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How Any Small Business Can Boost Profits Online - Even When ALL Your Customers Are Local
I talk to many local business owners here in my little hometown that tell me they want a website. When I ask why, they generally say something like, "Well, I just think we need one. Most businesses have them now." But realistically, if you operate...
How to pay less and get more: Discount broker vs professional
How do you invest? What do you really pay? At the end of the day, what are your real results? These are questions smart investors should be asking themselves (but usually don't). In this era of more fees, misc. charges, holding periods and back...
Online Business: Work Smarter, Not Harder
Online business is probably the fastest growing market on the planet. With over 34 million web pages out there and more being created every day it seems like an almost hopeless prospect for the solo home business owner to achieve any sort of...
Six Components Of A Good E-Commerce Site
Businesses, which are still sitting on sidelines and not doing business on the Internet, should think seriously about their position! If you are one of them, chances are there, that you have to pay dearly for your indecision as you might lose...
Tips for Starting A Small Business, Part I
Have you been dreaming of getting out of the rat race and starting your own small business? If so, your dream has become a reality for thousands of people across the U.S.
New small business owners often have similar questions such as Will I be...
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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, ... |
| www.sba.gov |
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| SBA |
| The Small Business Planner includes information and resources that will help you at any stage of the business lifecycle. ... |
| www.sba.gov |
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| Main Page - SmallBusiness.com - Small Business Resources |
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| www.smallbusiness.com |
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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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| www.microsoft.com |
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| The Small Business Advisor - advice for starting and operating a ... |
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| www.isquare.com |
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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 |
| Directory categorized by industry with company business card feature. |
| 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 |
| Our business information services provides guidance to improve business skills and knowledge on advice on starting, buying, selling and expanding a small ... |
| www.sbdc.com.au |
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