Hello and welcome to Rim Digest, the ezine for
"Responsible Internet Marketers".
Striving to be the BEST resource for Small Biz Owners...
January 8, 2009 volume 9-issue 2
Your editor: Jan Tallent, mailto:rimdigest@usa.net
Rim Digest ezine: http://www.rimdigest.com/
** ** ** ** ** ** ** ** ** **
Today's issue is sponsored by:
I
decided to compile a series of packages
containing
software products, eBooks and
reports
that come with resale rights,
master
resale rights or private label rights.
That
means you will own these products outright
for
as little as a $10 investment in some instances.
You
can then set your own prices and sell them as a
package
or separately, or even give them away as
incentives
for other things you sell!
With
my Software Collection, I provide the best
and
most affordable way for you to start your OWN
business
and your sales potential is endless.
http://www.softwarewarrioress.com/
** ** ** ** ** ** ** ** ** **
Today's Issue Contains:
Publisher's Spot
Featured Article: Legalities & Tax Advantages In A Home
Business
Positive Quotes
Freebie for my subs
Feedback
Serious Virus Warning
Recommended eZines
Publisher's Goodbye and Legal Stuff
** ** ** ** ** ** ** ** ** **
My Princess Madison will be THREE on Sunday, January 11.
Her Dad's birthday is the same day, she was QUITE the
birthday present 3 years ago.
Then my son, Justin, will be 21 on the 22nd! Since they
act about the same age it is hard to imagine he is so
much older than my grand daughter, lol
remember me if you ever need any editing / proof reading
help
or other VA services: http://tallentagency.com/
and PLEASE
pass the word if you know of someone who NEEDS a VA :-)
remember, you can get updates on my personal and
professional undertakings, if you like, here:
http://www.marketingwarrioress.com/
and follow me on twitter:
** ** ** ** ** ** ** ** ** **
Featured Ads
BLOG i360™ is more than just a Web Site or blog.
It's your complete New Media Marketing Hub Site.
An automated software solution that combines the
best of New Media with proven online persuasion
and sales strategies. Go see how now:
http://www.blogi360.com/jamaffiliates/id/2319
this spot now open
http://www.rimdigest.com/ads.html
** ** ** ** ** ** ** ** ** **
Featured Article
Legalities & Tax Advantages In A Home Business
Every year, several thousand people develop an interest in
"going into business." Many of these people have
an idea,
a product or a service they hope to promote into an income
producing business which they can operate from their homes.
If you are one of these people, here are some practical
thoughts
to consider before hanging out the "Open for
Business" sign.
In areas zoned "Residential Only," your proposed
business could
be illegal. In many areas, zoning restrictions rule out home
businesses involving the coming and going of many customers,
clients or employees. Many businesses that sell or even
store
anything for sale on the premises also fall into this
category.
Be sure to check with your local zoning office to see how
the
ordinances in your particular area may affect your business
plans. You may need a special permit to operate your
business
from your home; and you may find that making small changes
in
your plan will put you into the position of meeting zoning
standards.
Many communities grant home occupation permits for
businesses
involve typing, sewing, and teaching, but turn thumbs down
on
requests from photographers, interior decorators and home
improvement businesses to be run from the home. And often,
even if you are permitted to use your home for a given
business,
there will be restrictions that you may need to take into
consideration. By all means, work with your zoning people,
and save yourself time, trouble and dollars.
One of the requirements imposed might be off street parking
for your customers or patrons. And, signs are generally
forbidden in residential districts. If you teach, there is
almost always a limit on the number of students you may have
at any one time.
Obtaining zoning approval for your business, then, could be
as simple as filling out an application, or it could involve
a public hearing. The important points the zoning officials
will consider will center around how your business will
affect
the neighborhood. Will it increase the traffic noticeably on
your street? Will there be a substantial increase in noise?
And how will your neighbors feel about this business
alongside
their homes?
To repeat, check into the zoning restrictions, and then
check
again to determine if you will need a city license. If
you're
selling something, you may need a vendor's license, and be
required to collect sales taxes on your transactions. The
sale
tax requirement would result in the need for careful record
keeping.
Licensing can be an involved process, and depending upon the
type
of business, it could even involve the inspection of your
home to
determine if it meets with local health and building and
fire
codes. Should this be the case, you will need to bring your
facilities up to the local standards. Usually this will
involve
some simple repairs or adjustments that you can either do
personally, or hire out to a handyman at a nominal cost.
Still more items to consider: Will your homeowner's
insurance
cover the property and liability in your new business? This
must
definitely be resolved, so be sure to talk it over with your
insurance agent.
Tax deductions, which were once one of the beauties of
engaging
in a home business, are not what they once were. To be
eligible
for business related deductions today, you must use that
part of
your home claimed EXCLUSIVELY AND REGULARLY as either the
principal location of your business, or place reserved to
meet
patients, clients or customers.
