How Much The Average American Can Save On Taxes By Having A Business

Many would be entrepreneurs hesitate to start their own business because they think it is too risky from a monetary perspective. In fact, most people don’t think starting a business is even worth trying unless they can come up with a grand slam profitable idea. Of course profitability is an extremely important factor with any business, but what if I were to tell you that you could save a decent amount of money every year with your business while only making a small profit or none at all? That’s right! Most people don’t consider the tax savings involved in running […]

6 Ways To Speed Up The Loading Of Your Website

Your website could be the most beautiful site in the world but it does you no good if it takes forever to load. Let’s face it. People are impatient and a slow website prevents potential customers from completing their purchase. When I go online shopping, I expect pages to load at worst within 5-10 seconds. Any longer than that and I get antsy or I leave the store altogether. Sure, some people may be more patient than I am but why take the chance? Play it safe and make your business website as fast as possible. Photo By Meddygarnet Before […]

Breaking Down The 100K A Year Barrier With Your Small Business

Several of my friends and acquaintances that follow MyWifeQuitHerJob.com find it hard to believe that our online wedding linens business can possibly make 100 thousand dollars a year in profits for selling to such a tiny niche. And they are correct. We don’t make 100K a year. We make much more than that now that our business has expanded and we are more established. Photo by Borman818 While a six figure profit number might seem like a lot of money at first, getting to 100K a year is actually not an insurmountable task when you look at the number in […]

Small Business Resources And Where To Find Help- The Ultimate Small Business Startup Guide Part 7

Especially if you’re a first time entrepreneur, starting your own business can be quite overwhelming and it helps to know about the small business resources at your disposal. After all, there are many rules from both an accounting and a legal perspective that need to be followed or you risk getting penalized by the government. Sometimes unexpected problems or disputes will arise in which you will have no clue how to proceed. That is why it is essential to have an experienced professional available to consult with when things become complex. At a bare minimum, you should find an accountant […]

Small Business Accounting And Bookkeeping Can Be Fun – The Ultimate Small Business Startup Guide Part 6

This is part 6 of a 7 part guide on how to start a small business. In this lesson, you’ll learn about small business accounting and bookkeeping. Probably the most boring and tedious part of running a business is keeping track of earnings, expenses and maintaining “the books”. For me personally, I hate tallying up the numbers and documenting all of my expenditures, mileage etc… Hell, I have enough problems making sure that my checking account is balanced every month! But over the past few years running our online wedding business, I have come to realize that while keeping accurate […]

Hiring Employees Vs Independent Contractors For Your Small Business – The Ultimate Small Business Startup Guide Part 5

This is part 5 of a 7 part guide on how to start a small business. This lesson will cover whether to hire employees vs independent contractors for your business and the rules and regulations that are involved. Given enough time and hard work, your business will eventually take off and you’ll find yourself needing additional help in order to expand. If you are looking to hire your own workforce, there are many things you need to consider. For starters, there are 2 basic types of help that you can hire, employees and contractors. And ultimately, the type of workers […]

Business Expenses: How To Take Tax Deductions On Your Car, Home, Travel, Meals & Equipment

Most people dread tax season when April 15th comes rolling around, but I actually get excited and almost giddy. The reason is not because I enjoy filling out paperwork and paying the government large sums of money, but because it’s only during tax time that I fully realize how large of a tax deduction I can take on my business expenses every single year. Most people get caught up on the sidelines doing research and debating whether their business idea even has a chance, but they are missing the point. They don’t realize how much money can be saved by […]

How To Get A Sellers Permit, Fictitious Business Name And FEIN For Your Ecommerce Business

Even though it’s not technically difficult to officially register your business with the US and state government, it can be quite intimidating. When my wife and I first started our ecommerce store, we were scared of screwing everything up. What if we got audited? What if we forgot to obtain a permit or fill out some crucial paperwork? The good news is that it’s not that complicated to fill out the forms. The bad news is that all of the information can not be easily found in one centralized location. For example, when you file with your state, they’ll have […]

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