Downsizing Got You Scared? Find Out If An Online Business Is For You!

Written by Doug Parr

Continued from page 1

4. Online Payment Service – There are several choices. You can apply for your own merchant account (sometimes difficult to get and costly inrepparttar beginning). You can opt to use a “third party payment provider” such as ClickBank or PayPal (immediate acceptance but higher fees overrepparttar 117734 long term). Yes, you can ask customers to mail you a check, butrepparttar 117735 risk to you is high (bounced checks, etc.) Also, paper checks are more trouble forrepparttar 117736 customer and will likely cause them not to order.

5. Products and/or Services – Oh yeah! You’ll need something to sell. Perhaps you have a professional skill you’ll be selling as a service. Maybe you’ve written a book or invented a new gadget to sell. You can also get involved with affiliate programs, where you resell other’s products and/or services and earn a commission. You’ll need to decide before launching your site.

6. Time To Grow – It is possible that you will launch your business and immediately make an exceptional income. However, I wouldn’t count on it. The ‘Net may move atrepparttar 117737 speed of light, but building a business still takes time. If possible, start working on your online business part-time and work your way into a full-scale company. This will allow you to maintain a steady income while takingrepparttar 117738 necessary steps toward self-employment.

It is possible to launch a profitable online business. I’ve done it myself! But it takes planning, dedication and knowledge to getrepparttar 117739 job done right. By investigating what you’ll need before you need it, you’ll be one step ahead ofrepparttar 117740 competition!

Doug Parr is an Internet marketer who specializes in helping average people make exceptional incomes online. At SmallBiz2000 you’ll findrepparttar 117741 most reliable and “growth oriented” products & services onrepparttar 117742 Web. While you’re there, subscribe to Doug’s monthly newsletter SmallBiz forrepparttar 117743 latest marketing tips.

Doug Parr is an Internet marketer who specializes in helping average people make exceptional incomes online. At SmallBiz2000 you’ll find the most reliable and “growth oriented” products & services on the Web. While you’re there, subscribe to Doug’s monthly newsletter SmallBiz for the latest marketing tips.

Find The Best Tax Resources Right Here

Written by Maria Marsala, Business and Life Coach

Continued from page 1

Since 1980,repparttar Small Business Tax and Management has been providing services to business owners. Lots of resources on this site.

Bookkeeping and Tax Programs: Quicken, QuickBooks, Turbo Tax

Taxes and Accounting axes_and_accounting

The Top 10 Essentials for Making a Hobby Into a Business http:/ Dealing Effectively withrepparttar 117733 IRS http:/

CPA or Bookkeeper? Besides trading on Wall Street, I was an Operations & Accounting Manager. At one point, I had bookkeepers and a few CPA's working for me. I was able to sign off onrepparttar 117734 work performed byrepparttar 117735 bookkeepers but I wasn't unable to sign off on any internal audits. Why? Because I didn't have a CPA License!

So you can see, there is a difference between a CPA and Bookkeeper. Now-a-days, with Quicken and Peachtree, many of us can set up our own bookkeeping and send out invoices - if that is how we choose to use our time.

If you are a sole proprietor, you can 1) hire a CPA firm that will also do your monthly bookkeeping 2) hire a CPA firm that will help you set up your monthly bookkeeping system and then you can do your bookkeeping or hire a bookkeeper 3) hire a bookkeeper to do your monthly bookkeeping 4) do it yourself.

Personally, I did my own bookkeeping for many years (I was an accounting manager) and then brought my records to a CPA yearly. I keep up with as many tax laws etc. as I can, I guess because I like that sort of thing. Many folks don't though! Know which you are!

As my business grew, I hired a bookkeeper and worked with them to set up a monthly bookkeeping system. The system was set up as suggested atrepparttar 117736 IRS Tax Class I attended - with categories names and in close order torepparttar 117737 tax forms I'll use as a sole proprietor (Schedule C & Form 8829). I'll chooserepparttar 117738 names ofrepparttar 117739 sub-categories based on how I spend money. They also suggested that you set up your file cabinet with similarly named files.

Enjoy my article on CPAs. It's called "10 Ideas To Help You Choose a CPA"

© Copyright 2002 Maria Marsala is an internationally known coach, author, and speaker. A former Wall Street trader and manager, she is the author of the ebook "Thinking of Starting a Business... Let's Talk About What's Next." Subscribe to her free ezine "Helping You and Your Business Grow" at

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