An interesting case in point: if you use your den or a spare
bedroom as the principal place of business, working there
from
8:00 to 5:00 every day, but permit your children to watch TV
in
that room during evening hours, the IRS dictates that you
cannot
claim a deduction for that room as your office or place of
business.
There are, however, a couple of exceptions to the
"exclusive use"
rule. One is the storage on inventory in your home, where
your
home is the location of your trade or business, and your
trade
or business is the selling of products at retail or
wholesale.
According to the IRS, such storage space must be used on a
REGULAR Basis, and be separately identifiable space.
Another exception applies to daycare services that are
provided
for children, the elderly, or physically or mentally
handicapped.
This exception applies only if the owner of the facility
complies
with the state laws for licensing.
To be eligible for business deductions, your business must
be an
activity undertaken with the intent of making profit. It's
presumed you meet this requirement if your business makes a
profit in any two years of a five-year period.
Once you are this far along, you can deduct business
expenses
such as supplies, subscriptions to professional journals,
and an
allowance for the business use of your car or truck. You can
also
claim deductions for home related business expenses such as
utilities, and in some cases, even a new paint job for your
home.
The IRS is going to treat the part of your home you use for
business as though it were a separate piece of property.
This
means that you'll have to keep good records and take care
not to
mix business and personal matters. No specific method of
record
keeping is required, but your records must clearly justify
and
deductions you claim.
You can begin by calculating what percentage of the house is
used for business, Either by number of rooms or by area in
square footage. Thus, if you use one of the five rooms for
your business, the business portion is 20 percent. If you
run
your business out of a room that's 10 by 12 feet, and the
total
area of your home is 1,200 square feet, the business space
factor
is 10 percent.
An extra computation is required if your business is a home
day
care center. This is one of the exempted activities in which
the
exclusive use rule doesn't apply. Check with your tax
preparer
and the IRS for an exact determination.
If you're a renter, you can deduct the part of your rent
which is
attributable to the business share of your house or
apartment.
Homeowners can take a deduction based on the depreciation of
the
business portion of their house.
There is a limit to the amount you can deduct. This is the
amount
equal to the gross income generated by the business, minus
those
home expenses you could deduct even if you weren't operating
a
business from your home. As an example, real estate taxes
and
mortgage interest are deductible regardless of any business
activity in your home, so you must subtract from your
business
gross income the percentage that's allocable to the business
portion of your home. You thus arrive at the maximum amount
for
home-related business deductions.
If you are self-employed, you claim your business deductions
on
SCHEDULE C, PROFIT(or LOSS) for BUSINESS OR PROFESSION. The
IRS
emphasizes that claiming business-at-home deductions does
not
automatically trigger an audit on your tax return. Even so,
it is
always wise to keep meticulously within the proper
guidelines,
and of course keep detailed records if you claim business
related
expenses when you are working out of your home. You should
discuss this aspect of your operation with your tax preparer
or a
person qualified in the field of small business tax
requirements.
If your business earnings aren't subject to withholding tax,
and
your estimated federal taxes are $100 or more, you'll
probably be
filing a Declaration of Estimated Tax, Form 1040 ES. To
complete
this form, you will have to estimate your income for the
coming
year and also make a computation of the income tax and
self-employed tax you will owe.
The self-employment taxes pay for Social Security coverage.
If you have a salaried job covered by Social Security, the
self-employment tax applies only to that amount of your home
business income that, when added to your salary, reaches the
current ceiling. When you file your Form 1040-ES, which is
due
April 15, you must make the first of four equal installment
payments on your estimated tax bill.
Another good way to trim taxes is by setting up a Keogh plan
or
an Individual Retirement Account. With either of these, you
can
shelter some of your home business income from taxes by
investing
it for your retirement.
Jan Tallent is the editor of Rim Digest eZine at
http://www.rimdigest.com/
and also known as the
Marketing Warrioress at http://marketingwarrioress.com/
** ** ** ** ** ** ** ** ** **
Vote for this Ezine at the Cumuli Ezine Finder:
http://www.cumuli.com/ezines/vte.html?ez=rimdig
OUR ezine is listed here:
http://www.rimdigest.com/iCop-Desktop.pdf
Make any and all purchases by checking the iCop
directory FIRST and be assured you are dealing
with members of the highest integrity and
professionalism. 'nuf said.
and here ...
and here ...
http://www.thenewsletterlist.com/
** ** ** ** ** ** ** ** ** **
Positive Quotes
The best portion of a good man's life is the little,
nameless, unremembered acts of kindness and love.
-- William Wordsworth (1770-1850) English poet
and
Failure is the opportunity to begin again more
intelligently.
