The Complete Guide to Working for Yourself: Everything the Self-employed Need to Know about Taxes, Recordkeeping, and Other Laws

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Atlantic Publishing Company, 2008 - Business & Economics - 288 pages
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Many people dream of starting and running a business of their own but often do not know HOW to start. Entering the small business field as an independent contractor, freelancer, sole proprietor, or consultant is not a single decision but a series of steps, each one bringing you closer to the day your enterprise is up and running, competing for customers, and making money.

How will you organize and register your business? What are the regulatory considerations? How will you protect your intellectual property? Is your business plan adequate? Where can you find financing? What are your obligations as an employer? Do you understand your tax responsibilities? This brand new book includes the most current tax rates and changes in IRS regulations such as, "Is it a business or a hobby?"

You will learn all about business operations: selecting a business structure, licensing and permits, employer identification number (EIN), business taxes, recordkeeping, self-employment taxes, paying estimated taxes (and calculating how much to pay), dealing with independent contractors and 1099-miscellaneous forms, client agreements, insurance, workers' compensation insurance, rights and intellectual property law, accounting periods, selecting an accounting method, checklist for starting a business plan, choosing a name, business plans, forms of business structures, financing, location, marketing and advertising.

In addition, new entrepreneurs will appreciate this valuable resource and reference in their daily activities and as a source of ready-to-use forms, Web sites, operating and cost cutting ideas, and mathematical formulas to apply to their operations. The Companion CD-ROM contains all the forms in the book as well as a sample business plan you can adapt for your own use. ††The companion CD-ROM is included with the print version of this book; however is not available for download with the electronic version.† It may be obtained separately by contacting Atlantic Publishing Group at sales@atlantic-pub.com

Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company president‚e(tm)s garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice.† Every book has resources, contact information, and web sites of the products or companies discussed.

 

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Awesome Book! This has been my Bible to start my own business!

Contents

All About Insurance for Your Business and for Yourself
159
Finding Disability Insurance
162
The Importance of Business Property Insurance
163
Car Insurance
165
Setting Your Price and Collecting Money
167
Accepting Payments
169
Refunds
170
Creating an Online Payment Processing System
174

