BizMove Home Business

Free Work From Home Business Ideas

Free Small Business Templates and Tools
Here's a collection of business tools featuring dozens of templates, books, worksheets, tools, software, checklists, videos, manuals, spreadsheets, and much more. All free to download, no strings attached.
► Free Small Business Templates, Books, Tools, Worksheets and More

Home Based Business Management Tips


Don't Get Caught under the Table: Make Your Business Legal

Operating a legitimate Home Business on a full- or part-time basis may require taking certain legal steps to protect yourself and your venture, including the following:

* Get an employer's ID number if you have employees or are incorporated or in a partnership.
* Obtain a federal license if your job is covered by federal laws, such as those who are investment advisors or firearms dealers; similarly, make sure you have any required state and local business licenses.
* Obtain the trademarks, copyrights or patents needed to protect any products or services you have created.
* Incorporate or form a limited-liability company or a partnership if you are not a sole proprietor and are working with other people.
* Find out if you are required to collect sales tax for your product or service. If so, register with the state agency responsible for collecting sales taxes.
* Register your business name if you are using a name other than your own or a variation thereof.

Consult a lawyer or the appropriate government agencies in your city and state if you're not sure how these requirements may apply to your business or locale.

Don't Be Intimidated by the IRS: Claim Your Deductions on Your Home Business Income

Whether you live and work in a house, apartment or condominium, you can deduct the cost of operating and maintaining that part of your residence used for business if you meet the basic criteria established by the IRS for a home office.

According to the IRS, the portion of your home you wish to claim as a tax write-off must be used exclusively and regularly for business.

In addition, the portion of your home you use must be either your principal place of business or a location where you meet with customers or clients in the normal course of business activities.

If you qualify for a home-office deduction, you can deduct a variety of expenses such as your mortgage payments and capital improvements, pro rated for the portion of your residence used as an office.

As a self-employed individual, you can also deduct numerous ordinary business expenses, from the cost of operating your car to dues you pay to professional and trade associations. However, be sure the IRS considers you a self-employed individual or independent contractor rather than an employee. The rules on this issue and on expense deductions can be tricky, so it's wise to consult your accountant for clarification.

Don't Take Risks: Get Needed Insurance

Many home-based firms don't realize that their home-owner's or apartment dweller's insurance may not protect them against three basic business contingencies:

* Home/apartment insurance usually doesn't cover business property. Consider purchasing business property insurance to cover your computer and other office equipment and furnishings.
* Home/apartment insurance usually doesn't cover liability for accidents or injuries to customers or business visitors. Consider purchasing a rider to your policy to cover anyone who comes to your home on business.
* Standard auto insurance usually doesn't cover damaged or stolen business property. If you use your car for business, be sure to indicate that on your policy and pay the additional amount required.

Finally, depending on the nature of your business and the level of risk you want to assume, you may also wish to purchase any of the following:

* Malpractice or errors or omissions (E&O) insurance to cover you against claims that your product or service harmed someone or caused a business loss.
* Disability insurance to cover you against loss of income should you become disabled.
* Partnership insurance to cover you against suits arising from the actions of any partners you have.

Sidebar: you are invited to visit our car insurance information section featuring a list of articles that may save you hundreds of dollars on your motor vehicles quotes. In full coverage auto insurance you'll discover helpful tips to getting cheap quotes. For information on how to get cheaper quotes on shorter terms see one month car insurance and also short term car insurance. For first time drivers information see cheap car insurance for new drivers. How about obtaining cheaper premium rates for mature women? no problem, look here, best insurance for new drivers over 25 year olds.

If you are interested in a half year duration see 6 month car insurance for helpful tips on the topic. How about getting more favorable premiums costs for younger drivers? see car insurance for 17 year olds and motor car insurance for under 21 and vehicle insurance for male and female under 25 years old. Here is another list of drivers insurance useful articles, As for helpful tips regarding no deposit premium payments see car insurance with no deposit and for a list of low cost brokers, agents and companies see car insurance with no deposit companies. Read the following informative article if you are looking for better rates for the young drivers in your family, cheaper vehicle insurance for young drivers. Now, for discovering new ways to get lower quotes go to general car insurance Read this article if your after high risk car insurance information.

How about getting a better deal on first time driver? just click the link. It may come a time that you'll be interested in canceling your policy, use this article for the instruction of how to do it. Our drivers insurance hub page features a list of guides that can surely help you get dirt cheap car insurance for teens drivers rates. For those of you who seek cheap quotes for a shorter term policy, read this article. and here are tips and advice for special interest groups such as young drivers and temporary insurance.

If you have first drivers in your family look here for useful advice regarding cheap drivers first car insurance on getting very very cheap car insurance quotes, other types of policies can include the following: no deposit car insurance, pay monthly, insuring classic cars for young drivers, getting better deal on cheap liability car insurance cost, locating good rates for new drivers. how about if you are interested in pay as you go auto insurance? yep there is a guide for you. And here is a list of car insurance companies cheapest. And the list concludes with a way to calculate car insurance estimate without personal information.

Disclaimer: While every effort is made to ensure that the content of this website is accurate, the website is provided “as is” and makes no representations or warranties in relation to the accuracy or completeness of the information found on it. While the content of this site is provided in good faith, we do not warrant that the information will be kept up to date, be true and not misleading, or that this site will always (or ever) be available for use. Nothing on this website should be taken to constitute professional advice or a formal recommendation and we exclude all representations and warranties relating to the content and use of this site.

Copyright © by Bizmove. All rights reserved.