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    Selling on EBay
    Selling on E-Bay is fun. Most people who own computers or who know someone who owns a computer know about selling or buying goods on E-Bay. E-Bay was one of the first online auction sites, but the concept caught on and soon there were dozens of sites for selling goods online. The software makes it easy to list items, to bid on items and to pay for successful bids.No matter what the business model is—customers understand they can purchase the item on eBay. Because of its widespread name recognition and vast choice of products, information, and services, selling on EBay makes a good choice when deter
    IN? According to the IRS the answer is yes if:

    · Your business has employees

    · Your business is a corporation or partnership

    · You file returns for Employment, Excise, or Alcohol, Tobacco and Firearms tax

    · You withhold taxes on income (other than wages) paid to a non-resident alien.

    · Your business has a Keogh plan

    · Your business involves trust, estate, real estate mortgage investment conduits, non-profit, farmers’ cooperatives, o

    Why the Need for Brainstorming?
    Brainstorming can be the most abused word when it comes to meetings and group activities. It is often used by students, teachers, successful businessmen and even criminals. A lot of projects and activities have become successful due to creative brainstorming sessions.It is a fact that a person normally uses less than ten percent of their capacity to think and to use their brains. This means that there is a lot of room for more creativity and thinking if only a person can find the right enlightenment or inspiration.A person has to think for so many reasons. He may have to think to solve hi
    As a small business person-slash-advice columnist I dread the first quarter of the new year. Not because in my mind my own business fortunes start at zero again every January or because I have already dismissed every New Year’s resolution I made when the clock rang out the New Year.

    No, the reason I dread the first quarter of the new year is that my email box floods with questions about business taxes and the IRS, my two least favorite subjects on earth. It’s not that I am opposed to paying my fair share of business taxes. It’s that I consider the IRS to be a little like Beetlejuice, the movie demon who appeared only after his name was called three times in a row. My fear is if I write too many IRS columns their dark agents may appear on my doorstep, ready to drag me away to an uncertain fate.

    Oh well, one must do his duty no matter the consequences, so here we go….

    Q: I am starting a small retail business. While talking to a potential supplier last week he asked for my EIN number. I had no idea what he was talking about, so I told him I would have to get back with him because I didn’t have the number handy. What is an EIN number and why do I need one? -- Robert P.

    A: Robert, do you remember the old Johnny Rivers song “Secret Agent Man?” There was a line that said, “They’re giving you a number and taking away your name.” An EIN isn’t as cool as a secret agent number, but it works much the same way when it comes to your business’ relationship with the IRS. Instead of identifying your business by name, the IRS identifies your business by EIN.

    EIN stands for Employer Identification Number and is also known as a federal tax ID number. The EIN is a nine-digit number that the IRS assigns to businesses and is used to identify taxpayers that are required to file various business tax returns.

    Does your business need an EIN? According to the IRS the answer is yes if:

    · Your business has employees

    · Your business is a corporation or partnership

    · You file returns for Employment, Excise, or Alcohol, Tobacco and Firearms tax

    · You withhold taxes on income (other than wages) paid to a non-resident alien.

    · Your business has a Keogh plan

    · Your business involves trust, estate, real estate mortgage investment conduits, non-profit, farmers’ cooperatives, o

    How Your Business Can Save $6500 per Year
    If you run a small business, you probably have a hidden expense that’s eating your time, and your business’s money: Tracking employee time and productivity.When businesses are small, traditional practice is to use some sort of manual time keeping system to log employee hours. Each employee fills out a paper time sheet, the payroll administrator goes over the time sheets, cuts the checks, handles the deductions and government paperwork, and deals with requests for time off, overtime and vacation days.As businesses grow and add employees, this manual system becomes more and more cumbersome. T
    ot that I am opposed to paying my fair share of business taxes. It’s that I consider the IRS to be a little like Beetlejuice, the movie demon who appeared only after his name was called three times in a row. My fear is if I write too many IRS columns their dark agents may appear on my doorstep, ready to drag me away to an uncertain fate.

    Oh well, one must do his duty no matter the consequences, so here we go….

    Q: I am starting a small retail business. While talking to a potential supplier last week he asked for my EIN number. I had no idea what he was talking about, so I told him I would have to get back with him because I didn’t have the number handy. What is an EIN number and why do I need one? -- Robert P.

    A: Robert, do you remember the old Johnny Rivers song “Secret Agent Man?” There was a line that said, “They’re giving you a number and taking away your name.” An EIN isn’t as cool as a secret agent number, but it works much the same way when it comes to your business’ relationship with the IRS. Instead of identifying your business by name, the IRS identifies your business by EIN.

    EIN stands for Employer Identification Number and is also known as a federal tax ID number. The EIN is a nine-digit number that the IRS assigns to businesses and is used to identify taxpayers that are required to file various business tax returns.

    Does your business need an EIN? According to the IRS the answer is yes if:

    · Your business has employees

    · Your business is a corporation or partnership

    · You file returns for Employment, Excise, or Alcohol, Tobacco and Firearms tax

    · You withhold taxes on income (other than wages) paid to a non-resident alien.

