there are shop premises near me and i would like to rent one but can’t afford the rent on any of them alot of the stuff i want to sell and also alot of the stuff i give to charity i use to do car bootsales but i don’t drive due to my vision also i did have friends who helped me by taking me there but they would do it for 1 or 2 weeks then they would stop. ,there use to be shops like this years ago but you don’t see them anymore what i would sell and donate ranges from aprons to pc hardware tables chairs phones tv’s shelving coats ink for printers and karioke machine etc etc . This would be a life long dream to me to have the oppotunity to do this i am not doing it with the thought i want to be rich ,its the thought of helping others in an around my community all i need is to cover the rent of the premises and feed me and my dog i am known by many people in hertfordshire from doing the bootsales and anyone can tell you im ok o7731430046 rayner24@hotmail.com thanks
Posts Tagged ‘Business’
Can a business write off billable time to a charity?
I own a computer repair business and would like to volunteer to maintain a local charitable organizations computer systems in my home town. Would this be a write off. And what about the travel to and from the location in a company car. Would that be write that off too?
can anyone donate to my business?
i have started a business to help underprivleged persons get back on their feet and people who have had some sort of a disaster (ie. fire, flood, etc.) also persons with disabilities who are struggling trying to make ends meet. is there anyone out there who would be willing to make donations of any kind? email me for where to send. i will accept anything you may have broken or not. i try to fix the non working items myself. if not fixable it goes to dump. examples of donations are anything: food items, clothes(can make quilts with worn out clothes), dishes, any type of furniture, cleaning supplies, toiletries, money, automobiles, real estate, mobile homes, appliances, i mean anything that i can use to help others. AND YOUR PRAYERS! can you help? i could also use any suggestions anyone may have. my email is shakyd67420@yahoo.com thank-you all and GOD BLESS.–dave
If I wrap my car for my business what kind of tax deduction can I expect?
If a car is wrapped could every mile driven be considered an advertising cost? How do business tax deductions work for wrapped cars?
I bought a car at a donation center and the title has a lien, this lien holder is now out of business?
How can I remove the lien from the car title if this dealership is no longer in business. It took me 2 years to fix the car and now i cant register it in PA because of the lien issue.
Local Business Helps Springfield Open Pantry
Food donations are down at the Open Pantry in Springfield and one business owner wants to help. As part of Jim’s Auto Trim Specialists grand opening, owner Jim Kahle has been running a food drive.
How Can I Get A Business Or Organization To Sponser Money For An Event?
Does anyone know any business an organizations i can get to give money donation for an event i’m hosting? an who would they be? also is there a car company that will donate a car to a poor family for free if i contact them on the family behalf?
Five Don’t That Will Help you Create a Successful Business
“I’ll just wing it!” I know some people that seem to live their life by this phrase. It becomes something of a badge of honor that they tout, almost like they have cheated the system by avoiding the rules of the game.
I am planning a business trip to Las Vegas next month and I am all set. I have my plane tickets, my hotel reservation and my schedule of events. I know that I will have a shuttle service from the airport to my hotel, internet access and no room service and I have planned accordingly. Although I am a pretty good “winger”, when need be, it is not something I practice regularly. Perhaps this approach to life has been an even deeper asset in the area of my business. Although “winging it” may work when you are enjoying a day at the beach, it is not recommended when running a business and certainly is not a key to starting a business.
Women often face unique obstacles but also enjoy wonderful benefits by owning their own business. Like many others, being at home with my children was both my motivation and reward to starting something of my own from home. With the serge of the internet, amazing opportunities are now possible that were not even an option a generation or two ago.
I often get asked by others, especially women, “What is your secret to having a successful business when so many businesses in your field fail to thrive?” I think what they are really asking is “Can you tell me how I can have a successful, business?” This is always tricky to answer. After all, as women, we have the ability to birth babies, businesses shouldn’t be to hard, right? How I respond usually depends on how much time we have to talk. The short answer is that I do hundreds of very important things exceptionally well. The long answer is, well, longer. I will outline some of the key things that I suggest avoiding that will help ensure a great start to your business venture.
Don’t go in blind. (AKA “winging it”).
Heavily research the field you are interested in being a part of before you move forward with your start up plans
• Find out what areas are still untapped and what needs are currently unmet. Talk to others in the industry. Find out if there’s a niche within that field that has not yet been dominated or a service that is still needed or could be improved upon.
Study your competition:
• What experience, expertise or passion can you contribute that is better or would set you apart from the current choices? How do your competitors get the word out about their product or service? What will you do to advertise or create a buzz about what you have to offer?
