Financial Freedom » business

What important components make up a balanced home business budget?

Financial Advisor — Mon, 08 Feb 2010 20:57:32 +0000

According to Gayle Von Oxlade from Till Debt do us part, she says your monthly income should be divided up into the following parts. 25% housing, 15% Debt Repayment, 15% Transportation, 10% Savings/Emergency, and 25% Life which includes food, medical, diapers, pets etc. Any takers on what makes up a balanced home internet business budget?

I have a tax id# for my business. How do I establish a line of credit?

Financial Advisor — Mon, 08 Feb 2010 03:13:28 +0000

I set up my music publishing company and I am registered with ASCAP. I am ultimately looking for about $20G "start up money" to grow my business into a mulitimillion dollar company. But in the immediate future, I only need about $8000 to build my home studio/office. My personal credit is being established because I learned that an insufficient credit history is the same as having bad credit. But I want to use my tax id# as an alternative short term solution until I am in a better position to execute my business plan. If you have any leads, please share. Thank you.

Employee used business credit card and cannot pay us back for personal expenses, what would a tax auditor do?

Financial Advisor — Sun, 07 Feb 2010 15:04:48 +0000

Several thousand was spent. We did not file charges, but just fired her. What would the consequences of an audit be?

Can you use your business lines of credit for your personal use and write it off on your business taxes?

Financial Advisor — Thu, 04 Feb 2010 14:45:52 +0000

I have four business accounts:

Dell
Office Depot
Staples
Exxon

If I were to use my Exxon for half business and half personal, is that illegal? What are the stipulations on using your business credit for personal credit and writing the expenses off on your taxes? This will be the first year that I am doing real business. I just want to make sure I am doing everything right.
I have a legitimate business with a Tax ID Number and I do have one client so far. The only major purchases I have done is bought a new Dell computer for my home/office. Also, I have bought some office supplies but that's about it.

How do I find information on government grants and/or government loans for starting up a new business?

Financial Advisor — Thu, 04 Feb 2010 09:00:20 +0000

I am in need of funding for business equipment and software to start my own business from home. I have seen commercials regarding government money being out there and available for all sorts of reasons like, business start up, buying a home, renovations, debt consolidations, etc. But, these commericals are advertised by people who want a fee for the information on these grants and loans. I have always figure that if they could find this information then I should be able to also. And, I have looked on and off for awhile now and can only find information if I pay a fee to someone else. Does anyone have any suggestions or has anyone actually received one of these loans and/or grants?

i want to apply for a business tax id but wondering if it will be connected to my personal credit?

Financial Advisor — Wed, 03 Feb 2010 21:12:19 +0000

What are the business risks (taxes) of allowing personal checks, credit cards and other means of payment?

Financial Advisor — Tue, 02 Feb 2010 02:57:51 +0000

I am opening a used bookstore and want to know the risks/taxes/rates I will face from allowing personal checks, credit cards, and other means of payment.

Where can I apply for business credit without using my personal info?

Financial Advisor — Mon, 01 Feb 2010 20:47:04 +0000

I own a construction company and I am trying to establish credit for my business as well as find a legit credit repair company to repair my personal credit, my company pay taxes, we have the tax ID #, and we are incorporated. I have used my personal credit for my business as it has caused my scores to go down. Appreciated if anyone could help!

Teach me Credit Consolidation Business How to ?

Financial Advisor — Sat, 30 Jan 2010 15:10:58 +0000

hello if you are in the business of consolidating other people's debt or collection, for instance they owe a $5000 collection can you please explain to me how it is that you negotiate the debt down for $2000 for example.

What kind of bussiness structure do i form to protect my business from my personal tax liability?

Financial Advisor — Fri, 29 Jan 2010 16:14:13 +0000

I am starting my own catering company here in austin texas and i want to know what kind of business structure i need to form.

As the result of a divorce, i have a lot of back taxes and bad credit. I need to know how to protect my small business from my personal crap.