Legitimate Home Based Businesses

Posts Tagged ‘home’

Question: Starting my own Home-Based Direct Sales Company, do I need to file a DBA with the county?

I am just trying to get my ducks in order here...I know most women who do the home-party thing don't do it right, I have worked for my family's business so I know there are things that need to be done...

Answer: I am currently a distributor for a Direct Sales company and I will give you the information I know based from my company.

It depends on the Direct Sales Company you are with & where you live (some states require it) if you need to file a DBA. You should HAVE to... you just have to claim your income at the end of the year. You are a representative of an established business, which is why you shouldn't have to.

Your Direct Sales company should be collecting and remitting all sales tax on anything you purchase already. This is the LAW for any Direct Sales company. If YOU choose to collect and remit sales tax to the state, you need to contact the states Department of Revenue to obtain a sales tax license. Once you transfer the responsibility of the collection of sales tax to yourself, all record keeping, remittance of sales tax returns and monies due to your state (and local authorities, if applicable) will be your responsibility. You will be responsible for collecting and remitting sales tax for any items purchased for your personal use, business use, and any retail sales you make

You may need a license if you intend to sell at shows. As for a business number for tax purposes, your social security number should be suffice.

I don't have a DBA or license yet, and I haven't had any problems with my taxes, (and I claim my income on my personal taxes).

Your Direct Sales company should be able to answer this question for you, or you can talk to the Dept. of Revenue.

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Question: Is it always beneficial to have a home based worker be an independent contractor?

I am writing a tax memorandum for a tax class. It is based on a woman who has a Home Based Business. She has one friend who helps her out and pays her roughly $5,000 per year for her help. She pays in cash/personal check.

Answer: I'm not sure what Biz Teacher is getting at. Yes, it is legal and far more beneficial to pay her by check (cash). As long as she does not qualify as a regular employee (which you clearly state) based on IRS regs. Your friend will of course have to give her a 1099-MISC and then can deduct the amount paid out on her schedule C.

Home Based Business Ideas for Women

Question: Are there any Legitimate Home Based Businesses that work? with low start up costs and ongoing costs??

Very hard to sift through whats a scam and whats not - ''pay 2 dollars a month and earn 1000/week?'' c'mon...any advice for me or a point in the right direction

Answer: Don't waste your time looking for internet "jobs." You'll just be bombarded with all kinds of scams.

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