Business owners may be inseparable from their businesses, but they still want to believe the business debts are not their own. Business credit card is an oxymoron in the world of small business. The card may be marketed for use in your business, it may be touted as an attribute of your-life-in-business, but at the…
Category Archives: Business
The Tax Man And The Myth Of Self-Employment Riches
If you’re looking at self-employment as a way to get out of debt and make a killing financially, think again. It’s not as easy as it looks. When I first went the self-employment route in 1995 I did so with the expectation that I’d make a lot more money. There would be no bosses through…
DOs And DON’Ts Of Self-Employment
Since the job market is so bad, a viable solution to making a living might be to work for yourself. Join the ranks of the self-employed. Here are some “DOs and DON’Ts” to get you started: DO find a business that is needed in your area. If the only seamstress in town has just retired,…
Homing In on Starting a Home Business
Whether it’s earning extra money to pay for a few of the nicer extras in life or providing a lone source of working income, a home-based business can be attractive for many reasons. Flexibility to spend more quality time with family, the pride that successful entrepreneurship brings or just the fact that you like being…
Running A Business: Corporate Formalities
There are several different forms that a small business can take. One of the most common is a corporation. That kind of structure will do several things for the business. It can provide tax saving, and, probably most importantly, it can create a liability shield for the owners. That means that in the event the…
Starting a Business? What form should it be?
There are several different forms a business can take; from a sole proprietorship to a complicated corporation. Which one is right for you will depend on many factors. Let’s look at the 5 major forms: 1. Sole proprietorship: This is by far the most common form for a startup business. It requires almost no legal…
Paying Taxes Monthly
My friend and colleague, Cathy Moran, wrote an excellent post about paying estimated taxes monthly instead of quarterly. A great idea if you are struggling to make those quarterly payments. And, let’s face it, as she points out in her post, a quarterly payment can be overwhelming. This is true, not only for your estimated…