Your Personal Tour Guide Helping Navigate Your Journey of Entrepreneurship
Businesses and self-employed taxpayers have many options for filing their taxes. Filing taxes doesn’t have to be time-consuming. The IRS wants it to be as easy as possible for taxpayers so that they can pay their taxes on time. For business owners and self-employed individuals, e-filing (otherwise known as electronic filing) makes the task simple …
Launching a new business takes hard work — and money. Costs for market surveys, travel to line up potential distributors and suppliers, advertising, hiring employees, training, and other expenses incurred before a business is officially launched can add up to a substantial amount. The tax law places certain limitations on tax deductions for start-up expenses. …
Do you drive your car for business purposes? The costs of operating and maintaining your vehicle are potentially deductible. Here are some guidelines. Two Methods The IRS provides two basic methods for computing deductions for the business use of an automobile. Actual expense method. With the actual expense method, you deduct the actual costs of …
Did you know that there are many types of businesses that are strictly regulated and controlled by the government? My mom once had a great idea to start a cooking business out of her home. Needless to say, that didn’t last long when the city inspector heard about it. ?It would have been too costly …
Business definition for the week: ?CAPITAL? Capital = This is money that is going to be invested in a business. For example: ?I am starting my business with $5,000 capital? This is your PERSONAL money that you have invested into your small business. When you first opened a business checking account you probably didn?t have …