Rhonda Johnson and Tom Bass from www.accountablesolutions.biz Contact: NetMillionaire Buzz Radio Contact Person: Ross Arntson Company Name: The Hare Brained Ideas Group Business makes Financial Sense (Intro to a 4 part-series) Seattle, WA August 18, 2005 Vegas Buzz Radio and The Hare Brained Ideas Group have teamed up to create The NetMillionaire Buzz Radio Show. August 18th brings the incredible knowledge of accounting experts, Rhonda Johnson and Tom Bass www.accountablesolutions.biz on their Explosive Radio Show. Introducing the first of a four-part series on accounting and tax strategies, the hosts ask poignant questions looking for the real answers to maximizing small business owners tax deductions. In conjunction with their new MLM Training Game, “The NetMillionaire Training System” designed for the Network Marketing Industry, the show is a phenomenal new tool that MLM business owners and entrepreneurs can use to get the inside scoop on training skills, success practices and much, much more. In turn, they can share this information with their associates and employees to accelerate their businesses to the next level. This NetMillionaire Buzz Radio Show is hosted by Ross Arntson and Rob Hannley, two of the three creators of “The NetMillionaire Training System” which is the first ever “edu-tainment” training program for the Network Marketing industry in the form of a high quality board game. This engaging training system encourages the participants to interact through role playing and participatory techniques which act as mental anchors, re-enforcing the training materials. This creates a powerful method to retain information for the players. With weekly reinforcement from the radio program, networkers have a tactical edge on the competition. We have a very special show for you this week, TWO guests from www.accountablesolutions.biz Rhonda Johnson and Tom Bass. Both specialize in creating accounting programs for the network marketer and the small business entrepreneur. Rhonda and Tom help small business and home-based business owners minimize their taxes and keep more of what they make. Their 15 year practice was built on the concept of year-round service to clients. This generally involves periodic contacts for setting goals, reviewing performance and making adjustments. Through proper planning you can control your taxes. Their objective is to “Take Care Of All Your Accounting Requirements... So... You Can Take Care of Business!” Home Business Tax Relief Specialists! Rhonda Johnson helps small business and home-based business owners minimize their taxes and keep more of what they make. The accounting practice she started 15 years ago was built on the concept of year-round service to clients. This generally involves periodic contacts for setting goals, reviewing performance and making adjustments. Through proper planning you can control your taxes. A Home Business Qualifies You for Thousands in Tax Breaks · Dispelling Myths that may hold you back · Even if your home business doesn’t produce a profit, it can produce thousands in deductions · How to PROVE you have an intent to produce a profit Add Hundred of Dollars to Your Take-Home Pay Immediately… · How to put it in place in 10 minutes · It won’t cost your employer a penny · Put hundreds of extra dollars in your pocket Employ Family · Hire your kids and deduct up to $5000 each tax FREE · Hire your spouse and get medical deductions for yourself Make Your Vacations Deductible · Make them all tax deductible business trips · Keeping audit proof business trip records The Key to Your Largest Single Deduction May Be in Your Ignition · Convert commuting miles into business miles · Record-keeping made easy · Big vehicles offer bigger write-offs · Alternate two autos and write them both off How to Convert Non-Deductible Personal Expenses Into Tax-Deductible Business Expenses · Which personal expenses can you convert? Here’s how to legally convert those existing personal expenses to business expenses As Enrolled Agents , this team is unstoppable in the preparation and the tax structuring of your small business.: They have been trained to be “The Tax Professionals” What is an Enrolled Agent? An Enrolled Agent (EA) is an individual who has demonstrated technical competence in the field of taxation. Enrolled Agents, or EAs, can represent taxpayers before all administrative levels of the Internal Revenue Service. What does the term "Enrolled Agent" mean? "Enrolled" means EAs are licensed by the federal government. "Agent" means EAs are authorized to appear in place of the taxpayer at the Internal Revenue Service. Only EAs, attorneys and CPAs may represent taxpayers before the IRS. The Enrolled Agent profession dates back to 1884 when, after questionable claims had been presented for Civil War losses, Congress acted to regulate persons who represented citizens in their dealings with the Treasury Department. How can an Enrolled Agent help me? EAs advise, represent and prepare tax returns for individuals, partnerships, corporations, estates, trusts and any entities with tax-reporting requirements. EAs prepare millions of tax returns each year. EAs' expertise in the continually changing field of tax law enables them to effectively represent taxpayers audited by the IRS. What are the differences between EAs and other tax professionals? Only Enrolled Agents are required to demonstrate to the Internal Revenue Service their competence in matters of taxation before they may represent a taxpayer