-- Henry Ford (1863-1947) American Industrialist
** ** ** ** ** ** ** ** ** **
Get Suze Orman's New book free for 1 week on Oprah.com -
Subs only offer J
** ** ** ** ** ** ** ** ** **
Feedback
Hi, Jan
I don't use this e-mail much anymore due to all the spam I'm
getting
through it - and this is also causing me to miss most of
your ezines.
So, could you please change my e-mail address from xxx to
xyz?
I also wanted to mention that your article on the humor in
e-mail
campaigns was so nice to see. I already knew this by
instinct and
have been including humor and simple craft pattern links in
my
company newsletters for years.
But, you'd be amazed at the amount of "business
professionals"
that have told me that I was making a big mistake in doing
this
because it belittled our products and company news.
Guess that just goes to show us they didn't really know what
they were talking about, lol.
Thank You,
Ralyn Speerly Schraceo
Under The Rainbow - your internet source
to buy and sell
Quality Crafts!
http://www.undertherainbow.us/
****************
Really enjoyed the pictures, Jan! Precious children.
http://www.rimdigest.com/Madison_and_Brayden122608.jpg
Thank you for sharing them.
Larry A. Blake
****************
just think, you can have your feedback in this
section with a link to you or your biz, hint, hint.
************************
remember, this is YOUR newsletter, send any
comments, good or bad, address change or other
needed correspondence to mailto:rimdigest@usa.net
and use a subject, please.
:-)
if you like this ezine, please forward a copy
or an invitation to a friend. :-)
** ** ** ** ** ** ** ** ** **
Together, we can fight world hunger
with each and every click and it is F R E E:
be sure to click each tab, every great cause
on this website is free to give, funded by
contributing big companies.
** ** ** ** ** ** ** ** ** **
Still my number one best seller and a terrific package
to build your own digital or health based business:
http://www.jtdhealth.com/helluva.html
and Sign up 4 MY affiliate program & make 65%
commissions!
http://is.gd/410f My
BEST selling product! and ...
My ONLY ClickBank offer, it is SO good!
** ** ** ** ** ** ** ** ** **
RED Alert - SNOPES VERIFIED!
DO NOT OPEN under
any circumstances!
There Is An Email With Subject Line
Obama Acceptance Speech
Floating Around With A Trojan Horse Attachment.
Do Not Open For Any Reason!!!
Delete Immediately.
The Trojan Steals All Passwords And User Ids!
Spread The Word To Everyone On Your Email List.
Please check it out here on SNOPES address below.
http://www.snopes.com/computer/virus/obamaspeech.asp
** ** ** ** ** ** ** ** ** **
Recommended Ezines, check them out and see WHY!
Vector Central eZine
http://www.vectorcentral.com/subscribe.html
iCop's Internet Marketing Trade Journal
http://www.i-cop.org/trade-journal.htm
Free Newsletters from 123Greetings.com
http://www.123greetings.com/newsletter/
The Goal Mine Gazette Newsletter
Culinary Companion
Biz Site Biz E-zine
get YOUR ezine listed here for only $50 per year
PLUS be archived on the archives page in the issues
for up to TWO years. rimdigest@usa.net with paypal
(that is less than a dollar an issue and free listing
for at least 104 archives!
** ** ** ** ** ** ** ** ** **
"Bye" for now and thank you for reading. I
appreciate your
being part of my *rimmers* family. Hope to "see
you" for
the next issue- which will be delivered next Thursday.
Your email address will NEVER be sold, traded or in any
other way used for any purpose other than to send you
issues of the ezine or solo offers from our advertisers.
The offers are paid for by the ad runners but mailed to
you exclusively by ME, Jan Tallent.
If you feel a need to stop getting Rim Digest eZine use:
mailto:rimdigest@usa.net?subject=Leave
To send feedback, an address change, article submission,
etc. use: mailto:rimdigest@usa.net and a SUBJECT, please.
or call me from 10am to 6pm central USA time: 573-775-4520
Movies, Memorabilia and Gifts from the past-
http://www.downmemorylanetreasures.com/
For my fellow *digital addicts* go to
http://www.softwarewarrioress.com/
Check out my partner site, JanRon Publishing,
http://www.janronpublishing.com/
and if you like, join our member site:
http://www.janronpublishing.com/join.html
JanRon Media - Enriching Lives Through How-To
Audios, Videos, Software and The Written Word.
Rim Digest runs articles and ads in good faith but offers
NO guarantees unless expressed by ME or Rim Digest eZine.
Please use your best judgment in ANY transaction
or deal you enter into or offer you respond to.
Jan Tallent, aka Marketing Warrioress
at http://www.marketingwarrioress.com/
and Publisher of Rim Digest eZine,
Both Divisions of the Tallent Agency
po box 858 - Steelville, MO 65565 USA
