Think about where you might be if you didn’t have your home business. Some people live solely off their home business, while others use it to supplement their income. This article will give you ideas about how to grow your business into a prosperous enterprise.
Keep up to date business records. While you might think that the IRS isn’t interested in someone’s small home business – they are. In fact, one of the things that the IRS monitors closely is business income. Keep a daily log of all purchases and income. Keep all receipts and update your information weekly, whether using software or manually writing it in a ledger. When tax time comes around, you will be happy that you did this, as your tax return will be that much easier to prepare.
Your office needs some sort of door or “barrier”. Your office needs to be separate from the …