    · Your business has a Keogh plan

    · Your business involves trust, estate, real estate mortgage investment conduits, non-profit, farmers’ cooperatives, o

    Revealing Secrets About the Color of Marketing
    When it comes to using color in your marketing materials, it’s both an art and a science. In my recent interview with Karen Loehr of Two Sisters Creative, we looked at how color impacts the emotions and actions of your target audience.Here’s what to consider, so that color supports your intended message, and doesn’t work against you.Kelly: Why should we take color into consideration when it comes to marketing?Karen: Actually, let’s back up. Color is our worldview – it’s instinctive, human and intrinsic to who we are. So we have an emotional, unconscious response to different colors. T
    le talking to a potential supplier last week he asked for my EIN number. I had no idea what he was talking about, so I told him I would have to get back with him because I didn’t have the number handy. What is an EIN number and why do I need one? -- Robert P.

    A: Robert, do you remember the old Johnny Rivers song “Secret Agent Man?” There was a line that said, “They’re giving you a number and taking away your name.” An EIN isn’t as cool as a secret agent number, but it works much the same way when it comes to your business’ relationship with the IRS. Instead of identifying your business by name, the IRS identifies your business by EIN.

    EIN stands for Employer Identification Number and is also known as a federal tax ID number. The EIN is a nine-digit number that the IRS assigns to businesses and is used to identify taxpayers that are required to file various business tax returns.

    Does your business need an EIN? According to the IRS the answer is yes if:

    · Your business has employees

    · Your business is a corporation or partnership

    · You file returns for Employment, Excise, or Alcohol, Tobacco and Firearms tax

    · You withhold taxes on income (other than wages) paid to a non-resident alien.

    · Your business has a Keogh plan

    · Your business involves trust, estate, real estate mortgage investment conduits, non-profit, farmers’ cooperatives, o

    Entrepreneurs - Want To Build A Great Business Very Quickly?
    Business is slow, you are not doing as well as you hoped, want to build your business very quickly? Yup we all do. Have you thought about over delivering? Give your customers more that they thought they were getting, offer them a better deal, great service and see what happens?What about my profit I hear you say. Well profit is money in minus costs of providing your sales. Well if you get more sales and manage your costs then your profit is going up as well. Think of the ripple effect when you throw a stone into a lake – it spreads out. So treat your customers well and they will not only
    umber, but it works much the same way when it comes to your business’ relationship with the IRS. Instead of identifying your business by name, the IRS identifies your business by EIN.

    EIN stands for Employer Identification Number and is also known as a federal tax ID number. The EIN is a nine-digit number that the IRS assigns to businesses and is used to identify taxpayers that are required to file various business tax returns.

    Does your business need an EIN? According to the IRS the answer is yes if:

    · Your business has employees

    · Your business is a corporation or partnership

    · You file returns for Employment, Excise, or Alcohol, Tobacco and Firearms tax

    · You withhold taxes on income (other than wages) paid to a non-resident alien.

    · Your business has a Keogh plan

    · Your business involves trust, estate, real estate mortgage investment conduits, non-profit, farmers’ cooperatives, o

    The Need For Speed
    In the world of athletics there is widely accepted principle that states: “Speed Kills”. In most sporting events speed will prevail over strength and often times speed will end-up being the deciding factor between victory and defeat. As important as speed is on the field of play it has been my experience that it is even more important in the world of business. While there is little debate that speed can create an extreme competitive advantage, it is not well understood that the lack of speed can send a company (or an individual’s career) into a death spiral. Agility, fluidity, decisiveness, commitment and
    IN? According to the IRS the answer is yes if:

    · Your business has employees

    · Your business is a corporation or partnership

    · You file returns for Employment, Excise, or Alcohol, Tobacco and Firearms tax

    · You withhold taxes on income (other than wages) paid to a non-resident alien.

    · Your business has a Keogh plan

    · Your business involves trust, estate, real estate mortgage investment conduits, non-profit, farmers’ cooperatives, or plan administrators.

    Applying for an EIN is a relatively painless task. You can apply online at the IRS website (irs.gov), apply by mail or telephone, or if you do business in a state that participates in the Federal Employer Identification Number project you can apply through you local IRS office (sorry, Alabama is not one of them).

    You will need an EIN number prior to filing business returns with the IRS, so make sure you give yourself plenty of time to obtain one. For more information on EINs and your business, consult your accountant.

    And while we’re on the subject …

    Q: I made extra money selling things on eBay last year. These were items I picked up at yardsales mostly. My husband says I am responsible for paying income tax on the money I made, but I disagree. This is just my hobby, not a business. What do you think? -- Gladys A.

    A: With so many people selling on eBay these days this is a question I get quite a bit. In fact, I have plans for a future “eBay and taxes” column, but I believe your question is more, “is it a hobby or is it a business?”

    Again, I went to the horse’s mouth (at least I think it was the mouth) for the answer. According to the IRS there are a number of factors that help determine if your hobby can be considered a business and thereby make you susceptible to the IRS tax rules governing business.

    Do you carry on the activity in a business-like manner? If you conduct your eBay activities like a business, i.e. you keep business records, track your profit and loss, keep a separate checking account, etc. then whether you think so or not, your hobby is considered a business.

    If you put considerable time and effort into your venture, the IRS may contend that you do so for profit and not fun. It seems the folks at the IRS don’t believe in doing things strictly for pleasure. My guess

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