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10 Ways To Help You Plan Your Home Office For Productivity, And Comfort
Some home offices are set up in a dedicated area just for the business, but most people need to have a family room, bedroom, or guest room do double duty.
Getting focused about what you need your home office to do for you will help you buy...
7 Habits of Highly Successful Small Business Owners
Do you spend every waking minute in your business? Do you find it difficult to take time out for you? Are you constantly working in a mess?
Unfortunately there are far too many business owners working too long and too hard. They tend to be...
Credit Traps Snag Consumers
Nearly 20 years ago I worked for a small consumer advocacy organization in Washington, DC. Each week we received sacks full of mail from consumers across the country requesting our list of credit cards with low interest rates and no annual fees....
Don't Discount Offline Business Opportunities
So many people automatically think of Internet businesses first now days. Why? Because they're relatively cheap and quick to set up. What many don't seem to realize though, is that are still some golden opportunities in the offline world too. One...
How to NOT to Go Into Big Debt While Building Your Online Business!
Credit cards can be a great thing for the new online independent business owners who have just started their online venture. They are convenient, easy to use, and are very useful when it comes to taking those small baby steps that a newbie needs...
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The Tax Connection: Small Businesses and Tax Time
I'm sure you've heard the daunting statistics that only 1 out of
every 5 businesses makes it to their 5th year. But do you know
why this is true?
While I can only speculate, I have heard one of the biggest
reasons for business bankruptcy is taxes.
The problem is a cyclic one. The owner starts making money hand
over fist, and of course, spends it just as quickly. Money comes
in and goes right back out. Sure, putting money back into your
business is necessary, but you must manage your spending wisely.
Remember, the U.S. government takes about one-quarter to
one-third of our income. Plant that firmly in your mind! As a
self-employed individual living in the U.S., it will probably be
closer to one-third. So it might be best to just set aside
one-third of your income for the tax man. If it turns out it's a
little less, then you'll have some extra cash.
In other countries, this number may actually go up to as much as
one-half to two-thirds of your total income. Isn't that why
we
all love socialist economies?
All joking aside, the point is, if you spend everything you
have, you will not be able to pay your taxes come tax time.
Obviously, you don't want to get yourself in the position where
you owe $10,000 or more (especially if you already spent your
profits) all at once.
The best way to avoid this frightening situation is to spread
your tax payments out. Monthly is best, but quarterly is a great
start. A good accountant will be able to help you estimate what
to pay based on what you're earning. That way, your taxes are
spread out evenly throughout the year.
So remember to factor your taxes into your overall financial
situation before it's too late!
About the author:
Would you like to learn how to start increasing your profits by
creating a unique image for your small business or professional
service? Discover how by visiting Positioning
Tactics and sign up for our free ecourse (Value $37)
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| United States Small Business Administration |
| An electronic gateway of procurement information for and about small businesses. Search engine for contracting officers, marketing tool for small firms, ... |
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| SBA |
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| Main Page - SmallBusiness.com - Small Business Resources |
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| Smallbusiness.gov.au redirect to business.gov.au |
| Business Entry Point - Helping small business in big ways. An Australian Government initiative. The content from this website has now been consolidated into ... |
| www.smallbusiness.gov.au |
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| Business & Small Business |
| Online and print small business publication. Information to help start, grow or manage a small business. |
| www.entrepreneur.com |
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| Microsoft Small Business Center |
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| The Small Business Advisor - advice for starting and operating a ... |
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| SCORE "Counselors to America's Small Business" |
| A nonprofit association dedicated to encouraging the formation, growth, and success of small business nationwide through counseling and mentor programs. |
| www.score.org |
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| Small Business and Self-Employed One-Stop Resource |
| IR-2006-2, January 3, 2006 - Temporary and proposed regulations will significantly reduce tax filing burden for nearly 950000 small business owners. ... |
| www.irs.gov |
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| Welcome to Small Business BC your business resource in British ... |
| BC Business Services offers assistance and resources for those running or starting a business in British Columbia and Vancouver. |
| www.smallbusinessbc.ca |
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| Small Business Service | Home |
| Provides information and advice to help small businesses realise their potential. |
| www.sbs.gov.uk |
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| NSW Small Business |
| A site developed by the NSW Department of State and Regional Development for small businesses. Topics include management, resources, current issues and ... |
| www.smallbiz.nsw.gov.au |
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| Business Management & Advice: Small Business Resources & Information |
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| Small Business Funding Opportunities (SBIR and STTR) |
| Links to Small Business Funding Opportunities and SBIR / STTR Applications. |
| grants.nih.gov |
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| Microsoft bCentral Small Business Directory |
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| sbd.bcentral.com |
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| Our site has moved! Please update your bookmarks! |
| Facilitates the sharing and exchange of information among small business development centers, the small business administration and other business-oriented ... |
| sbdcnet.utsa.edu |
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| Small Business Development Corporation |
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