How to Get Insanely Rich on the Internet

Written by Linda Cox

Welcome torepparttar Total Idiot's Guide to Internet Success!

Let's begin:

Q: How long will it take me to get insanely rich?

A: Depends on you. Probably two weeks. Some people take as long as a month.

Q: Does it take hard work or long hours to get insanely rich?

A: No. This isrepparttar 117917 internet.

Q: Can just anybody get insanely rich?

A: Yes. This isrepparttar 117918 internet.

Q: How do I proceed?

A: As you're surfing aroundrepparttar 117919 net you'll see banners and links that say things like "Make Fourteen Million Dollars in Ninety Days, Click Here to See How!" Simply clickrepparttar 117920 link to get started.

Q: It won't really take ninety days though, will it?

A: Don't be silly. They just say that so you'll be pleasantly surprised and so it doesn't sound like hype.

Q: Okay, I've found one that says "Retire to Your Own Caribbean Isle in One Month!" Is that good?

A: Perfect.

Q: What does MLM mean?

A: Nobody really knows. Morons Lose Money has been snidely suggested byrepparttar 117921 little-brains.

Q: I signed up and now I sell low phone rates. They say it'srepparttar 117922 easiest thing to sell because everyone uses a phone. And since it's MLM, byrepparttar 117923 time my third level is operating I'll be making $345,915.45 per week.

A: Conservatively.

Q: They sayrepparttar 117924 first step is to get my mother intorepparttar 117925 program. Why is my sponsor happy that Mom has Alzheimers?

A: Your sponsor is a shrewd business person. People with any sort of memory disorder makerepparttar 117926 best targ... uh, clients. You can switch your mother's long distance carrier for her, and then start callingrepparttar 117927 other members of her support group.

Q: That sounds a little fishy.

A: The ends justifyrepparttar 117928 means. You are offering people substantial savings on long distance. It's for their own good.

Basic Business: Good Record Keeping

Written by Wild Bill Montgomery

Everyone in business must keep records. What can good record keeping do for you? I'll give it to in a straight no-glamour content.

Let's Start Now:

Make sure you monitorrepparttar progress of your business: Good record keeping can show whether your business is improving, which items are selling and what changes are needed. Good record keeping can berepparttar 117916 difference between failure and success.

Prepare accurate financial statements: You need good records to prepare accurate financial statements. These include income (profit and loss) statements and balance sheets. These statements can be a big help when dealing with your bank and creditors. An income statement showsrepparttar 117917 income and expenses ofrepparttar 117918 business for a given period of time. A balance sheet shows assets, liabilities and your equity inrepparttar 117919 business on a given date.

Identify source of receipts: You will receive money or property from many sources. Your records can identifyrepparttar 117920 source of your receipts. You need this information to separate business from non-business receipts and taxable from nontaxable income.

Keep track of deductible expenses: You may forget expenses when you prepare your tax return unless you record them when they occur. Believe me you will need allrepparttar 117921 deductible expenses you can find.

Prepare your tax returns: Records must supportrepparttar 117922 income, expenses and credits you report on your tax returns. Generally, these arerepparttar 117923 same records you use to monitor your business and prepare your financial statements. You must keep your business records available at all times for inspection byrepparttar 117924 IRS and/or your State Department of Revenue. Ifrepparttar 117925 IRS or State Department of Revenue examines any of your tax returns, you may be asked to explainrepparttar 117926 items reported. A complete set of records will speed uprepparttar 117927 examination and makerepparttar 117928 experience feel that much less like a rectal exam.

What kind of records should you keep?

Except in a few cases,repparttar 117929 law does not require any special kind of records. You may choose any system suited to your business that clearly shows your income.

The type of business you operate affectsrepparttar 117930 type of records you need to keep for federal tax purposes. You should set up your books using an accounting method that clearly shows your income for your selected tax year. If you are in more than one business, you should keep completely separate records for each business.

A few Bookkeeping Tips:

* Daily business records arerepparttar 117931 best * Identify source of receipts * Record expenses when they occur * Keep complete records on all assets

Some supporting documents you will need:

Purchases, sales, payroll and other transactions you have in your business will generate supporting documents such as invoices and receipts. These documents containrepparttar 117932 information you must record in your books.

It is important to retain these documents because they supportrepparttar 117933 entries in your books and on your tax returns. You should keep them in an orderly fashion and a safe place.

Supporting documents include sales slips, paid bills, invoices, receipts, deposit slips and cancelled checks. Generally, it is a good idea to keep your supporting documents in file folders in designated categories. For example, if you write a check to Joe's Office Furniture and recordrepparttar 117934 expense as "office supplies", thenrepparttar 117935 receipt should be placed in a folder marked "office supplies".

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