Home-based business owners can enjoy some big pluses come tax time through the deductions allowed for the business use of the home. While deducting the cost of operating out of your home can help you save on taxes, complying with IRS regulations can be a little daunting.
I am co-owner of a small print shop. How can I get equipment financing if our business credit is poor and we’ve had past bankruptcies?
I want to start a small business, but I have no money. I have been hearing about government giving money through grants. How can I get grant money to start a business?
It might seem begging, borrowing and stealing are the options you have to funding your home business. Not only is there better ways to raise money, but there are fun ways to do it too and it doesn’t have to take you all that long to raise the money you need.
There are two kinds of capital: debt and equity. Both kinds are typically used by a company during its lifetime. Lenders have different objectives than investors and therefore look at different factors about a company when deciding whether or not to invest or make a loan.
All of the planning in the world is an exercise in futility without the working capital to successfully carry out the plan. If a business sells to customers on terms, then working capital availability is dependent on cash flow timing.
The stock of an S corp may not be held by a self-directed IRA. Alternatively, it may be possible for a self-directed IRA to make a loan to an S corp. BUT, if the loan is made to an S corp (or any other entity) that is owned 50% or more by you or a “disqualified person” as defined by the IRS, this would be considered a “prohibited transaction.”
How does the owner of a business see the business profits of his venture at home? For example, does the owner himself also receive a pay check, or is he allowed to simply remove money from the account of the business he owns?
What advice would you give for someone that hasn’t keep up with their personal taxes and sales and usage taxes. Can you tell me what to do to get this straighten out.