You have a good home business idea. What?s next?Written by Arina Nikitina
Continued from page 1
Most cities and many counties require businesses - even tiny home-based sole proprietorships - to register with them and pay at least a minimum tax. In return, your business will receive a business license or tax registration certificate. You may also have to obtain an employer identification number from IRS (if you pay wages to one or more employees), a seller's permit from your state (If your business involves selling taxable goods or providing a taxable service such as renting goods or fabrication labor) and a zoning permit from your local planning board (for construction business). And if you do business under a name different from your own, such as Custom Coding, you usually must register that name -- known as a fictitious business name -- with your county. In practice, lots of businesses are small enough to get away with ignoring these requirements. But if you are caught, you may be subject to back taxes and other penalties.TAXES In eyes of law, a sole proprietorship is not legally separate from person who owns it. The fact that a sole proprietorship and its owner are one and same means that a sole proprietor simply reports all business income or losses on his individual income tax return ? IRS Form 1040 with Schedule C attached. More information about IRS Form 1040 and Schedule C you can find at http://www.irs.gov . As a sole proprietor, you'll have to take responsibility for withholding and paying all income taxes, which an employer would normally do for you. This means paying a "self-employment" tax, which consists of contributions to Social Security and Medicare, and making payments of estimated taxes throughout year.
Arina Nikitina operates Home Business Resources (http://homebizinfo.8m.com/). There you can find everything you need to know about Internet marketing, website promotion, affiliate programs and more. Hundred of FREE e-books, two hundred of articles, free guides and tutorials, business consulting and more. http://homebizinfo.8m.com
| | The List Is The ThingWritten by Ken Leonard Jr.
Continued from page 1
building a relationship and your credibility over time. The website is an important part of sales "machine", but is not primary focus, building your house list is. Many people might think that value of a house list is determined by number of leads it contains. This is true, to a point. Affecting value even more is quality of leads, or subscribers. A small list that is highly targeted, with responsive leads, is more valuable than a large list that is not targeted. Quality comes from methods used to build house list. You want leads to opt-in, or subscribe, to your list. These people are interested in your niche, or they wouldn't have joined list. Using emails from one of those " One Million Email Addresses For $10" CDs will get little or no response. You will also be labeled as a spammer. Buying subscribers from list brokers is another option, but you have to be certain that leads opted-in to list. If not, they are practically worthless. Build "your" house list, do it properly using opt-in methods, and reap rewards of a responsive and loyal group of contacts. Follow-up with your leads on a regular basis, and you'll have it made.
How do YOU get results online with little or no business experience? Get Ken Leonard Jr.'s new mini-course, "7 Ways To Beat The Competition", a smart first step for YOUR small business. End your frustration, get going in the right direction! mailto:7waystobeattherest@postmaster-email.com http://www.kenleonardjr.com
|
