return (3)

10744061866?profile=originalOver the years, I have had the privilege of consulting many first time business owners. One of the most common concerns that comes up is the fear of owing taxes on the money they earn. So many cash based business owners avoid taxes altogether. If you're considering ignoring taxes this year, here are five reasons to file a return for your business.

 

1. Retirement Savings

In order to save for retirement you must know how much money you're making in business. This not only requires good money management but tax strategies, as well. A component of funding your retirement includes credits to your social security account. When you're self-employed, the payments that you make for Self-Employment tax are reported when you file your tax return. No return, no credit.

2. Business Opportunities

There are instances where tax returns are a requirement to business growth. If you are considering applying for certain business certifications, loans, or grants, for example, you will need proof of running a legitimate company. Certifications can open doors of opportunity to larger contracts and more income. However, one requirement of most applications is a filed income tax return.

3. Refundable Credits

A common tax myth that business owners have involves reporting zero income or net losses. However, you may be surprised at the tax benefits even when there is little or no profit to report. The Earned Income Credit, for example, is a refundable credit that can put between $457 to $5,666 in your pocket. If you qualify, the refund is extra money that you can use to grow your business or take a much-needed vacation. The choice is up to you.

4. Easy to Do

There are many options that make it convenient to file a tax return. Some choices include Do-It-Yourself tax software, electronic filing, and paid tax preparers who will prepare the return for you. Each of these are designed to take you through the process with ease.

5. Your Responsibility

Aside from the benefits above, another important reason to file is tax compliance. As a person earning taxable income you are responsible for filing a timely income tax return each year. Failure to do so can lead to late filing fines, penalties, and possible time in prison.

Now that you know why you should file, visit http://www.tbsusa.com and download my free audio to learn how to slash taxes and keep more of the money you make in business.

