Tax Deductions for the Home-Based Sole Proprietor
- Category: Finance
- 19 Dec
- Written by Ginger Derrickson
Tax time is here again! What do you need to know about tax deductions when doing business as a home-based sole proprietor? You may be thinking, "I'll hire an accountant or go to one of those tax preparation kiosks in the mall," or "I'll just use one of those computerized tax software programs."
Whatever your decision, you are ultimately responsible for knowing what you can and cannot deduct as business expenses. Why? YOU are accountable to the IRS for your deductions, not the tax preparer.
But the most compelling reason: Getting the greatest benefit from your deductions. If you pay someone to do your taxes you still need to know what you can deduct so that you can gather all relevant paperwork!
Let's start with the basics:
No comments yetHow to Manage Your Money
- Category: Finance
- 19 Dec
- Written by Curtis Stevens
The number one reason why all businesses online and off-line fail, is probable because the owners overestimate how much money they have to spend. Many owners will spend more money than the business is making and will eventually fall apart. Many businesses that fail do not know how to manage their money properly and make a few mistakes that cost them big time in the long run.
A Fall Financial Checkup
- Category: Finance
- 19 Dec
- Written by Doris Dobkins
When was the last time you gave your personal finances a Check-Up? Since financial planning is such an important component of our lives, I think it is good to step back, at least once a year and give your finances a Check-Up.
If you wonder how in the world to do that, I'll make it easy for you.
