Business Ventures With a Proven Track Record

Business Ventures With a Proven Track Record

If you are a new entrepreneur, you must be on a look out for those business ventures with a proven track record for success so that you can start generating income with the resources available to you.

The reason small business is mentioned is because, for a relatively new industry player or an entrepreneur, it is much easier to start off a business at a relatively lower scale.

It helps the entrepreneur to have better leeway and the relative pressure  to work out resources is also much lesser.

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Federal Government Give-Aways

 

Federal Government Give-Aways

There are federal government give-aways to help ease the burden of tax preparation before the deadline arrives.

Getting access to these give-aways is easy.

The tax deadline is rapidly approaching and you are not looking forward to paying exorbitant fees to hire a tax professional. 

Free Personalized advice

Free one-on-one tax help is available to you from an IRS-certified volunteer when you take advantage of Volunteer Income Tax Assistance(VITA) and Tax Counseling for the Elderly(TCE). 

These services are conveniently housed in local community centers, libraries, schools and shopping malls.

Trained volunteers will help you prepare and submit your basic income tax return free of charge. 

Call 800-906-9887 to find a location near you.Or you can go the the website, irs.gov , then click on “get freeTax Preparation help”.

There you will find VITA and TCE locator tools.

The IRS homepage may be updated at times so just play around a bit in case you cannot find the link you are looking for.

Free tax software:

Although the tax filing season officially opens Jan. 29, taxpayers can begin preparing and e-filing their taxes for free with IRS Free File software.

Free File software will automatically submit returns as soon as the filing season begins.

A dozen brand-name Free File partners, acting through the Free File Alliance, offer their software free to eligible taxpayers.

Each partner sets its own criteria, but any taxpayer earning $66,000 or less will find one or more software products available.

Some providers offer both free federal and free state tax preparation, a seamless way to file taxes.

File for free no matter who you are

If you do not quality for free tax guidance, you can still file at no cost  with Free File Fillable Forms offered by the IRS.

The online forms do the math for you to cut down on mistakes. It will allow you to submit them electronically.

Go to irs.gov and click on “Free File”.

 

Linkedin is a Social Media Platform that is earmarked for professionals.

It has over 500 million members and is used by over 313 million people on an international scale.

It’s a great platform from which to generate high ticket sales by using Linkedin and emails to secure more appointments and increase sales which is the lifeblood of any business.

This can even be achieved without spending a dime on ads.

The LEAD Blueprint Workshop will teach you everything you need to know about High Ticket Sales Appointments at will.

Click here for a Free Webinar on how you can also close multiple 5 figure contracts within mere weeks.

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Red Flags The IRS Does Not Want You To Know

Red Flags The IRS Does Not Want You To Know

We all want peace of mind.

We all want to stay away from red flags that the IRS does not want us to know and we all have a desire to do what is right to stay out of unnecessary trouble.

The deadline for filing taxes is quickly approaching and you are busy gathering all of the required information.

You are either going to submit your tax return  with your own tax software or you will leave that responsibility for your tax preparer.

We all try to be as honest as possible, as is required by law, in supplying the required information to the IRS but the fear of a tax audit is always hanging in our minds.

The chances of being audited by the IRS are slim but that does not stop us from having a ping of panic when we receive unexpected mail from these these three letters, “IRS”.

To avoid any panic attacks in the first place, look out for the most common audit triggers on your return so that you can breathe easily the nest time you file your taxes:

  • Large deductions on a small budget:

The IRS compares your write-offs to those of people with similar filing status and income.

If your numbers are too big, your tax return will stick out from the rest.

Make sure to keep good records and store them in a safe place. The IRS will not settle for guesses about charitable donations or business travel expenses if you get audited.

  • Bogus business Claims:

The IRS has a field day with Schedule C, the form self-employed people use to write off their business losses and exemptions.

Pay special attention to the following audit triggers:

  • Hobby losses:

You may love collecting and refurbishing antique paintings but you cannot write off losses unless you are trying to earn a profit from your pastime.

Home office deductions:

You must be able to prove that you regularly use this space for business and strictly for business.

Travel expenses:

Mileage deductions are common audit triggers. It’s advisable to keep a mileage log so that you do not overestimate the distance you travel. Note the reason for each trip.

Early payouts from retirement accounts:

This is the most common mistake people make when withdrawing from their retirement accounts early, before age 59 1/2, claiming an exception to the 10 percent penalty when they do not qualify.

Pay close attention to the exceptions listed by the IRS. If you need to make an early withdrawal, expect the IRS to take a close look at your return.

Wrong wages and other typos:

Small mistakes can be a big thing.The IRS has all of your forms. That will mean trouble if the numbers on your form are incorrect.

It’s easy to make make mistakes when you file with pen and paper, which is mostly a thing of the past.

Avoid costly mistakes by filing electronically.

Make sure you input the correct data.

Most online and computer tax programs will automatically check your math for you.

Rounded numbers on write-offs:

Using too many zeros may prompt the IRS to think that you are guessing or pulling deductions out of thin air.

If you are writing off a donation, go ahead and list it as the actual $267 and not $300.

It’s important to keep receipts just in case you get audited.

Note:

Most of the refund that you might get came right out of your paycheck and headed directly to Uncle Sam.

If you allow the government to withdraw too much in taxes, you are allowing the government to earn interest on that money, instead of you.

How fair is that?

Imagine how you could have used that money?

So stop giving the government an interest free loan.

Request a new W-4 form from your employer and claim more allowances on it.

You tax refund may come out closer to zero but your paycheck will get bigger.

How to generate high ticket sales:

Linkedin is a Social Media Platform that is earmarked for professionals. It has over 500 million members and is used by over 313 million people on an international scale.

It’s a great platform from which to generate high ticket sales by using Linkedin and emails to secure more appointments and increase sales which is the lifeblood of any business.

This can even be achieved without spending a dime on ads.The LEAD Blueprint Workshop will teach you everything you need to know about High Ticket Sales Appointments at will.

Attend a free webinar to learn how you also can achieve High Ticket Sales Appointments at will.

Click here to attend the  free Webinar

 

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Young Millionaires: Investing Trends

Young millionaires: investing trends.

When it comes to modern wealth management, young millionaires have shown us their investing trends in some fabulous ways.

Imagine yourself waking up tomorrow as a millionaire.

What would you do with your money and how would you manage it?

Apparently, it seldom happens when you are both young and millionaire at the same time.

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How To Become Wealthy And Love What You Do

 How to become wealthy is almost everyone’s dream.

However,there are always rules that have to be followed to achieve anything that is worth having in this brief life here on mother earth which is described in the Bible as a “mist”.

To become wealthy is to ascend to a state of mind that attracts wealth and it takes dedication and perseverance to realize this goal.

The following are the steps necessary to bring your dreams into reality:

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Successful People vs Unsuccessful People

Successful people vs unsuccessful people

There are major differences between successful people vs unsuccessful people and it all boils down to habits.

Habits are what separate the strong from the weak.

We all want to be successful and there is no secret formula to being successful.

It doesn’t just fall out of the sky nor does it happen out of nowhere.

There is no book or movie you can watch to get you there.

What it comes down to is habits. Continue reading Successful People vs Unsuccessful People