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It is painfully obvious that the government can not take care of everyone because the government is everyone
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Most bosses are worried about their job, let alone ours
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Out-sourcing is not going away
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Pensions are drying up
Running your own business from home is back in -- but not for lifestyle reasons. How to avoid getting stung when you leave the hive? The ranks of the self-employed are growing twice as quickly today as they were in the late 1990s; over 25 million Americans will report some form of self-employment income to the IRS. Many of them, of course, are better described as the recently unemployed. Whatever description fits you, act fast: Now's the time for free agents to capitalize on tax tricks, outfit their offices on Uncle Sam's dime, and get set up with benefits
Office Space
After you've decided what your business is going to be, you need to decide where to work -- in that spare bedroom or in rented space downtown. If you work by yourself and don't need to meet with clients regularly, a home office may be your best bet. Lunch from your kitchen is cheaper (and often tastier,) and you can deduct the cost of home Internet access as a business expense. But with high vacancy rates and commercial rents falling fast, you should be able to find office space that will boost your professional image without breaking the bank .
Accounting
If you're a receipts-in-the-shoebox type, you need to get organized - invest in Quickbooks Pro.
Legal Department
You don't have to incorporate to go into business for yourself -- but you might want to. Sole proprietorships are more likely to have trouble with the IRS: 1.6 percent of returns filed with a Schedule C are audited, while fewer than 1 percent of incorporated small buinesses receive additional scrutiny on their tax returns. Similarly, the IRS audits only 0.25 percent of the partnership tax returns it receives -- something married free agents should note, since you can always make your spouse an owner and file as a partnership.
Human Resources
Look in the mirror: You've just met you new HR director. And you couln't be filling that role at a more opportune time, since those 535 wise folks on Capitol Hill have recently given several legislative gifts to the self-employed. For example, you can now deduct 100 percent of the cost of health-insurance premiums.
Opportunity
- There are more potential buyers and suppliers globally than ever
- Technology is making the connection and management possible and affordable
- Changing societies require new solutions
- Government incentives increase annually
Here are a handful of 21st Century solution providers - Biz Opps equipped to perform in the global economy
Check out Services for helpful resources
Equal Opportunity Ownership - Anyone qualifies who wants too. Enroll today!
It's a Beautiful Story!
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