Read more…
Hard times are ahead and for some its already upon us. Only a few will take strong measures NOW to change their course of devastation. All are looking to the Internet for a business as their "pot of gold" when in "reality" your "pot of gold" is in you!It worked before in the earlier 1900's especially during the worst depression recorded on record. Ordinary people just like you, changed their fate by implementing one simple act in their daily routine. By doing so, many were able to live in "prosperity" and a few were able to live as the most affluent individuals of all times. They truly understood "there are no experts, only varying degrees of ignorance."A few of the affluent like John D. Rockefeller, once probably the most reviled man of his era, left behind for the human race riches as great as any man who has been on earth. Rockefeller practiced a formula from an early age and he taught his family, and the principle is still working for them today. He also revealed that his family did not accumulate its vast wealth for purely money's sake--a negation of the principle--for "Money itself is lifeless, impotent, sterile...but man with his brain, brawn and imagination, using money as servant, may feed the hungry, cure the diseased, make the desert places bloom, and bring beauty into life." "I have been brought up to believe and the conviction only grows upon me, that giving ought to be entered into in just the same careful way as investing."He was thoroughly and all-absorbingly in love with the principle. John D. Rockefeller embraced the principle and gave, and in return it gave, flooding abundance and wealth and prosperity over him almost beyond human power to count!And another, Andrew Carnegie revealed that the truly great fortunes were not received through the worship of money for money's sake. He said that there is "no idol more debasing than the worship of money." Andrew Carnegie practiced this principle and received in his lifetime more than $350,000,000.And another, Julius Rosenwald revealed that the truly great fortunes were not received through hoarding, but through circulating money--giving and receiving freely. He said "I believe that under no circumstances should funds be held in perpetuity." Julius Rosenwald practiced the principle and received in his lifetime more than $60,000,000.And lastly noted, Andrew Mellon, was a public figure, served as US Secretary of the Treasury. He practiced the principle in secret. He knew that no thoughts of others could possibly get into his mind to interrupt his application of the principle if no one knew of his system of multiplying his wealth. Andrew Mellon burned the notes of small debtors at Christmas time and gave away his money in large bundles with the greatest of secrecy. It is said that while Andrew Mellon practiced the principle, he received in his lifetime in excess of ONE BILLION DOLLARS.As the Psalmist said, "A seed shall serve him; it shall be accounted to the Lord for a generation." Most of these generations have passed. A new generation unestablished to follow the path has lost their way. Great wealth is not for everyone. For with it -- is great responsibility. However, prosperity is a birth-right for everyone who chooses to claim it.Join the Crusade! Share Prosperity with Expectation! Make it your business today to enlighten a new generation that their true "pot of gold" lies within them and can be had by practicing a simple principle consciencely and daily everyday. We have an opportunity to truly help another find their way to prosperity from sharing knowledge of the principle. To lay claim to something you truly do not understand will not work. Thoroughly learn the principle and apply it to your daily life. Practice it for a minimum of 30 Days; but its most beneficial for a lifetime.Click the link!There's no time to waste!Get started learning and applying the principle today!Angela aka Superstaressadmin@seedstothebarns.comPS. Think on this. It is said "for money's sake". What does that mean? It means when you focus on money and money only, its a curse of void, suffering, and long struggles of debt and lack. But when you practice the principle, you focus on what the money is for, the good it can do not only for yourself but for others too.After you click the link, swiftly go down to the bottom of the web page and buy the ebooks to learn the difference to help you change your focus. You'll get three (3) eBooks with relevent subject matter; however, Seed Money In Action is written in layman's terms, easier to follow allowing you to implement immediately.
Read more…
March, 2008Dear Supporter,I am writing to tell you about one of the most innovative, creative and well needed program implemented in the City of Cleveland by our National non-profit organization, Women Entrepreneurs Of America – PROJECT RETURN: ReIntegrating the Ex-Offender Program. Project Return is kicking off its long awaited program in the City of Cleveland and is preparing for the first round of servicing clients that are in need of our program. Ex-Offenders that currently attend a many of our meetings are benefiting from training and various workshops. It is our hope to service more clients various training, life skill workshops and mentoring opportunities.Members of our national organization will be donating their time and services. We are one of the few minority owned non-profit organizations to have implemented a program of this nature that is geared exclusively towards returning women back to society.We are in need of your help! We are in jeopardy of not solidifying our services due to the lack of funding to operate which will cause decreased enrollment due to the failing economy in the State of Ohio.$50,000 in Fifty Days (50/50) is a unique opportunity for us to help create an avenue to help individuals and businesses support more women returning back from the penal system in the metropolitan area. This fundraising opportunity will also help to raise funds for us to keep our operations open for many seasons to come. Your donation is 100% tax deductible and a scholarship in your name or businesses name will be presented on Saturday, May 17, 2008 during our Annual Gala Membership Drive and Red Carpet Awards Event. The 50/50 challenge target dates are April 1 through May 31, 2008.In the spirit of our Annual Gala Membership Drive hosted in Cleveland, Ohio, we will strive to reach this amount through actively soliciting donations from community partners like you. We are always sincerely grateful for any donation that you make towards this cause. A contribution may be given in the form of cash, business check, money order or certified funds made payable to WEA, Inc.: PROJECT RETURN and sent to the address below. Additionally, all donations are 100% tax-deductible and a receipt will be provided at your request.Thank you for your time and support. I encourage you to learn more about Women Entrepreneurs Of America and PROJECT RETURN, and our upcoming events. For more details on our wonderful beneficiaries please visit our web sites at www.freewebs.com/weainc/www.freewebs.com/projectreturnor by calling the WEA office at (216) 990-9750. Thanks, again!Sincerely,Yolanda Lamar-Wilder, Women Entrepreneurs Of AmericaPROJECT RETURNFounder and Executive Director8432 East 42nd PlaceIndianapolis, Indiana 46226
Read more…

Blog Topics by Tags

Monthly Archives