Home Business Tax Tips

Uncle Sam is Serious About Home Business Taxes

The tax season isn’t necessarily a joyous time of year, but home business owners who are familiar with some handy tax filling tips can usually survive tail in tact.

Of course, there are some general issues that every home business owner should be aware of. First of all, it is important to make sure your home business qualifies for some of the deductions you may already be counting on. To do this you must ensure that your ‘office’ is a dedicated space and has been used continuously for this purpose.

Tax Calculations Don't Have to Be Complex

Secondly, it is necessary to have proper records. Hopefully, last year’s spring cleaning didn’t get to the receipts and expense accounts that will be needed as proof of your claims. Many home business owners get caught unawares because they have either misplaced or discarded important documents. Don’t be one of them!

Finally, if you haven’t been introduced as yet, it’s time to get to know your common tax deductibles. This will help you to average your tax situation way ahead of time.

Related Article

A Guide to Home Business Taxes

Tax Tips for Small and Home Businesses

Homepreneur Business Idea – Day Care Services

Starting a Daycare is Hard Work

Many children under six are taken care of by people other than their parents. This statement will continue to hold true as long are there is a prevalence of two-income families, where both parents must work outside the home.

Aspiring daycare owners should bear in mind though, that a daycare service is much more than simply monitoring the children so they don’t get into harm’s way. There is immense responsibility involved because not only are you in charge of several children at one time, but modern day mothers also expected their daycare service to consider their child’s early developmental needs.

If you are seriously thinking about starting a daycare service in your home there are a few things you need to consider. The article How to Start a Babysitting Business covers them all nicely.

Owning a Daycare Can Be Very Rewarding

There are also some general issues that should be factored into the entire equation. If you are going to become a homepreneur you should run through your Checklist for Starting a Home Business.

Best Blog Posts I’ve Read This Week 21st – 27th Feb

February 28, 2010 Leave a comment

On this fine Sunday morning I figured, what better way to start the week than with a medley of some of the most interesting and useful posts I’ve read from my fellow bloggers.

To that end, I’ve compiled a short list of fantastic reading material to supplement your daily or weekly reading digest. 🙂

SEO Tips that the Experts Don’t Always Tell You from The Small Business Blog

Best Small Business Franchise Ideas to Start from Home Based Small Business Ideas

Avoid Planning Paralysis with the One Page Business Plan from Blogtrepreneur

How Do You Budget? from PT Money

The Best Duration for a Podcast from Thinking Home Business

I hope you enjoy them as much as I did! If you have any suggestions of posts you’ve read then by all means share a link in a comment.

Look out for some more next Sunday!

Homepreneur Mistake: Not Taking Your Business Seriously

February 25, 2010 Leave a comment

Clowning Around with Your Business

Running a home business doesn’t always get the respect it deserves. Some people may feel like your business is more of a hobby than an income earner and you may need to spend some time justifying what you do all day to make your money.

Of course, the attitude of the home business owner contributes enormously to how the business itself is perceived. Simply put, if you were unable to explain in a concise manner what the nature of your business is you may not capture the respect of your audience.

While the aim is not simply to get the admiration of those you meet, the inability to market your business at a moment’s notice is a lost opportunity to sell your product or service to people who may potentially become clients or a source of referrals.

If you are guilty of downplaying your business then you should take a look at How to Take Your Home Business Seriously and The Dangers of Not Taking Your Home Business Seriously for more insight.

In the video presentation below, real entrepreneurs tell their secrets to success!

As usual Homepreneur would love to find out what your thoughts are on the topic. Do you take your business seriously and how do you show it?

Homepreneur Business Idea: Online Writing

February 24, 2010 Leave a comment

Freelance writing has taken off as a career choice because of the ease with which it can be started. For literally no money down and armed with a computer, fast internet connection and a decent word processor aspiring writers can Write Articles that Generate Income and this in itself might seem like a Good Reason to Pursue Writing as a Career.

There are many ways to make money from writing online. Freelancers may be able to pick up Tips for Making a Living Writing Articles for Helium or find Legitimate Sites that Pay Writers but one of because time equals money in the world of freelancing one of the most important skills is to find out How to Write Lots of Articles Quickly.

If you are interested in becoming an online freelance writer you should also know How to Increase Passive Online Writing Income and pay close attention to the Steps to Freelancing Success.

Homepreneur would like to find out if you found these tips useful, so please leave a comment or a question!

Finding a Balance Between Work and Home Life

February 22, 2010 Leave a comment

Running a home business has the allure of forfeiting the hassle of the morning commute and spending more time with family, but the reality of the pressures involved in keeping  a home business afloat are often enough to drive some newbie homepreneurs into despair.

The increased responsibility of being all things to all people both for the business and your family can send you into a severe tail spin. Luckily there are ways to strike a balance between work and home that can bring some peace and satisfaction back to the decision of becoming a homepreneur.

Related Articles

Productivity Tips for Home Based Businesses

How to Keep Children Occupied When You Work From Home

How to Balance Family and Career

Homepreneur would like to hear from you! What are your secrets for finding time for family but still getting the work done?

Homepreneur Mistake: Poor Time Management

February 19, 2010 Leave a comment

When you work for yourself getting everything done can be a monstrous task, but when you run your business from your home it gets even more complicated. Operating a home business can be an added challenge because not only are there business responsibilities but there are also things that need to get done around the house and for family.

Part of making the move to start a home business is often the urge to spend more time with family but when the rigors of being in charge set in, home business owners often find that there aren’t enough hours in the day to do everything that needs to get done.

Related Articles

How to Control Distractions When You Work From Home

Productivity Tips for Home-Based Businesses

Five Ways to Add Two Hours to Your Day

How to Manage Time When Working From Home

Productivity Tips for People Who Work From Home

Time Management Tips for Work

However there are many little tricks that home business owners can use to squeeze as much productivity out of their day as they possible can.

The links provided above are some extremely useful articles that itemize unique and creative ways to get everything on your to-do list checked off before it’s time to turn the lights out. The great news is there may even be time to spend some quality time with family before going to turning in for the night.

Isabel Isidro of PowerHomeBiz.com also had some interesting things to say on How to Manage Your Time Efficiently.

Don’t forget to let me know what you thought of the tips or make some suggestions of your own. I’d love to hear from you!