Have you decided to start your own business? The Internal Revenue Service (IRS) has some specific requests you need to fulfill when starting a new business. This checklist is a good place to start implementing your action plan. Even though you might have heard it before; begin with the basics by writing a business plan. [...]
Archive for the ‘Finance’ Category
Posted in 
Tags: 
Value Each Dollar to Create Wealth!
Posted by admin on January 18th, 2011
Picture this: you are reading a business journal when you come across an interview of an individual who has really made it big in life. You read the interview and are amazed at the individuals possessions – big house, fast cars, and luxury cruise ships.However, the individual also tells the interviewer that making it big [...]
Preparing Income Taxes – Proving a Business is Not a Hobby
Posted by admin on January 3rd, 2011
Can you prove, beyond doubt that your small or home-based business expenses belong on IRS Form 1040 Schedule C, Profit or Loss from Business (Sole Proprietorship)? The Internal Revenue Service (IRS) has strict guidelines that determine whether or not a business activity is carried on with the intent of generating a profit? In this country, [...]