Home Business Ideas and Opportunities

Any ideas for home based business opportunities?

admin — Sat, 04 Feb 2012 07:53:16 +0000

I am disabled and am looking for a legitimate home based business idea or something I could do at home to make a small income. There are so many scams out there.
Thanks to all for your answers. It seems that even though people say "this is not a scam" I have looked into all the answers. Some have not answered my e-mails yet, but so far they are answer lots of these surveys and sign up for lots of things(magazines, credit cards…) and we will send you 75 cents.

check out http://www.firstinforeview.com they give you free information on how to start an internet business.

What are the top home based business ideas with minimum start up costs?

admin — Fri, 03 Feb 2012 05:18:12 +0000

Has anyone been successful with starting a moderately successful home based business with little to no start up costs? How long have you had it? And is it worth the effort?

Several months ago I was wondering the same thing. I didn’t have much money and my friend told me about Two Sisters Gourmet. I didn’t really like to cook and I didn’t have much time, but I am so glad that I decided to join. Two Sisters Gourmet is a totally different company because we actually have an interactive pary experience, where the guests become cooks for the night. Friends and family get together, choose from one of our menus, and have an exciting party cooking and socializing together. My first party I made $125 in two hours. Things have been moving up ever since. Everyone wants to have a TSG party because the food is great and it sells itself, everyone loves to eat! The cost for the kit is $140 or $80 and for every show that you have you earn 5% in business credits so that you don’t eat up your profit buying more products, it’s more than enough to cover your expenses. It is definitely worth the effort, my self esteem and determination to do better each time have changed my life and outlook on a dead end job. My website is www.twosistersgourmet.net/web/jbariteau You will not find any negative information about Two Sisters Gourmet, just research it!

How to start a home based business selling cookies ?

admin — Mon, 30 Jan 2012 09:06:10 +0000

I want to start a home based business selling baked goods and I wondering how I go about it I was thinking of sitting up a kitchen in my basement (Finished) so it would be away from pets which are on the main floor. How do I go about packaging and do I need a license ? What do I need to do to get started ?

Join the girl scouts? Just Kidding you will need a health permit. A friend is a personal chef and needed to do the same.

What is the best home based business to start with little investment?

admin — Sun, 29 Jan 2012 02:18:11 +0000

I’ve got two jobs, and want to start up a home based business. I’m thinking of an idea bank or teaching. But how can I make a mark? And what businesses are hot right now?

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What is reasonable for a home based business to charge itself for rent?

admin — Wed, 25 Jan 2012 05:44:20 +0000

I am 1 of the 2 partners in a home based business which currently is run out of my partner’s home. The business consumes space and also utilities. I am trying to come up with a fair rate for rent and a fair calculation for the use of utilities based on what is used for the business. Can someone suggest a guideline here?

I personally don’t feel that the company should be charge full fair market value for rent since I believe it’s a convenience to be able to work at home. Does anyone agree or am I way off here?

Although it is completely legal to use a home based office as a tax write off, be aware that it is one of the HUGEST RED FLAGS in a home based business. The IRS has very specific guidelines that need to be followed and unless you plan to follow your deductions to the T… don’t do it. Look for other things that don’t send up red flags!

Just word of advise given to me by our tax attorneys.

Home-based Business. What if I have next to nothing coming in for how much I am deducting in taxes?

admin — Tue, 17 Jan 2012 07:01:07 +0000

I am looking into setting up a home based business as a part time thing. I have a day job and I would like to do this music endeavor on the side. I want this to be legitimate but I know I will be making very little money and writing off a lot in tax deductions. Does anyone have experience in with this type of scenario? Is there a reasonable expectation that IRS has around how much revenue needs to come in for how much you are writing off? I don’t want the Business to appear fraudulent although I have more to gain from a tax deduction basis.

The rule is that a business should make a profit in three of any five years. That is not closely followed! When the IRS does look at a business that has lost money for some time they are looking at the efforts being made to conduct the business in a manner that would produce a profit. empirically they are less concerned about such a part time business when the individual is making a substantial taxable income and this "side" business is not used solely to cover that income.

Ending a home based business – what are the tax implications?

admin — Mon, 16 Jan 2012 04:12:11 +0000

I’ve been writing off my home based business for the last few years. If I stop using that portion of my home solely for my business, how do I indicate that on my taxes?

Additionally, does anyone know of any resources that indicate what the implications are of stopping a home based business write-off?

I see lots of information on how/what to write-off for a home based business, but can’t seem to find anything on what to do when that ends.

You don’t show on your tax that you ended the business, but keep track of the depreciation allowed or allowable while you were claiming the home office deduction – you’ll need that number when you sell the house.

If I have a small home-based business and I have not filed any taxes in 3 years, what are the penalties?

admin — Sun, 15 Jan 2012 02:46:07 +0000

Let’s say that I’ve calculated most of the 2003 year and have concluded that I didn’t owe any taxes for 2003 and 2004 but instead am due a refund.

I’m working to get a good accountant but find that most don’t know about tax shelters, estates, or any of the small business (home based) irs laws.

Please, this is serious. Don’t respond if you don’t have a quality answer for me.

You will not be assessed any interest or penalties for filing late since you are due a refund, and you will not be paid any interest on the refund either.
As to tax shelters, most have to be registered with the IRS. Estates and trusts are a unique animal and are usually only in demand from high income individuals. I find it hard to believe that a CPA would not understand the home-based business rules since that type of enterprise has been popular for many years. You didn’t state what part of the country you are in, and many states (and counties) have funky rules regarding these businesses. You should contact the home office of the company you represent to request referrals of accountants in your area. Good luck

Can I rent a space to use for home-based business?

admin — Mon, 09 Jan 2012 05:47:03 +0000

Without going into tons of detail, I have a home-based daycare and birth services business, my house is getting too crowded w/ my husband now working from home, is renting an apartment to use for home business an option, considering all zoning laws, etc, (assuming of course I found a landlord okay with it)??

You would have to find out what the zoning laws are in that city, however, why don’t you rent a commercial piece of property?

I have an internet-based home business in Illinois – how do register this with the State? Do I need to?

admin — Sun, 08 Jan 2012 02:32:26 +0000

Do you need to register a sole propeiter-ship? Do I need a business license for a home-based business?

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