Home-based Business Start-Up – Beware of Energy Rip-offs

Mindset is everything when it comes to stepping out on a limb to try something new. Everybody will encounter various obstacles because that’s just life. Everybody comes to the table with skills and experience they have acquired along the way. Some will need to learn more than others. It is not just technical (computer/Internet) or marketing and sales skills that will carry the day. In fact without the right mindset nothing else will ever have a chance.

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The worst motivation killers are as follows: Being unrealistic in your expectations as far as time. You somehow got it in your head that everything is instant or miraculous and that success just comes because you want it to. Which leads to number two: When you don’t see any results immediately you will become discouraged and skeptical. When you realize you will need to really work

Self-Employed – It’s Tax Time!

Naturally if you owe money it is not your favorite time of year and if you are owed money you can’t wait to file. You can file any time after January up until April 15. Actually if self-employed you are expected to file quarterly estimated taxes. What you may not realize is you can get around this by paying a small fine each year. Some people would rather have the money on hand for emergencies and don’t mind the fine. Probably best if you can pay quarterly as you always want to save money wherever you can.

You would need to file form 1040 with Schedule A to itemize deductions. You also need to include schedule SE for the special tax they have for self-employed people. Then there is Form 8829 for use of your home for business, with which you can deduct a percentage of expenses such as utilities, rent or mortgage, etc. This all goes with Schedule C, Profit and Loss from Business.

Always consult with the IRS website (irs.gov) to be sure what is required for th