Tax & Financial Tips Archive
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Date: June 9, 2012
Subject: Business Recordkeeping

This is
G&G Associates Tax & Financial Consulting
Tax Tip of the Week

Business Recordkeeping

Imhotep (Wisdom to You) G&G Readers,

Do you have a business? If not, shame on you. You surely are paying more in taxes than necessary.

The intent of this e-mail is not to go into the reasons why you should own a business because I've done numerous webinars on the topic. Just visit G&G Associates homepage and go into our audio or newsletter archive and learn more about why.

BL: I discuss how you can get a guaranteed 15-30% ror on your money by owning your own business. Are you making this in your 401K, doubt it. If you are one of the few who are, surely not consistently.

Below are a few references to those who own a business to make sure you do the necessary Recordkeeping to prove your expenses to reap the tax breaks offered by your good old uncle.

Here is a link to the IRS website I think would be very beneficial to those who want to increase there tax & Financial IQ:,,id=98575,00.html

Also, if you missed the G&G webinar, on "Recordkeeping" ... no problem. Just click on the link below, get your 3 P’s (pencil, paper and popcorn) and catch up on what you missed. FYI, had a few technical difficulties about 10 minutes into the webinar for about 2-3 minutes, but finally got them worked out and the webinar went smooth from then on.

Fuze Meeting link:

This is
G&G Associates
Tax & Financial Consulting Services

Maximizing your Employer’s Contribution
Within Your 401K (TSP)

Karibu (Welcome) G&G Readers,


If you saw an ad like that, you'd probably ask, "what's the catch?"

This is strictly on the up and up. Your employer may give you money every time you contribute to your 401k plan, if it offers a matching contribution.

"No fair," you may say. "That's like telling me to eat my vegetables before I can have dessert."

Yep…Sorry, but a little character-building never hurt anyone. Besides, would you leave a $100 bill lying on the street? Taking advantage of your employer's match may mean that you can retire sooner, or that retirement might be nicer than you originally expected.

Some workers don't take full advantage of the matching contribution their employer offers. According to the Profit Sharing/401k Council of America's (PSCA) latest survey of profit-sharing and 401k plans, more than 20 percent of employees don't contribute to their plans. Not all of those employees are in plans offering a match – but, about 78 percent of plans offer some kind of matching contribution, the PSCA said. Also, the figure doesn't count workers who contribute to their plans, but don't put in enough to get the entire employer match.

Your employer is not required to make any contribution to your plan at all. So, why are you passing on its generosity if it does offer one?

To get the full benefit of the match, it helps to know your plan's rules, including when and how to contribute. Here's what you need to know.

Internal Sponsorship:

To become a member of the G&G Investment Society (GGIS) newsletter subscription to learn how to take advantage of some of our suggestions so you can protect your wealth and portfolio against a fallen dollar, send an e-mail to and/or visit our website at and click on the “Products & Services” link and we’ll get you signed up right away.


- 1 year subscription - $149
- 2 year subscription - $269
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*** Membership Guarantee *** If you don't make your money back from being a GGIS member by the end of your subscription...we'll refund 100% of your subscription fee back. That's how confident we are that this will be one of the best financial moves of your life.


As always…feel free to pass this information on to anyone you think is interested in increasing their tax & financial IQ.

If you need a one-on-one consultation to learn how to implement these investments or any other on the GGIS portfolio, feel free to contact me to setup an appointment.

If you missed any past G&G newsletters, click on link below for the archive:

Meda Ase p (Thank You Very Much),

Asar Maa Ra Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-3757 office
866-361-3872 toll free fax

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LEGAL NOTICE: This work is based on what I’ve learned as a financial researcher and analyst based SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. It may contain errors and you should not base investment decisions solely on what you read here. It’s your money and your responsibility. Nothing herein should be considered personalized investment advice.


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