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So your part-time hobby has turned into a business or a few favors for friends have turned into a fully-fledged income, but when it comes to paying taxes, you don't know where to start. You know that you have to pay your taxes, but all of the legal jargon has you confused. Well while there are a multitude of choices as to how to establish your business, the easiest ones

Do you have children or help take care of a relative? If you do you will happy to know that you can have a reduction in taxes as a result. There are 3 ways having children can help reduce your taxes namely: By claiming them as a dependent Claiming the child tax credit Claiming the earned income credit. Claiming your child as a dependent Your children can help you reduce your

Do I have to file a tax return? Whether or not you file a tax return depends on these 3 factors: 1)  Gross Income. What is included in gross income? Goods, property and services that is not exempt from tax. Income made outside the U.S. Self-employed income includes: Any trade or business as a sole proprietor Independent contractor Member of a partnership Any form of business for yourself Gross Income test

Have you ever tried to put together a puzzle without the picture the pieces represent? This could be a very frustrating process. You stumble your way through the process hoping to arrive at the right picture at the end. Even though it is possible to build a puzzle without the picture, the frustrations could be so great that most people give up before the picture is completed. Let’s take

  Think first: When other people cannot achieve something they tell you it's impossible for you to achieve that thing. Have you ever wondered if you are capable of building a profitable small business? Do you find yourself in a spiral of getting a job, then venturing into entrepreneurship, then back to getting a job? If this sounds like you it might just be because you are not speaking the