to understand Congressional desire to reward small business
creation. These “rewards” come in the form of good tax laws (i.e., plenty of tax
deductions) for small businesses and real estate owners.

Murphy and Halling outline 3 simple steps to reducing your small business or real
estate business taxes:

1. Get familiar with the various tax deductions that are available to you. You
don’t need to become a tax accountant or memorize the tax code to do this. What you
need is a practical awareness that will allow you to put together a sound tax plan.
A sensible tax plan should be equal in importance to a reasoned business plan.

2. Keep accurate, complete, and permanent records of your daily business tax
deductions. Why should anyone go through so much trouble? Because this is exactly
what the IRS says you need to provide to them in case of an audit. Without
accurate, complete, and permanent records, your deductions will be disallowed and
you will owe back taxes plus a hefty fine.

3. Find a tax accountant that shares your tax planning and tax reduction goals. By
becoming familiar with the small business or real estate tax deductions that pertain
to you and your business, you will easily be able to tell if your accountant is in
sync with your objectives. It will also help you develop a partnership with your
accountant that is mutually beneficial: you derive maximum benefit from the tax code
and your accountant gets complete and concise information from you that will
streamline your return preparation (which can, in turn, cost you less).

The products that Sandy Botkin has developed are distributed via Murphy & Halling’s
TaxArrest.com website (www.taxarrest.com). They include two separate audio courses,
developed and recorded by Botkin, that instruct and entertain the listener
regarding pertinent and useful tax information: one course is vital to small
business ownership and the other to real estate investment. Any-and-all “gray-area”
or “red-flag” portions of the tax code have been carefully avoided so as to maximize
tax audit protection. In addition, Mr. Botkin has developed an indispensable tax
diary system that provides a visual, daily prompt for all legal tax deductions that
require daily documentation. This tax diary system also functions as a day-timer.
Lastly, Mr. Botkin has teamed up with SOHO to develop a tax reduction accounting
software that dovetails daily business financial management with vital tax reduction
strategies.

“These products have been such a tremendous financial help to us and our small
businesses,” says Halling, “that we are both proud and excited about representing
and distributing them to our fellow small business and real estate owners.” Adds
Murphy, “Our biggest hurdle is the perception by many that ‘my accountant takes care
of my taxes’.” Murphy and Halling both agree that this is like saying ‘my dentist
takes care of my teeth’! Tax planning, like dental care, requires a short daily
investment of time and care for maximum benefit.

There are very few tax shelters available to U.S. taxpayers other than small
business and real estate ownership. These tax reduction products can empower anyone
that has the courage and desire to start a small business, to put these good tax
laws to work for them and their families.

Web Site = http://www.taxarrest.com

Contact Details = 2011 Bristow Street
913-645-1982 (phone)
913-722-4723 (fax)
taxarrest@kc.rr.com