Business or Hobby?

Sara
Whether someone has a business or a hobby is very important from a tax standpoint. Tax authorities all around the world require taxes to be paid on the profits of a business, whereas money from a hobby does not get taxed. The effects of this need to be considered from both sides. For example, in the network marketing industry many people get started on the basis that they are going to get tax deductions for all their expenses including automotive, accommodation and travel as well as the products they purchase for their personal use.

Read More

Why Business Networking Is A Good Idea

Sara
Whether you have a new small business or have been operating for years, connecting with other businesses and company owners is a crucial ingredient of success. Some business experts call it strategic networking while others call it social networking. In any case, networking and connecting with other company owners is a sure method to grow your business in any market. Connecting with other businesses and company owners is a smart decision for a number of reasons.

Read More