Intrepid Private Capital Group Financial News Blog

Intrepid Private Capital Group

what are capital gains

What are Capital Gains and How are they Taxed?

Capital gains is an accounting term frequently used by business owners, investors, and tax accountants. This financial metric reveals the profit your make on an asset, with capital losses referring to any losses you may incur on an asset. Keeping track of both capital gains and capital losses is important, partly because of its tax…

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Commonly Overlooked Tax Write-Offs for Small Businesses

In case you didn’t get the memo, tax day is right around the corner.  This year (2016), the Internal Revenue Service has placed a filing deadline of April 16, after which all returns will be considered late. If you’re a small business owner, you should use this time to double-check your financial documents to ensure…

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Pay Your Business Taxes and Keep Good Records

With April 15th fast approaching, entrepreneurs and small business owners throughout the country are scrambling to prepare their taxes. But some business owners place taxes at the bottom of their list of priorities. Perhaps they assume their business is a low risk for an audit, or maybe they just don’t know the proper way to…

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TAXING RICH WON’T END INEQUALITY – BUT IT WILL MAKE US ALL POORER CLICK on this must read article! The misunderstandings on this subject are absolutely legion!

W. MICHAEL COX  AND RICHARD ALM Thomas Piketty’s “Capital in the 21st Century” fell as manna from heaven for the ideologues who fret about income inequality in the United States. The rock-star French economist proposes taxes of up to 80% on income and wealth — not, he acknowledges, to raise revenue and benefit the poor…

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