Locate the pitfalls and make sure you can overcome them:
• Is this industry seasonal? What can you do in the down time to get ahead of the competition next year or what can you offer during this time to the same target audience? Is your product brand new to the market? How will you get the word out so that those who would benefit by it can find out about it?
Have a backup source of income:
• If you are not dependant on the instant financial success of your business, you will be able to give it the time it needs to grow without feeling forced to put it too quickly in a certain direction or give up on it to soon.
Don’t do it alone.
Seek out an experienced mentor (better yet, a few people)
• If you know someone in person that can do this, great! However, it is not necessary for you to personally know mentors to learn from them–there are a plethora of websites, blogs internet radio shows, book that can do just. Some of my best lessons have been taught from people I have never met. Schedule this time into your week to learn and improve. Currently, I have a great business book by my toilet, a fantastic audio CD in my car stereo and have bookmarked a list of favorite websites and blogs to check when I have a few minutes of down time. This makes it easy to stay motivated and inspired because I always have great material close at hand. Being a woman in business is to your advantage in this area I believe. Women often love to talk and share stories. If you get in with the right crowd of women in business you have a gold mine of available discussions you can learn from. I found that the women in business that I interact with are more than willing to stare ideas, stories, leads and tips. We have created a mini-group of on-line entrepreneurs among ourselves and have grown and learned a lot form one another. There are also many online resources specifically geared toward woman and moms who are also business owners. A blog I enjoy that is dedicated to women entrepreneurs’ success is http://www.StartupPrincess.com/
Don’t be ordinary.
I have enjoyed Seth Godin’s take on the “Purple Cow” approach to business and I wholeheartedly agree.
• Stand out! Find an area (or two or three) that you can really wow your audience. Make your business something worth taking about and people will want to support you. The great thing about this angle is that each field and business has it’s own unique opportunities to stand out. I recently found out about a website (http://tomsshoes.com) that sells shoes. For each pair of shoes they sell, they donate a pair to someone in need. This is exceptional business! After visiting this website, I wanted to buy some shoes. Not because I needed them but because I got excited about this companies vision. Not only that but I shared it with my husband and friends and now I am mentioning it to you!
Don’t stand in the shadows.
Be transparent with your customers and your audience, they will get to know you and as a result, will start to trust you.
• If the owner of a business takes an active role in working with their customers, this stands out. When I go out to eat, I enjoy seeing the restaurant owner walking around and talking with their guests. Even if they don’t stop and talk to me, it makes me feel important that they are taking the time to be “among us”. Even if you have an online business there are still many ways (perhaps more) that you can do this. The great thing about women is that we are relational. This means we are naturally more inclined to do well in this area–draw on this and work it to your advantage.
• If you have a website, make your “about us” page as personal as possible. Include a photo of yourself (maybe even with your family). Tell your customers about your passion for the field you are in and why you are so excited about it. On my website, I not only have a photo of myself with my family, but photos of my staff as well. I also have photos of the moms behind the mom-invented products I sell and their story included on the product pages in an effort to make our website as personable as possible.
• Keep in contact with your customers. Send out a regular newsletter (written by you). This gives you a voice and helps continue that ongoing relationship that you have started. I recently started using weekly YouTube videos on my blog to connect even further with my customers and allow them to see my personality and identify with me as a person and a mom, rather than just the owner of my business.
Don’t be stubborn.
If you discover that the road you are going down is not going in the right direction, make a change!
• Sometimes you will know you are headed down the wrong path or sometimes your customers will let you know (hopefully you have been asking for their feedback and suggestions). Correcting course is normal and expected, not a sign of failure.
Owning a business is tough, there is no sugar coating it! As experience has shown the first few years can often be the hardest. The good news is that we often live much longer than a few years so we can take a few rough starts and still have a good chance of coming away with something successful. I challenge you to plan your business, wing your vacations and enjoy a life filled with rich rewards!
Business Tax Deduction Tips
Tax Deductions (Business Tax Deduction Tips)
Tax tips and tax help to assist taxpayers by describing options
for tax reduction and tax cuts through lawful tax deductions.
Tax deductions contribute to national prosperity by providing capital to business. Tax deductions reduce taxable income. A $100,000 tax deduction reduces federal income tax by $35,000 ($100,000 X 35%) assuming a 35% income rate. Options for increasing business tax deductions include revising depreciation schedules, reviewing fixed asset listings, casualty losses, bad debts, and charitable contributions.
Real estate depreciation offers substantial opportunity for increasing tax deductions. Most depreciation schedules are established by simply separating land and long-life improvements. This simple approach is lawful but sharply understates lawful depreciation. About 20-40% of improvements for most properties are short-life items. Short life items can be depreciated over 5, 7, or 15 years. There are about 130 short-life items that have been determined by legislation, tax court decisions and IRS rulings.
