How can I roughly estimate my taxes if Im starting a home-based business? -

I m considering a home-based business and I m wondering how the taxes will differ compared to my current salary, assuming all other elements are remaining the same. (Please note, I m not asking about the forms to use, how to submit tax information, or taking obscure deductions into consideration; I have already read up on all of these items.)I currently have a salary of $80,000. Based on what I actually bring home, roughly 35% of my paycheck currently goes to taxes (ridiculous, isn t it?). If I were to stop my corporate job and do a home-based business full time, what % increase or decrease could I expect in taxes for a sole proprietor that makes enough money to qualify as income. Again, I m not considering deductions like running a business out of my primary residence, business travel expenses, etc. I m strictly comparing taxes to taxes.It may not be possible as there are tons of factors to consider, but if anyone has insight, personal experience, or even a rough idea to guide me, that d be great!

As an employee you are paying 6.2% for Social Security and 1.45% for Medicare. Those will double when you become self employed, but the additional amount you pay is deductible for income tax purposes.As for your income tax there are too many variables to consider. The primary variable would be your income from the business. You do need to consider those deductions you call obscure , because they could be significant. In my business they are significant and make up for the extra FICA taxes I pay.

When you are self employed, you pay the employer s share of fica/mc, so our tax bill will go UP 7.65%.

How to i take a picture of my inventory? -

i wanna no how to take a picture of my gaia inventory

Get a digital camera and some good lighting. Photograph the individual inventory items from the front and side. Make the appropriate notes of the item s description and quantity. Download the photos on to your computer and write up the description.

What do you do ? -

after you absentee owner wants to start coming in to work? Its been 4 years i have been running his store with no issues. This owner knows nothing of the industry, bought it as an investment lol. but now wants to start delegating. Should i tell him to beat it? Or let him just run the store into the ground and go over to the competition? Nice guy but knows nothing of the trade and cant hold a wrench of work sales. Dont know what to do. Any help would be great. Thanks

Harmony, you ll need as much harmony as you can get here. Sounds like a very sticky situation you ve found yourself in. I d suggest a two-prong strategy:Do your work wonderfully. Most bosses in their hearts know what they know and don t know. Your guy can bluff and bluster all he wants, but I m guessing that in his soul he is well aware that you are the person who can truly get things done. But sometimes bosses are slow to recognize an employee s value. So, to help prove that to him, I would try to schedule a personal vacation for a few days; do it soon, so he gets a glimpse of what life is like at the shop without you. If you are correct in your judgment, your absence should prove that to him.At the same time....Start your own business planning. My guess is that Plan A has less than a 50-50 chance of succeeding. It s his company and he has the right to run it any way he wants to, even if that means booking a one-way trip to the dung heap. But I m not sure why the only alternative you ve mentioned is to go over to the competition. If you know this business well and have had success growing it, why not see if there s a way to build your own? Is there room in the market for a competitor? One other thought as you re working through this: You might see if the owner is willing to sell the business. Since you say he s a nice guy, there might be a win-win here. I m smelling entrepreneurship in your future.

Is bigspot.com a good site for making money at home? -

No, just another scam.You can only obtain legitimate work from home positions from brick and mortar companies. You want to send your resume out to companies hiring for positions you are qualified for, but include in your resume that you have a home office and you wish to work remotely. Include how you have your home office set up and what equipment you already have in order for you to perform your job. These jobs are just going to advertised as jobs, they would not promote them as work at home because they would hear from too many unqualified people.

The same way I do. Go to my website here:http://www.wix.com/lildamanted/earnmullababyCashcrate is a great website to earn money, especially if you gain referrals.I earn about 500 dollars a month from referrals(people that sigh up under you).If you don t believe me just copy and paste url and it will be all the proof u need if you want to learn how to make money .note: Im 16 years old making 500 a month from internet basically doing nothing, You can do the same if you sign up and get people to sign up under you. please give it a try. I ll even send you my own personal guide if you need it.

Starting a car detailing business? -

How good is it to start a car detailing biz. I have over 10yrs of experiance. I know that the economy sucks now but it will get better

The problem with starting ANY business is that it takes money to start most of them. As you know, all of those chemicals and what not cost money, then you have to take into account having to pay staff, etc etc but the question is, how big of a business are you planning to start. if you as an individual put ads on craigslist and put out some fliers in nice neighborhoods and this n that and ran a mobile car washing service it would cost you substantially less than it would to have a brick and mortar location somewhere. the problem with starting big like that is that you need to spend a lot of money paying employees, rent, electricity, supplies, and most of all marketing / advertising. advertising is the most overlooked part of being in business, but it s pretty much the most important.. without knowing how big you plan on making this it s hard to give a good answer... but.. if you can give me an idea of that i can give you ideas about how to do it...