before the IRS. Unlike attorneys and CPAs, who may or may not choose to specialize in taxes, all EAs specialize in taxation. EAs are the only taxpayer representatives who receive their right to practice from the United States government. (CPAs and attorneys are licensed by the states.) How does one become an Enrolled Agent? The EA designation is earned in one of two ways: (1) an individual must pass a difficult two-day examination administered by the IRS which covers taxation of individuals, corporations, partnerships, estates and trusts, procedures and ethics. The pass rate is 30%. Next, successful candidates are subjected to a rigorous back ground check conducted by the Internal Revenue Service; or (2) an individual may become an EA based on employment at the Internal Revenue Service for a minimum of five years in a job where he/she regularly applied and interpreted the provisions of the Internal Revenue Code and regulations. Are EAs required to take continuing professional education? In addition to the stringent testing and application process, EAs are required to complete 72 hours of continuing professional education, reported every three years, to maintain their status. Because of the difficulty in becoming an Enrolled Agent and keeping up the required credentials, there are fewer than 35,000 active EAs in the United States. Are Enrolled Agents bound by any ethical standards? EAs are required to abide by the provisions of U.S. Treasury Department Circular 230. EAs found to be in violation of the provisions contained in Circular 230 may be suspended or disbarred. Why should I choose an EA who is a member of the National Association of Enrolled Agents (NAEA)? NAEA is the organization of and for Enrolled Agents. The principal concern of the Association and its members is honest, intelligent and ethical representation of the financial position of taxpayers before governmental agencies. Members of NAEA are required to complete a minimum of 30 hours of continuing professional education each year in the interpretation, application and administration of federal and state tax laws in order to maintain membership in the organization. This requirement surpasses the IRS' required minimum of 16 hours per year. Privilege and the Enrolled Agent The IRS Restructuring and Reform Act of 1998 allows federally authorized practitioners (those bound by the previously mentioned Circular 230) a limited client privilege. This privilege allows confidentiality between the taxpayer and the Enrolled Agent under certain conditions. The privilege applies to situations where the taxpayer is being represented in cases involving audits and collection matters. It is not applicable to the preparation and filing of a tax return. The new privilege does not apply to state tax matters, although a number of states have an accountant-client privilege. Remember; Tax laws are subject to change at any time. The information covered in this interview is in complete alignment with the content of “The NetMillionaire Training System”. The MLM industry will never be the same after using this revolutionary system as a means of creating higher associate retention rates for the trainer’s downline. Furthermore, by utilizing its customizing feature, this training system can be modified to act as a recruiting tool to show new prospects the value and freedom that the networking business can provide. Other customizing features include the ability to focus the training to review Sales and Marketing skills that cover; Handling Objections, Win-Win Closing Techniques, Advanced Leadership Skills and ideas for Warm and Cold Contacting of new prospects. To learn more about The NetMillionaire Training System, it can be found at www.netmillionairetraining.com Here are some examples of the extraordinary information players will gain from this incredible training tool; Create teams that have fun, learn, grow and have a “WOW” experience every time. Go beyond your comfort zone and feel the thrill of success with the support and encouragement of your team. Acquire specific sales and marketing skills that allow participants to practice in a risk free controlled atmosphere. Relax and express yourself in a safe environment with no fear of judgment. Gain fantastic insights from the wisdom and experience of others while they learn and grow from yours.. Learn the necessary steps required to plan and execute your plan for financial freedom. Recognize your never-ending potential for success and delight in sharing it with others. Finish training with facts, tools, revelations and an action plan for total success. If success is what matters most to you and you desire to break through the earning barrier then “The Netmillionaire Training System” is for you. NetMillionaire Buzz Radio is scheduled to create another buzz around Trainer and author Jim Britt, next week. Tune in to http://www.vegasbuzzradio.com For additional information or an online preview; Vegas Buzz Radio -NetMillionaire Buzz Radio" and “The NetMillionaire Training System” are unique training tools designed especially for the Networking Industry and any small business entrepreneur. The Hare Brained Ideas Group is comprised of two individuals; Rob Hannley and Ross Arntson, who came together to create innovative ideas for trainers, facilitators and presenters. Designing ideas that will enable the participants to absorb materials, concepts and thoughts in a more entertaining and fun way.
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