Real estate depreciation can typically be increased by 50-100% for the first 5-7 years of ownership by obtaining a cost segregation study. A cost segregation study precisely values up to 130 components of real estate that can be valued as short-life property.
By obtaining a cost segregation study, it is possible to obtain a windfall of tax deductions by “catching-up” previously under-reported depreciation. This one-time “catch-up” can occur in the first tax return filed after the cost segregation study is performed without filing any amended tax returns.
Reviewing fixed asset listings (of business personal property) can generate a meaningful amount of tax deductions. They often include items that should have been expensed, which have been sold or thrown away or which have an excessive depreciation life. Items that should have been expensed include operating expenses (sometimes included by error) and maintenance or repairs (which was necessary but did not increase the life of the assets or component.) Section 179 allows business to use up to $108,000 of 2006 capital expenditures as tax deductions. Confirm you are not capitalizing assets that could be claimed as a tax deduction.
Casualty losses also offer opportunity for tax deductions. For a casualty loss, you can deduct: 1) the market value immediately before the casualty less 2) the market value immediately after the casualty less the amount covered by insurance. The portion that is not intuitive is: the market value after the casualty is much less than the value before plus the cost to renovate. Other factors which can and should be considered for tax deductions are: lost rent/usage, stigma (in some cases), construction management, construction risks, and entrepreneurial effort.
Bad debts are a subjective matter. Judgment is required to accurately estimate the amount that should be claimed as a tax deduction. If bad debts have not been examined carefully for several years, they may offer a meaningful tax deduction opportunity. (This applies to companies who utilize accrual accounting. Companies who use cash accounting can’t claim a tax deduction for bad debt since they never recognized the revenue.)
Do well by doing good. You reduce taxes in several ways when making charitable contributions. For example, you purchased land 10 years ago for $200,000, and it is now worth $1,000,000. However, you now realize you will never use the land for the intended purpose. You can donate the land to a qualified charitable organization and take a tax deduction for $1,000,000. However, you do not have to pay capital gains taxes on the appreciation.
Tax deductions sometimes seem arcane and complicated. However, a knowledgeable team of advisors from several fields can reduce your federal income taxes. The complexity of the tax code makes it difficult for any one personal to be knowledgeable in all areas.
Cost segregation produces tax deductions and reduces federal income taxes across the country and in every size market. Below are just a few examples of cities where cost segregation generates meaningful tax deductions.
City:
- New York, NY
- Houston, TX
- Hartford, CT
- Las Vegas, NV
- Memphis, TN
- Philadelphia, PA
- Orlando, FL
- Phoenix, AZ
- Atlanta, GA
- Bridgeport, CT
- Worcester, MA
- Akron, OH
- Harrisburg, PA
- Salt Lake City, UT
- St. Louis, MO
- Portland, OR
- Scranton, PA
- Greenville, SC
- Bakersfield, CA
- Madison, WI
- Chicago, IL
- Fresno, CA
- Riverside, CA
- Albany, NY
- Indianapolis, IN
- Birmingham, AL
- Ft. Lauderdale, FL
- Baton Rouge, LA
- Augusta, GA
- Honolulu, HI
Cost segregation produces tax deductions for virtually all property types, including the following:
Property Type:
- Medical facility
- Shopping mall
- Restaurant
- Country club
- Fast food restaurant
- Power center
- Hotel
- Car wash facility
- Convenience store
- Health spa
Almost every industry, including the following, can generate cost-efficient tax deductions by using cost segregation.
Industry:
- Golf courses and country clubs
- Transportation equipment manufacturing
- Electrical component manufacturing
- Real estate lesser
- Apparel manufacturing
- Wood product manufacturing
- Plastic and rubber products manufacturing
- Furniture stores
- Beverage and tobacco product manufacturing
- Building supply dealers
O’Connor & Associates is a national provider of investment real estate consulting services including commercial real estate appraisals, business personal property valuations, business purchase price allocations, business valuations, cost segregation studies, due diligence, and insurance valuations. O’Connor & Associates is a national provider of income tax, tax deduction,property tax,real estate consulting, market research,condemnation appraisals,highest and best use,cost segregation,financial modeling,Galveston central appraisal district,Tips and Tricks for Appealing Your Property Taxes in Brazoria,Brazoria county appraisal, and Federal tax reduction. Appraisal services are provided for all commercial property types including nursing homes, discount stores, truck terminals, tennis clubs, supermarkets, country clubs, medical offices, mini-warehouses, restaurants, vacant lands, skating rinks, community shopping, centers, power centers, car wash facilities and service stations.