Liability Concerns
43
Audits
44
Setting Up a Sole Proprietorship
45
Partnerships
46
Liability
47
Limited Liability Companies
48
Taxes
49
Advantages and Disadvantages of Limited Liability Companies
50
Among the disadvantages of the LLC are
51
Forming an LLC
52
Audits
55
Liability Concerns
56
Taxes
60
Taxes for C Corporations
61
S Corporation Taxes
65
Disadvantages to Corporations
69
Creating a Corporation
70
Naming Your Business and Writing Your Business Plan
73
Legal Name
74
Trade Name
75
Naming a Corporation or Limited Liability Company
77
Select a Permissible Name
78
The Legal Effect of a Registered Name
79
Choosing and Using a Trademark
80
Choosing Internet Domain Names
83
Your Business Plan
86
Your Blueprint to Success
87
Getting Help Writing Your Business Plan
88
The Business Plan Outline
89
Writing Your Business Plan
90
The Cover Sheet
91
The Executive Summary
92
The Business Description
93
Product or Service
95
Location
96
Accounting
97
Security
98
Competition
100
Finding Information on Your Competition
102
Advertising and Public Relations
103
Pricing and Sales
105
Positioning
106
Location
107
Industry Trends
108
The Financial Management Plan
110
Use of Funds
113
ThreeYear Income Projection
115
BreakEven Analysis
117
Graphical BreakEven Point
119
Business Financial History
122
Supporting Documents
124
Printing Your Business Plan
125
Setting Up Shop
129
The Advantages of Working From a Home Office
130
The Disadvantages of Working From a Home Office
132
Businesses Conducive to Working from Home
134
The Advantages of Working From a Leased Office
135
The Disadvantages of Working From a Leased Office
136
Home Office Deductions
138
Equipment
140
Business Phone Line
141
Web Site
142
Tips for Opening a Business Bank Account
144
Tips for finding Financing to Fund Your New Business
146
Cost Cutting ideas
150
All the Proper Licenses Permits and Identification
153
Home Occupation Permit
154
Sales Tax If Selling a Product
155
Employer Identification Number
156
Charges for Card Processing
176
Monthly processing fees
177
Deduct Bad Debts From Your Income Taxes
180
Determining Your Terms of Payment
182
Ways to Market Your Product or Service
187
Networking Tips
189
Create a Logo
191
Join the Better Business Bureau
192
Place an Ad in Your Local Yellow Pages
193
Create and Use Business Cards
194
Write and Release a Press Release
195
Place Local Advertisements
196
Sponsor a Local Sports Team
197
Send Out a Newsletter Either by Email or Mail
198
Offer Discounts
199
Start a Blog
200
Sign Up for Online Directories
201
Use Testimonials
202
Make the Most of Your Email Signature Line
203
All About SelfEmployed Taxes
205
The ABCs of Paying Taxes as a SelfEmployed Person SelfEmployment Taxes
206
Paying SelfEmployment Taxes
207
Paying Taxes
208
1099 Forms
209
Paying Sales Taxes
210
How Long to Keep Tax Records
211
Easy Recordkeeping and Accounting
215
Accounting Periods
216
Cash Versus Accrual Accounting
217
Simple Bookkeeping Procedures
218
Recording Business Depreciation
226
Business Reports
228
Reading and Evaluating Business Reports
229
Recording Financial Transactions
230
Popular Bookkeeping Software
231
Writing and Using Client Agreements
235
Provisions of a Client Agreement
236
Nondisclosure Agreements
237
Copyrights Patents and Trade Secrets
241
Poor Mans Copyright
242
Retaining Copyright When Hiring an Independent Contractor
243
Patents
244
Using the Law
247
Using the Services of an Attorney
248
Legal Research
249
Retirement Options for the SelfEmployed
251
Types of Retirement Plans for Businesses
252
Providing Your Employees With Options for Saving for Retirement
253
HiringTrainingMotivatingFiring Employees
255
Hiring Independent Contractors
257
Costs of Hiring Employees
258
Employee Health and Safety
259
Types of Employees
261
Hiring Your First Employee
262
Recruiting Employees
263
Interviewing Applicants
265
Avoiding Bias in Interviewing and Hiring
266
Determining Whom to Hire
268
Rejecting Applicants
269
New Employee Probationary Period
270
Evaluating Employee Performance
272
Terminating Employees
273
How to Motivate Your Employees
276
How to Be an Effective Boss
278
resources
281
Author
283
index
285
Copyright

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Page 4 - States. —Douglas & Sherri Brown OF THE UNITED STATES. The human-animal bond is as old as human history. We chetish our animal companions for their unconditional affection and acceptance. We feel a thtill when we glimpse wild creatures in their natural habitat or in our own backyard. Unfortunately, the human-animal bond has at times been weakened. Humans have exploited some animal species to the point of extinction. The Humane Society of the United States makes a difference in the lives of animals...

About the author (2008)

Beth Williams is a full-time writer from Lexington, Virginia. In addition to a B.A. in Journalism and Communications from Point Park University, Beth holds a M.A. in Holocaust and Genocide Studies from The Richard Stockton College of New Jersey. She is the founder and co-owner of Creative Inklings LC, a full-service writing firm that caters to both online and offline clients and can be found on the Web at www.creativeinklings.org. Beth has written hundreds of articles, e-books, audio scripts, reports, and other content for clients on dozens of topics ranging from business to travel. Additionally, she has written for several magazines, including those focusing on business. Beth is currently taking her extensive writing credentials in a new direction, branching into internet marketing, offering private label rights (PLR) content for marketers, Webmasters, and other clients.

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