small home business

The Protection of Homes, Small Businesses, and Private Property Act of 2005 (S. 1313) is a United States bill "[t]o protect homes, small businesses, and other private property rights, by limiting the power of eminent domain." The bill was introduced on June 27, 2005, to the first session of the 109th Congress.....

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Number of small home business Topics: 5

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100% Q: What is the best filing system/method for a small/home business? How do you handle your small business tasks?

I am a private & group music teacher and have to handle taxes, filing, administrative, scheduling, public-relations, financial (invoicing & gift certificates), etc. I have 30 clients & hope to soon have 1 or 2 employees. This question is for any type of small business, at home or in an office setting - as long as you are working for yourself (and maybe have some people working for you). Other topics in the small business & home business world apply to this question as well. I am interested in filing help, administrative help, invoice help, tax help, office-space help, anything! : ) I have been in business for 5 years, but know I can always improve... others will find your help helpful too! Thank you!

A:I use MS Access.

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100% Q: If I have a small home-based business and I have not filed any taxes in 3 years, what are the penalties?

Let's say that I've calculated most of the 2003 year and have concluded that I didn't owe any taxes for 2003 and 2004 but instead am due a refund. I'm working to get a good accountant but find that most don't know about tax shelters, estates, or any of the small business (home based) irs laws. Please, this is serious. Don't respond if you don't have a quality answer for me.

A:You will not be assessed any interest or penalties for filing late since you are due a refund, and you will not be paid any interest on the refund either. As to tax shelters, most have to be registered with the IRS. Estates and trusts are a unique animal and are usually only in demand from high income individuals. I find it hard to believe that a CPA would not understand the home-based business rules since that type of enterprise has been popular for many years. You didn't state what part of the country you are in, and many states (and counties) have funky rules regarding these businesses. You should contact the home office of the company you represent to request referrals of accountants in your area. Good luck

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100% Q: How do you register a name for a small home business? Is it necessary?

We're opening a small home business. Do you need to protect/register the name of your business for tax purposes, banking, and all of the other nuances that come because you run a personal business and you want to be above the board, totally legitimate? If so, who do you call? What do you do? Help us Obi-wan Kenobi, you're our only hope.

A:Most of this is based on Federal & State Law. I would try looking at the Small Business Administration web-site for details. Then find your state office that handles the same issues. Starting any business is something that should be considered carefully. I highly recommend doing research before investing your resources. Good Luck!

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100% Q: Can I start a small home business if I do not own the home?

I am currently renting the house I live in, and am starting a small rental company that will be based from my home. Any dealings will the public will not be done on the home property, but I am wondering if I can legally have a business there if I do not own the property. Do I have to have permission from my landlord?

A:The landlord will end up paying higher property taxes because you won't be considered just a family residnece anymore... it will now be a business/residence. . You should tell the landlord, because if the government finds out before the landlord does and they don't submit the address for a business/residence, there will be penalties and back taxes that they'll probably sue you to pay for. Be prepared for them to jack up your monthly rent quite a bit too.

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100% Q: What are some things I need to start my own small business at home?

I make invites and all sorts of things, I am very creative and untill now I have been making stuff for free mostly for my friends and family, they all tell me I should concider starting a small home based business. What things do I need to start? As fas as legal stuff in concerned? Thanks :)

A:check out the SBA or the BBB web sites they give alot of info. You will need to file your business with your state, get a sales tax license, need a federal ein number.

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