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Further
Reading ...
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The 8 Myths About Creating Wealth - Nikola Grubisa
You have probably read or heard about various myths (these are the truths that are valid only for certain cases, but not in general) surrounding wealth and wealthy people, all of which hinder your quest for financial independence. Here are the ...
How to plan a website to market your home based business part1 - Kathy Joyce
How to plan a website to market your home based business part1 If you plan to start or already have a home based business then a website is something you should give serious thought to. It's an inexpensive way to market your products and services....
Do you Know the Benefits of Checking your Credit Report? - Mary Arce
Do you know why you should check your credit report? Of course you do, because you have undoubtedly experienced one working in your life! No matter where you roam, your credit report follows you through life, updating all aspects of your life:...
How to Shrink Your Phone Bill - Brad Dudley
Most people don’t think it makes a difference which long distance provider they choose anymore. But, fact of the matter is, if you are still using one of the big three, you could save up to 60% on your monthly phone bill. If you know what you...
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No Job's Finished Until the Paperwork is Done
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Written By:
Peggy Hazelwood
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That time of year is quickly approaching... I'm talking
about dreaded taxes! To make tax time easier this year
and certainly next year, read on.
As is the case with many other small business owners
I've talked with, taxes, recordkeeping, and all that
darned paperwork are the hardest and most unpleasant
parts of running your own business. However, I have
established a system for tracking my antiques and
collectibles business inventory and expenses, which
keeps headaches to a minimum.
Keeping Uncle Sam happy (KUSH) is important, too!
Numerous books on small business operation are available
today. I suggest visiting a local bookstore or library
and just sitting down with a stack (and there are stacks
of them!) to see which one works best for you. My
inventory-tracking system works for me because it's simple.
I don't like to do this part of my antiques business, so
I have to keep it simple or it would be overwhelming. But
as long as I stay on top of things, I'm fine. I estimate
that I spend four to six hours a month at the task of
recordkeeping (a little more than - continued below ...
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continued ...
one hour per week).
I keep an inventory sheet that has five columns: Inventory
Number, Description, Purchase Price, Marked (Sold) Price,
and Date Sold. Using this simple method helps me track what
I've purchased and for what price as well as when it sold.
To track expenses other than inventory, I use a relatively
simple software package (Quick Books) on my computer that
totals the numbers I input. The same results can be
realized by using a good old notebook, writing down the
date of purchase, where purchased, and purchase amount,
and totaling the amounts yourself.
Tax preparation is not what I call fun, so I use a tax
preparer. For a little more than $100 a year (which is
tax deductible), he does the dirty work, and I keep my
sanity.
Good luck in the "business" end of your business!
About the Author
Peggy Hazelwood is the author of From Old to Gold: How
to Start and Run an Antiques Business, $7.95 ebook
available at the Albooktross E-bookstore,
http://www.albooktross.com/, in the How To category.
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D-BUST Your Computer – Part 3 (for Microsoft users) - Janet L Hall
D-BUST Your Computer – Part 3 (for Microsoft users) By: Janet L. Hall U stands for Uninstall Does it seem like your computer is starting to slow down or get sluggish? Do you have programs, shareware, executable files, e-books, or games that you no...
Back It Up or Lose It - Joann Javons
"That won't happen to me" is how many of us think about a computer crash that could wipe out our files. But you don't need to have a computer crash to lose all of your files, folders, programs, and emails. You could lose them because of a power...
Quick Tip - Effective Meetings Have a Complete Agenda - Steve Kaye
Most agendas for a meeting look like this. * Budget * Payroll * Staff * Sales * Vutszxtn Some people would tell me, "That's a perfectly good agenda. I know what all of those things mean, except, uh, 'vutszxtn'." The point is, vutszxtn means as...
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