The Tax Club
Helping Home-Based Business Owners Take The First Step Towards Success
There has never been a better time to start a business from home. With the current economic climate, many prospective entrepreneurs are reluctant to make big capital investments in office real estate. A home office affords millions of entrepreneurs the flexibility to run a business while also taking on other responsibilities like a family or a full time job. This low start-up cost option also affords a business owner many advantages that most starting entrepreneurs are unaware of.
The Tax Club - A Powerful Resource
If you are an entrepreneur thinking of running a small business from your home office, then The Tax Club can prove to be an extremely powerful resource for your endeavor. Whether you need help with setting up a business entity, creating a tax strategy, or making the most of the home office deductions to which you are legally entitled, The Tax Club can make these important and difficult areas of your business seem easy.
Many business owners starting from home fall into the trap of taking their endeavor too casually, becoming cavalier when it comes to making important decisions for liability protection and financial savings. By teaming up with The Tax Club, you can feel comfortable knowing that our team of tax experts will guide you through each step of the process so that your time can be better spent on generating revenue.
Give yourself the advantage in a competitive marketplace. Schedule a free consultation with The Tax Club today and get your business started on the right foot from the first step!
The Tax Club wants to see our clients' businesses become profitable by providing expert advice and services in the business and tax fields. Whether it's business market research, marketing and business planning, recordkeeping or guidance on e-commerce payment options, The Tax Club's experienced team assists business owners in making the best decisions. The Tax Club highlights the fundamental steps new small business owners, specifically those involved with e-commerce, should consider when starting their business. It's not enough to be a business owner; you must understand and take part in all aspects of the business in order to increase your chances of business survival, and ultimately, become a successful business leader. The Tax Club will provide assistance with these business aspects, and we encourage our clients to ask questions when they are confused about any part of the business process.
An excerpt from The Tax Club Report
" Most people start a business from their home by registering the business name as a sole proprietorship or partnership in the county in which they reside. The owners obtain Employer Identification Numbers (EIN) from the IRS and report information about the business on their personal tax return. This method is widely used because sole proprietorships and partnerships are by nature easy to create, maintain, and close down. Unfortunately, the characteristics of sole proprietorships and partnerships have many disadvantages to business owners. One of the disadvantages of having one of these two entities is the lack of separation of the business and the individual. If a customer files suit against a sole proprietorship or partnership, the customer can go after the possessions of the small business owner such as cars, houses, and property. Similarly if the business files bankruptcy or runs into financial hardship, banks and collectors can use the same personal property to settle debt or payment dilemmas. In this situation a failed business can not only destroy the dreams of a business owner but it can also alter their personal life in a huge way."