Money In, Money Out
February 2015 by Mark E. BattersbyWith conventional financing still difficult to obtain, it is little wonder that “self-financing” is the number one form of financing used by small business owners, miners and prospectors.
Although the risk of a federal tax audit remains low, thanks to the Internal Revenue Service’s secret audit selection process every prospector, miner, and mining-related business owner has good reason to fear an audit, but only if they are not prepared.
While most prospectors, mine operators and business owners are aware that “like-kind” exchanges can be an excellent way to postpone the gain resulting when any of the operation’s assets are disposed of, few give any thought to the value...
There is no question the economy will not always be as good as it is now. There is also no doubt that someday the lack of exploration and the ore in existing mines running out will come home to roost.
Another area of growing international concern for business and industry is the recent astonishing proliferation of new government regulations and laws. Despite the presumably good intentions behind these measures it is now becoming apparent that they are imposing true costs to our economic society. The sheer variety of these laws and regulations is mind-boggling.
Back when I was in college, when I first started classes, the demand for new engineers was so strong that every graduate had multiple job offers without even trying.
The Bawl Mill • Ask the Experts • Ask the Experts • Ask the Experts • Mining Community Loses A Great Leader: Gerald "Jerry" Hobbs • Suction Gold Dredge Miners Win On Federal Preemption • Metal Detector Testing Methods • The Silver, Gold and Gemstones of Candelaria, Nevada • Mining for Non-Geologists Field Trip Offered by GSN • Gold in The Silver Crown District, Wyoming • Prospecting for Surface Flood Gold Placers on Low and Intermediate Gradient Streams • Introduction to Meteorites • Melman on Gold & Silver