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Small Office - Home Office (SOHO) with Maggie

Maggie began her home business long before it was the "in" thing.
She's been at it through the young 'uns, the colic, the croup, and even that other child she has, her hubby, whom we affectionately refer to as "Mr. Maggie".
She's endured hard times and enjoyed good times, and has been down the trail and over the mountain.

Her column is updated every day or thereabouts, so check back often for her secrets and tips.


Small Businesses and Installment Sales

Generally, most businesses cannot use the installment sales method of reporting revenues.

Accordingly, no matter how long the collection period for a sale of your products or services, the full sales prices is taxable when the sale is made.

However, businesses that report taxable income on a cash basis are allowed to use the installment sales method.

This can be a substantial saver for tax purposes.

The rules for cash basis qualifications are very specific.

If you make sales on an installment basis, check to see if you qualify for this status.


Do you need some real help getting your business on the internet and getting it noticed?

Without it costing you an arm and a leg?

Check out Internet Marketing Mentoring.

You'll receive a real live experienced internet marketing coach phoning you once a week for either 6, 12 or 24 one-half hour sessions, teaching you the ins-and-outs of getting your business noticed on the net.

And it's all for a LOT LESS than you'd expect to pay for such expertise.


Do you have some Small Office Home Office (SOHO) advice to share or have a question?

You can Write to Maggie!.

Include your first initial and last name and put the word SOHO in the subject.

I'll try to use your contribution in a future column.

(Please note that these columns are written several weeks in advance so publishing it will be delayed accordingly.)


I love having my own business, even with all the headaches.
If you're thinking about becoming independent yourself, I hope these ideas help.
The're all tried and proven, by me, almost every single day.

If you're interested in getting started - full or part time - and are just looking for something to start with, check over the
Vending for Fun and PROFIT in Your Grandmother's Attic.

Maggie


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