Home Based Business

RE: How To Set Up a Home-based Business

countryboy — Mon, 21 Sep 2009 01:29:08 GMT

very good. Not sure how much it help me with what I am doing. on this business.

RE: How To Set Up a Home-based Business

terra_cotta — Wed, 18 Mar 2009 21:52:10 GMT

I could have used this checklist when I started my home business. I never really thought that I'd meet with my clients and distributors at home.

For those who have home businesses that require a lot of shipping costs, like mine does, I highly recommend avoiding the post office in favor of a digital scale through Stamps.com. You can weigh your mail, print postage out of your printer and send it out. It really pays when you know you're mailing something that's more than 42 cents, but you don't know how much more and don't want to waste postage guessing. It really cut down on the time I spent waiting in line, and you know that old adage about time and money...:)

RE: How To Set Up a Home-based Business

EagleHill — Thu, 15 Nov 2007 17:52:29 GMT

Good basic checklist. One thing more to add: start a separate ledger on what you paid for your house and then add all of the IRS allowed capital addition totals, for a new IRS tax cost basis. You will need this tax cost basis when you determine how much of your house cost is deductible each year for your business. You also actually need this separate ledger if you ever sell your house to determine if you are under the $500,000 capital gain allowed before taxation starts on any gain you might have on the sale.

RE: How To Set Up a Home-based Business

UniqueArt — Wed, 07 Nov 2007 17:48:56 GMT

This is a very informative check list. It cuts to the chase and supply the information a lot that is obvious but sometimes overlooked.

RE: How To Set Up a Home-based Business

ScubaDive — Sun, 22 Jul 2007 20:29:28 GMT

This is a good quick list of the important details for a home office. I would like to read a more detailed article about the ins and outs and the finer points of having a home office. I know that there are rules about calculating square footage and this would be helpful to learn more about the key areas of deductions and the areas which the IRS audits the most.