Business Use of the Home

If you are planning to conduct a business out of your home, you should be aware that you could be eligible to take a very valuable tax deduction. The following is a summary of the qualification requirements: ELIGIBILITY FOR CLAIMING HOME OFFICE DEDUCTION If you use part of your home exclusively for business purposes on a regular basis, some of the costs may be deductible. This could involve a spare room, part of your basement, your garage, an attached building, or a separate structure. See … 
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Employees vs. Independent Contractors

Employees vs contractors. A key decision facing every new business is how to hire people to do work for the business. Worker classification is an important legal distinction that determines payroll tax liability and the employer responsibility to pay for the worker’s expenses, tools/equipment and insurance. The factors used by the IRS and the courts to decide if a worker is company employee or an independent contractor refer are summarized on one page in IRS Publication 1779 – Independent Contractor or Employee. These key factors … 
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Taxes and Business Ownership

The ugly word none of us want to utter Taxes, especially business owners. You may not want to think about them but it is something you must know about if you are a business owner. Today we are providing a summary of the briefs available for tax information that is useful for every business owners. Tax Issues for Home Business If you are planning to conduct a business out of your home, you should be aware that you could be eligible to take a very valuable … 
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Basics of Becoming a Professional Sales Person

If you are a solo or micro business owner it is likely you are also the sales person or Rainmaker for the business. You may not think of yourself as a sales person, but it is critical to the success of your business that you become a great sales person. If you want to become a successful salesperson rather than just being an order taker, consider the following key points: Qualities needed by the successful salesperson A competent sales person has: ego, drive, empathy, good … 
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Search Engine Optimization

Search Engine Optimization (SEO) provides a means to reach target audiences through improved web site positioning in search engines. The following tips are some basic best practices to consider in optimizing your site for improved search engine performance. Identifying Target Search Terms The first step is to identify the search terms (generally referred to as keywords) for which you want your site pages to be found in search engines – i.e., words that a prospective visitor might type into a search engine to find relevant … 
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What is a Copyright?

As a business owner you have definitely heard the term copyright, but do you know what it really is? Copyright is a form of protection provided by the laws of the United States to authors of original works of authorship. Works that can be protected by copyright are: literary works; musical works including words; dramatic works including accompanying music; pantomimes and choreographic works; pictorial, graphic and sculpture works; motion pictures and other audiovisual works, sound recordings; architectural works and computer software. Some things are not … 
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Everything a Start Up Needs to Know

Once again we offer you a roundup of the multiple resources available through SCORE. Starting Your Own Business Want to start your own business? Our best advice to you is “Be careful!” Why? Because more than half of new businesses fail in their first five years of operation. And, with that failure, the owner incurs a significant loss of time, money, and credibility and, frequently, his good credit rating. Business Information Centers Ohio, Kentucky and Indiana maintain information offices which provide start-up and operating businesses … 
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Trademarks and Service Marks

Trademarks and Service Marks can be confusing but they are important terms to understand for your business. This is a general overview of trademarks and service marks. Please check these websites for the most up to date information: US Patent & Trademark Office: www.uspto.gov/, and the Ohio Secretary of State: www.state.oh.us/sos/ What is a Trademark? A Trademark is any word, phrase, symbol or design or combination thereof that identifies and distinguishes the source of goods from one party from those of another. Examples are the … 
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Registering Your Business In Ohio

This infographic will give you the information you need to register your business with the State of Ohio. Discover the steps needed and the forms to complete. If you find this of value please share in your social media networks.

Mentoring with SLATE

The idea behind SCORE is simple: the expertise and passion of thousands of successful entrepreneurs positively affecting the success of millions of individuals. But the process takes time and relies on the right mentors with the right clients. Your focus and efforts will help America’s small businesses flourish. SCORE believes that SLATE is the perfect acronym for a mentoring methodology. When you begin each mentoring session, remember SLATE and how you should start each session with a clean SLATE. Be open to new possibilities. Be … 
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