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Home Biz Notes

Archive for the ‘Taxes’ Category

July 7th, 2008

Is Your Home Business (Writing or Otherwise) Considered a “True” Business?

HomeBizNotes.com
Jean Murray, at Small Business Boomers, has a great post with information about what the IRS (Internal Revenue Service in the US) considers a true business. You might like to check out her, Boomers Retiring to “Fun” Businesses: Is birdwatching a business?
She mentions some of the criteria the IRS uses to determine whether you’re […]

By Mary Emma Allen -- 0 comments

June 20th, 2008

Home Business Tip: Record Keeping Is Vital

 HomeBizNotes.com
Keeping records, for tax purposes and to determine whether you are making money, is vital in a home business. You don’t simply put the money you collect into a “cigar box” and feel it’s free and clear because it isn’t a fortune.  You have expenses, too, that detract from that money.
You must set up […]

By Mary Emma Allen -- 1 comment

April 13th, 2008

Are You Taking Your Home Office Business Deduction?

HomeBizNotes.com
Throughout the b5media Business Channel this month, we’re guest posting at one another’s blogs.  Jean Murray, co-blogger at Small Business Boomers has written a post about taxes.  For those of you who are taking a last minute approach to your taxes (in the US, they’re due Apr. 15), Jean reminds you about the home office business deduction.
Are […]

By Mary Emma Allen -- 6 comments

March 19th, 2008

A Spree…All For Free(?)…With A Tax Rebate

HomeBizNotes.com 
We’ve been discussing, here at the Business Channel, after Jennifer Hofmann at MyOrganizedBiz initiated a tax rebate daydream meme, how we’d spend ours.  Most have been assuming $600, but is appears in some cases it may only be $300. 
Supposedly it’s all for free.  However, somewhere, somehow, and by someone, the money will have to be paid.  […]

By Mary Emma Allen -- 2 comments

January 28th, 2008

Is Your Business Fueling Childhood Obesity & Poor School Performance?

HomeBizNotes.comDepending on the products you sell or the services you provide, you may find an additional tax on these items if you live in New Mexico (USA).  According to an article at Levine Breaking News, US State Wants to Tax TVs, Video Games to Fight Fat, Fund Education, a Democratic lawmaker, along with the Sierra Club, […]

By Mary Emma Allen -- 0 comments

January 26th, 2008

Will Your Business Be Affected By Tax Rebates?

HomeBizNotes.com
With this talk about tax rebates to stimulate the economy in the United States, do you wonder how it will affect your home business?
If the rebates do go through, who will pay for them? There’s no free lunch, much as some people think there is. Someone has to pay.
So will our taxes eventually go up […]

By Mary Emma Allen -- 4 comments

January 13th, 2008

Win Free Tax Software For Your Home Business Tax Horror Story

HomeBizNotes.com 
Tax time is approaching so you’ll want to get all your facts and figures together.  Kelly Erb at Taxgirl is sponsoring a contest, Win Free Tax Software on Taxgirl, with the prize being software from TaxAct for five lucky winners.
All you need to do is post your tax horror story in the comments section of Kelly’s […]

By Mary Emma Allen -- 0 comments

December 30th, 2007

Tax Time Approaching For Home Business Owners

HomeBizNotes.com 
With the end of the year in sight, our minds will be turning to taxes…at least for individuals and business owners in the United States.  What can we still deduct, purchase, invest?
Kelly Phillips Erb at Taxgirl has some answers to tax questions in Ask the Taxgirl: Blogging Reviews .  As blogging reviewers, product testers, book reviewers, […]

By Mary Emma Allen -- 0 comments

December 17th, 2007

Taking The Tax Temperature of Your Home Business

Where do you stand taxwise in your home business?  Have you been keeping up to date on taxes, insurances, and other planning? 
Now is a good time to take the “tax temperature” of your business and determine whether there is anything you can do in the remaining days of the year.  It’s also time to look […]

By Mary Emma Allen -- 0 comments

November 18th, 2007

Tax Time Is Coming for Home Businesses!

The end of 2007 is approaching faster than most of us would like to think about…and that means we must consider wrapping things up taxwise.
Kelly, at Taxgirl, will be answering year end tax questions about charitable donations, individual tax planning or reporting.  For submitting your question, Ask the Taxgirl.
Tags: home+based+business, Home+biz+notes, home+business+taxes, Kelly+Phillips+Erb, tax+filing, Tax+girl, taxes

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By Mary Emma Allen -- 1 comment

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