|
|
A Basic Introduction to Blogging
Copyright 2005 Mal Keenan Web logging first appeared on the net in the mid-1990s. The term “web log” was initially coined refer to a server’s log file and then expanded to include the meaning of online personal journaling. Later on, to avoid...
Blogging for customers
Blogs are a great way to keep in touch with your customers. Why? No spam filters. Blogs are proactive tools and not reactive like an email. If people want to know what’s going on, they must log on to your blog and find out on their own. This is...
How to Quickly Create an Adsense Site That Brings in the Bucks
One of the hottest crazes for online marketers is Adsense sites. These marketers trade in information and build sites that are tightly focused around one small niche. To build an Adsense site, all a marketer needs is a Google Adsense account, a...
My Adsense Journey
As a blogger, I started creating websites that I found personally interesting to me. I found articles that were fun and interesting and posted them for people to read. After all.. people create blogs so they can share their feelings and...
Search Engine Crawlers and Dynamic Web Pages
There are misunderstandings and confusions in the Search Engine Optimization (SEO) world in regard to search engines indexing of dynamic web pages. It has been claimed that search engine spiders don't index/crawl dynamic web pages well. This...
|
|
|
|
|
|
|
|
Your Affiliate Business and Taxes
Starting a home-based business on the Internet is easy you say. You have your web page built, your affiliate links and you're ready to go. Not really, you need to make sure you have all your i's and t's crossed when it comes to taxes.
Getting Started
First, you will need to register your business name with the city government. When I registered my business name with the city I was charged $11 -- so expect to pay a small fee when filing this legal document with your local goverment.
Second, you need to apply for an Employer Identification Number with the Department of the Treasury (IRS). To file for an EIN, you will need to complete Form SS-4. You can find these forms in post offices, public libraries, online, or by contacting the IRS.
Once you receive this document, keep it in a safe place -- in other words, don't crumple, stomp, or throw away -- this identifies you and your business with the U.S. government and you will need this number when you file your taxes.
Third, you will need to check with your state government to determine if you need any specific licenses. Such as Retail Sales Tax Permit -- if you are planning on selling items offline or online.
Fourth, you may want to open a Business Account at your local bank once the money starts to roll in. Keeping your money separate from your family account -- helps you to keep your accounting accurate for your business.
What percentage of your income will go to your State and Federal Government?
You will need to pay the following taxes, at the following rate, on a quarterly basis:
States Taxes -- 3.7% Federal Taxes -- 11.3% Social Security -- 12.4% Medicare -- 2.9%
The first year in business is difficult, because you have no idea what you will be making--You will need to make a conservative guess. However, you will only pay what you owe against that of your expenses (your net income). For example, if you believe you will have $3000 in expenses during the year -- and you believe in your first year, you will make $6000-- you would report the following:
$6000 (Money Made)- $3000 (Expenses) = $3000 (What you owe)
This amount would be divided among the four quarters within the year and paid to your State Government and the Federal Government. If you find that you will be making more and you have paid in for one quarter -- you will have to adjust the balance and divid it between the remaining quarters.
The following is what you will submit to the Federal Government: 1) Federal Taxes-11.3%, 2) Social Security-12.4%, and 3) Medicare payment-2.9%.
The State Government will receive only the 3.7% of your net earned income.
(Please note: If you are unsure about anything, you should enlist the help of a CPA, regarding tax
matters).
Your estimated taxes are due on the following dates throughout the year:
April 15 June 15 September 15 January 15
To obtain more specific information you can read IRS Publication 505: Estimated Tax payments.
Note: You are not required to make estimated tax payments until you have income not subject to withholding on which you will owe tax. If you don't make your first payment until a later period, you must divide your entire estimated tax by the number of payment dates remaining. If, for example, you have three payment dates pending, you would pay one third of the total tax by June 15, the other third by September 15 and the last by January 15.
Typical Expenses To Deduct
Here is a list of some of the expenses you can deduct.
1. Your home mortgage -- If you use a room solely for conducting business then you can take this deduction. There are a couple of different formulas to determine the percentage of your home that is used for your business.
You can use the "number of rooms" method or the "area method". I would suggest using the "area method" because I can't imagine having a home where all the rooms are the same size.
With the area method, you would take the area of your home office divided by the area of your home. Example:
Your Office= 10' X 10' = 100 square feet YOur home is 1000 square feet Your deduction = 100/1000 or 10%
2. Indirect Expenses -- with indirect expenses you will only be able to deduct the area percentage (Note: use area percentage calculated above) of the total cost. These indirect expenses would include such things as:
House payment Utilites Telephone Garbage collection Internet connection (If other people are using the Intenet)
3. Direct Expenses -- these are expenses that relate only to your business.
Supplies Advertising Business account bank charges
Keeping Track of Expenses
To keep track of all your expenses. and you are comfortable working with a spreadsheet software, I would suggest purchasing a small business accounting package such as QuickBooks or Peachtree Accounting.
To conclude, this definitely is not an exhaustive list of what you need to know. However, this will give you a beginning as to what you will have to be aware of when starting a home-based business. As your business grows, your CPA will be able to assist you and keep you on the straight and narrow to your success on the Internet.
