Small Business Resources at IRS
March 31, 2009 by admin
Filed under Starting-a-business
There is a large set of audio and visual (video) resources at the IRS.gov site that we must show you… these are high quality and give great information for getting your business up and running, and paying attention to tax specifics – staying within legal guidelines.
Here’s the list – it’s very large!
| Adjusting Employment Taxes: New for 2009 (Video, Transcript) |
| Backup Withholding for Form 1099-MISC (Video, Transcript) |
| Bartering Income (Video, Transcript) |
| Business.gov (Video, Transcript) |
| Business Income (Video, Transcript) |
| Choosing a Tax Preparer (Video, Transcript) |
| Closing A Business (Video, Transcript) |
| Correcting 94X Returns, Update (Video, Transcript) |
Disaster Planning
|
| Earned Income Tax Credit (Video, Transcript) |
| Economic Stimulus Package: Section 179 Depreciation (Video, Transcript) |
| Economic Stimulus Package: 50% Special Depreciation (Video, Transcript) |
| Electronic Federal Tax Payment System (EFTPS) (Video, Transcript) |
| Employer Identification Numbers (Video, Transcript) |
| Filing and Paying Timely (Video, Transcript) |
| Form 2290 Heavy Highway Vehicle Use Tax (Video, Transcript) |
| FBAR Form (Video, Transcript) |
| FBAR Update (Video, Transcript) |
| Home Office Deduction (Video, Transcript) |
| Hobby or Business (Video, Transcript) |
| IRS Letters and Notices (Video, Transcript) |
| IRS Resources for Small Businesses (Video, Transcript) |
| Money Services Business Manual (Video, Transcript) |
| Online Auctions (Video, Transcript) |
| Phishing and Tax Scams (Video, Transcript) |
| Recordkeeping (Video, Transcript) |
| Retirement Plans Employer Information (Video) |
| Seasonal Businesses (Video, Transcript) |
| Small Business Federal Regulatory Fairness Act (SBREFA) (Video, Transcript) |
| Small Business Tax Workshops (Video, Transcript) |
| Schedule C: First Time Filers (Audio, Resources, Transcript) |
| Schedule C: Who needs to file and how to do it (Video, Transcript) |
| Tax Calendar (2009) (Video, Transcript) |
| Tip Reporting (Video, Transcript) |
Starting a Business Resources
March 31, 2009 by admin
Filed under Starting-a-business
At the same time we create this site, StartIllinoisBusiness.com we’re also knee-deep in developing another website called, “IncAnswers.com” which will be going live shortly – we hope!
IncAnswers.com will be focused on providing all the steps necessary for your business like:
1. Starting your business.
2. Incorporating your business.
3. Marketing and growing your business.
We’re also developing a 33 lesson elearning course for your business that will cover everything you can do online to start, build, and grow your business. If you incorporate with us here at this, or one of our other sites we will give you a substantial discount applied toward this 33 lesson elearning business course.
Starting a business has never been easier. Starting a business that succeeds, while not at all “easy” is within reach for the average person that applies his/herself and follows a course of action that has been successful not only for us but for dozens of friends.
This new elearning course is geared toward those that are familiar enough with a computer for email, saving files, sending photos and other basic programs like word processing. This course teaches everything necessary from lesson 1 to lesson 33. If you don’t have a product in mind for your business we’ll show you how to create an e-product you can sell online.
When you’re finished with that there is the EBusiness PRO Course which will take you through advanced elearning lessons about high level marketing techniques for your online business.
Have a look and see what you’re missing…
Benefits of Incorporation
March 30, 2009 by admin
Filed under Starting-a-business
There are many benefits of incorporation. We’ve focused the last ten years on helping people like you incorporate because we believe in the idea strongly. What other way can you limit your personal liability and save thousands of dollars on taxes?
Incorporation is the way to go for every single person in the USA. It’s a right that many are not taking advantage of. We make it as simple as we can here and at our other websites for anyone to come and register their new company. It need not have employees. It need not have a focus even in most cases – that can be decided later.
Here are some benefits of incorporation that we hope push you over the edge of indecision and have you registering your new Illinois corporation online here today:
- Personal Asset Protection. If you haven’t incorporated your business then you’re acting as either a sole proprietorship or you’re part of a general partnership. Your personal liability is very high and you’re in danger of losing everything if you are sued in a court of law. However, if you incorporate the company’s stockholders, directors, and officers are not usually liable for the company’s debts and obligations.
- Transfer of ownership. Your equity or ownership in a corporation or LLC can be transferred easily to others – entirely or in part. Some states like DE don’t require the transfer to be on paper.
- Retirement funds for employees can be established easier as there are programs in place already for this.
- Companies are taxed at a lower rate than individuals are taxed.
- Corporations can own shares in other corporations and enjoy corporate dividends at 80% tax free.
- There are no limits on loss corporations can carry forward. Sole proprietorships can only claim capital losses of $3,000 or less unless the owner has offsetting capital gains.
- Generation of Funds. Selling stock is one way capital can be raised for established corporations.
- Durability. Corporations can go on indefinitely. A corporation is not affected by the death of shareholders, directors or officers of the corporation.
- Corporate Credit Rating. Over time corporations build up their own credit rating with a history separate from the individual owners.
More articles about incorporating your business:
Why Incorporate Here? – Some of you will arrive on this site and ask yourself, “Why should I incorporate…
Great Reasons to Incorporate! – Incorporation is not required. You can
operate your business as a sole proprietor…
What is a Profit Corporation? – A profit corporation is a type of
corporation. Another name that is often used for…
Incorporate your for profit corporation here.
