Displaying All Posts in the Money category

Is a Home Office Worth It?

working from home tax

As a young or potential entrepreneur, renting out office space seems like a daunting idea right?

It’s a big commitment, especially when there is an alternative.

This is a topic that I encounter all the time.

With a growing number of people working from home nowadays, claiming the cost of rent or their mortgage repayments is becoming a hot topic, with most people thinking they can claim the full amount and that being that.

Unfortunately it’s not as straightforward as that. Click Here to Read Article …

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5 Money-Saving Tips for Freelance Travelers

travel expenses

The biggest pro of being your own boss is just that — not being a cog in the machine.

Just about the only time this is a con is when travel comes up.

That machine often pays your travel expenses when you’re on a short overnight trip.

You’re going to have to go it on your own as a freelancer, but there are ways to save money and make it as painless as possible.

After all, when you decided to strike out on your own, one of the things you signed on for was the satisfaction of finding creative ways to make things work for you. Here are some very creative ways to work the hotel system and keep the Benjamins in your pocket. Click Here to Read Article …

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3 Ways Freelancers Get Paid

get paid

The best part of the life of a freelancer is pulling in the digital Benjamins.

Clicking that button and bringing in funds makes it all worthwhile.

If there’s anything about your current payment processor that bugs you — and it may be that your business is expanding beyond this processor’s capacity — here are a few payment processing tools you may consider.

These vary from simple to complex, starting with those that are good for freelancers with simple, streamlined businesses and progressing to those for entrepreneurs with a line of goods for sale online. Click Here to Read Article …

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The Importance of Starting and Maintaining a Business Budget

financial budgeting

A large percentage of small businesses fail within one year of operation.

While circumstances vary as to the cause, one of the obvious reasons is that they’re financially incapable of continuing to operate.

There is a lot of money that goes into starting and running a business.

You need certain equipment, marketing, funds for hiring people and for emergencies.

The only way to manage all of this is to have a budget. Once you establish one, you need to stick to it. Click Here to Read Article …

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How to Save on Business Travel

business trips

I am finding that in my role I am traveling more and more on a monthly basis. I am becoming increasingly aware of these costs for the company I work for.

Businesses everywhere must find new and different ways to slash costs if they want to survive in today’s economic climate.

Gone are the days of reckless business travel for huge numbers of executives at the drop of a hat!

Well, for most of us anyway. But it’s vital not to lose out on business travel when it is necessary.

It can be the difference between making a certain sale or retaining business. In the days of video conferencing, Skype and instant messaging, it’s still important to remember that the personal touch can mean the difference between a good business and a great business. Click Here to Read Article …

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How to Become Financially Independent

how to become financially independent

Financial independence is the dream many individuals aspire to reach.

The idea of being able to earn your own income is a worthwhile thing to pursue, and luckily if you’re an entrepreneur, you’re already a step ahead of the rest of the world.

On the other hand, just because you’re bringing in your own source of income at the moment doesn’t mean the situation is set in stone.

Whether you’re an aspiring entrepreneur currently working for someone else, or an established business owner, here are a few steps you can take to protect and preserve your financial autonomy. Click Here to Read Article …

Tax Filing Tips for Freelancers

The job market in the United States is still considerably sluggish and it is for that reason that many people have decided to work as freelancers. If you are a freelancer, you could be doing a wide variety of things to earn money. For example, there are many people who work as freelance writers while there are others who are freelance transcriptionists, virtual assistants, and even search engine evaluators.

One issue with freelancing is that taxes are not necessarily taken directly out of your pay, which means you will be expected to do your own taxes and pay anything that is owed to the IRS.

Do Your Taxes Online

When you file taxes online, you have the opportunity to add everything at your very own pace. You can complete some of the information, save it, and then complete the rest later. There are many people who are choosing the online option for doing their taxes, especially freelancers. The websites that allow you to do your taxes online with full assistance, including TurboTax, are a huge help. You will surely not be able to mess anything up when using TurboTax, especially since the website takes you step by step through everything. Click Here to Read Article …

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Making Money Online — The Truth Behind the Hype

Making Money Online

Here’s a good question: Can anyone make money online? I found myself considering just this question recently when I saw an article re-tweeted in which someone had stated flatly that they had done all of the things they were “supposed” to do, and yet they had launched an e-book product and had zero sales.

Something about that didn’t strike me as quite adding up. Zero sales? Really?

I reviewed the post a few more times, because the thesis of the piece (which was pretty bitter in tone) seemed to be this: This person had done every single thing they could to make their launch successful, and it had not worked, and that anyone who promotes making money online, in essence, pulling a hoax on people. Click Here to Read Article …

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