About the Author
Vickie J Scanlon has a BBA degree in Administrative Management and Marketing. Visit her site at: http://www.myaffiliateplace.biz for free tools,articles, ebooks, and how to info or check her blog for additional insights to the Affiliate Business – http://myaffiliateplace.blogspot.com
|
|
|
|
|
Liz Castro on HTML, XHTML, and CSS: Blogging CSS |
Blogging CSS. Oof, adapting this movable type blog to my new style is not easy. First, figuring out how their style sheet works and then trying to meld that ... |
www.cookwood.com |
  |
Weblogs | Blogging | CSS Mania |
CSSmania, the most updated css showcase all over the globe. |
cssmania.com |
  |
Tagging im Weblog - Chance, Perspektive oder nur Trend?: Blogging ... |
- [ Translate this page ]Mit dem Tagging ist es wie mit dem Bloggen. Wer es nicht selbst erlebt hat, kann nicht mitreden. Wer es ausprobiert hat im einfach persoenlich Weblog. |
www.einfach-persoenlich.de |
  |
Faszination Bloggen - Vogelflug-Formation: Blogging : CSS ... |
- [ Translate this page ]Faszinierende Artikel mit Substanz fallen sofort auf. Darren hat mich mit seinem Blog-Posting auf ProBlogger inspiriert im einfach persoenlich Weblog. |
www.einfach-persoenlich.de |
  |
Blogmarks.net : Public marks with tags blogging & css |
tools blogging css software reference culture standards opensource development comparison architecture collaboration technology innovation productivity ... |
www.blogmarks.net |
  |
Blogmarks.net : Public marks with tags blogging & css |
javascript blogging css html xhtml web-design dhtml skins ajax web2.0 demos web-development ... web design blogging css webdesign blog php cms tutorials ... |
www.blogmarks.net |
  |
This Is Smyrna, TN: September 2005 |
Plans are to meet once a month to discuss blogging, tools of blogging, css, podcasting and anything else of interest. ... |
thisissmyrnatn.blogspot.com |
  |
This Is Smyrna, TN: August 2005 |
Plans are to meet once a month to discuss blogging, tools of blogging, css, podcasting and anything else of interest. Email me at dailydiablogger@gmail.com ... |
thisissmyrnatn.blogspot.com |
  |
digg / KicktheDonkey / dugg |
170 Cheat Sheets about Ajax, Apache, Blogging,CSS, CVS, Firefox, Google, HTML/XHTML,JavaScript,Linux, MySQL, LaTeX, Oracle, Perl,PHP, Python, Photoshop Ruby ... |
digg.com |
  |
Search Community MX: Results for css |
Category: Blogs and Blogging,CSS,Dreamweaver,Music. Description: With back to back trips lately (an actual skiing vacation to Colorado), I've been more than ... |
www.communitymx.com |
  |
blogging - SWiK |
Firefox Computer blogging css google googlereader lifehacks style tools web … Nov 19 ... opensource FREE blogging css feeds javascript programming rss tools ... |
swik.net |
  |
Comments on: Blogging Challenge: WordPress Treasure Hunt |
It’s even been picked up by MaxPower.ca Local Tags: access, Blogging, css, free, hosting, php, statistics, Themes, wordpress, wordpress com, wordpress org ... |
www.maxpower.ca |
  |
pytlik / css |
by pytlik 2006-06-16 02:33 tags: blogging · css. http://www.htmlhelp. com/reference/css/all-properties.html - similar - cached - mail it - history ... |
www.simpy.com |
  |
Articles - Interview: Cameron Moll | iStockphoto.com |
Blogging, CSS, and the standards movement have collaboratively produced an explosive wealth of benefits for websites and their users, but they have also ... |
istockphoto.com |
  |
Technorati Profile for chwats (Christian Watson) |
http://blog.myspace.com/christianwatson. Tagged: Blogging, CSS, Design, Search Engine Optimization, SEO, Usability, web design, Web development. ... |
www.technorati.com |
  |
Russell Holliman: See what people are saying right now on Technorati |
Posted by Sebastian Prooth in weblog, wordpress, blogging, CSS, blogger, microsoft, bbc, theme, Robert... » Show details · What's Popular Most Popular ... |
www.technorati.com |
  |
JeffCroft.com: Items tagged with movabletype |
Wednesday, June 29th 2005 at 5:07 a.m. (1 year, 5 months ago): Tags: ajax, blogging, css, javascript, movabletype, php, tutorial; 0 comments on Six Apart ... |
www2.jeffcroft.com |
  |
JeffCroft.com: Items tagged with php |
Wednesday, June 29th 2005 at 5:07 a.m. (1 year, 5 months ago): Tags: ajax, blogging, css, javascript, movabletype, php, tutorial; 0 comments on No more CSS ... |
www2.jeffcroft.com |
  |
lynx [dive into mark] |
Visually, the navigation bar is first, but structurally, this main text is first. (View […] accessibility, blogging, css, lynx ... |
diveintomark.org |
  |
Brewster's Field Guide to Web 2.666 |
Instant Comment Preview blogging, css, javascript, meta, you-can-build-it-you-can-fly-it: Here's a really cheap, sleazy way to instantly preview blog ... |
kentbrewster.com |
  |
|