This issue of HomeBizBytes answers the question...

    What is the most important principle you must learn in 
    dealing with taxes as a self-employed, home-based 
    entrepreneur?

Hint: If you want to reduce your taxes, you MUST do this.

____________________________________________

             --- Welcome To ---

           H o me B i z B y t e s

           Visit us on the Web at
     http://www.HomeBusinessOnline.com

              January 17, 2003

     Library of Congress - ISSN #1530-8790
* See end for contact, submission and subscriber information.


_____ IN THIS ISSUE ________________________


- Dave's and Heidi's Ramblings
     ..."How could you?" (Signed, a Concerned Subscriber)

- Important Announcement
     ...Attn: Advertisers - you'll want to know about these 
     important changes

- 2-Liners For Our Fellow Home-based Entrepreneurs

- Tax Reminder
     ...1099's for Independent Contractors

- Featured Article
     ...I Owe, I Owe, So Off To My Home Office I Go

- Kind Things You Have Said... Thanks!

- Contact, Submission and Subscriber Info

-----


Dave and I would like to introduce this week's super sponsor...


http://www.howtogetlotsofmoneyforanythingfast.com/index9.html

I CAN HELP ANYONE GET MORE MONEY FAST---and I can prove it!
I developed my powerful, exciting method over decades,
tested it on over 50,000 astonished people, and used it to
raise an incredible $2.5 million in only 2 hours.
Guaranteed. Sound fantastic? Then you've got to see it for
yourself! Get free details and even a phenomenal FREE
MINI-E-COURSE right here at
http://www.howtogetlotsofmoneyforanythingfast.com/index9.html

AOL Users Click Here



_____ DAVE'S AND HEIDI'S RAMBLINGS _________


A warm welcome from Heidi and Dave to our new subscribers.  
Thank you in advance for sharing this issue with friends, 
family and colleagues!

Friends and Readers of HomeBizBytes,

--> "How Could You?" (Signed, a Concerned Subscriber)...

Since we received one (yes, only one) email regarding concerns 
about putting our puppy Max outside during the winter, there 
could be others who are concerned. Please rest assured that Max 
is doing just fine.  He has one of the nicest set-ups a puppy 
could ever hope for, heat included.  He gets taken on walks 
twice a day and is played with all day long by our four 
children.  Max saw the vet the other day.  She says he looks 
healthier than ever and is contented to know he is in a good 
situation outdoors.  By the way, both the vet and the books 
say that Basset Hounds do especially well in cold climates.

We just wanted to set your minds at ease.  Thanks for your 
concern.

--> This issue...

As is customary, we always include a tax article or two in 
January.  So, this issue's featured article teaches you one of 
the most important principles you must learn in dealing with 
taxes as a self-employed, home-based entrepreneur.

Then, in next week's issue we'll talk about what you need to do 
to take your business from hobby to bona fide business for tax 
purposes.

We wish you all a prosperous and tax-free 2003!

Enjoy this issue.

Go ahead, pass this newsletter on to your friends and 
associates.  Let them know you sent it using your unique link: 
http://www.HomeBusinessOnline.com/nsl.htm?hbb=000196

Remember, we read every email from our subscribers, so send 
'em our way!

Heidi and Dave Perry
Your Home Office Partners
mailto:Editor@HomeBusinessOnline.com


P.S. An archive of past issues and articles may be found at
http://www.HomeBusinessOnline.com/ezine/hbb/

Participate in our helpful forums and win $1000's
http://www.homebusinessonline.com/community/forum/



_____ IMPORTANT ANNOUNCEMENT _______________

Dave and I have gone the rounds with this topic over the past 
year, but we've finally come to a conclusion.  What is it?

We will no longer be accepting ads in each issue of 
HomeBizBytes as of February 1st.

Although a tough decision, there are multiple reasons for this. 
We will explain them in depth in two issues from now.  We think 
many of you who have also been having thoughts of making 
changes in your own ezines will want to hear this.  So, stay 
tuned.  You should find this interesting.

Meanwhile, here is what we are going to do:

- We will accept and honor ALL ads that fit within our regular 
  guidelines when received by midnight, January 31st.  No ads 
  will be accepted after that date.

- ALL ads will be run in the order they were received until all 
  Sponsor and 2-Liner ads have been completed.

- Depending on feedback from subscribers, we may possibly allow 
  ads in one issue each month.

- To view guidelines and submit a Sponsor ad or 2-Liner by 
  January 31st, use this URL:
  http://www.HomeBusinessOnline.com/ezine/hbb/adinfo.html

We will mention this in the next two issues in January, but 
will not be sending out any other reminders.  Our purpose is 
not to send a stampede running to our ad submission pages 
(although this could happen since we consistently have a month's 
waiting list).  Rather, we simply wanted to let our subscribers 
know so that you can plan accordingly.



_____ 2-LINERS FOR HOME ENTREPRENEURS ______


#1 WORK AT HOME SEARCH Engine - Add YOUR Site For FREE!
Banner & Popunder Exchange, Affiliate Program FREE To Join.
http://www.workathomesearchengine.com

MAKE MONEY WORKING AT HOME. No gimmicks, no pie in the sky, 
no bull. Proven, 16-year track record.  Join Now for Free!
http://www.ezinfocenter.com/7616110.10/FREE

CREDIT CHECKS on prospective customers, slow pay collections.
Business nightmares?  Let us help
http://www.whitethornent.com/pages/8/index.htm

LIFE IS WORTH LIVING!  Be well, be healthy. Have the time and 
money to enjoy it!  Get the information - it's free.
http://www.theanswerto.com/healthandwealth

FREE ISSUE OF PRINT NEWSLETTER Piggy Bank Moms, helping moms 
save money. Email postal address to Kouponkaren@angelfire.com
http://pages.ivillage.com/kouponkaren11/piggybankmoms/index.html


-----
Want to place your 2-Liner in two issues of HomeBizBytes?
Ads will only be accepted through January 31st, midnight. No ads 
will be accepted after that date.
http://www.HomeBusinessOnline.com/ezine/hbb/adinfo.html



_____ TAX REMINDER _________________________

The January 15th estimated tax for self-employment deadline has 
already passed; however, you should now be planning for the 
next few weeks.

January 31:
Time to send out those 1099's to Independent Contractors.
To avoid penalties, get them in the mail by January 31st.



_____ FEATURED ARTICLE _____________________


                      I OWE, I OWE
              So off to my home office I go


Tax reduction is not for the timid.  So, do you dare read this 
article?

With over 40,000 pages of "Tax Code," accountants simply can't 
keep up with it.  Like it or not, we need to look out for 
ourselves.

How?

Knowledge.

Let me offer a little perspective.  A survey by the Tax 
Foundation estimated that Americans would "spend more per 
capita in 1999 on taxes ($10,298) than on food ($2,693), 
clothing ($1,404), and shelter ($5,833) combined."  Taxes eat 
up 38.2% (or more) of the average family's income; that's more 
than for food, clothing and shelter combined. (Source: Tax 
Reduction News)

If your reaction to this is, "Boy, this is frustrating, but 
there's nothing I can do about it," then there really is no 
reason for you to finish reading this article.

However, if you feel there must be a legal way to reduce your 
taxes, and if you'd like your home-based business to help you, 
you'll be interested in what's to follow.

Now, I know you want to reduce your taxes, but the thought of 
spending time reading about income taxes ranks right up there 
with having a root canal.  Better to just hand everything over 
to an accountant and let him/her handle it all. Right?

No way!

Remember the 40,000 pages of tax code?  And, you expect the 
accountant to be on top of all 40,000 pages?  You expect 
him/her to know every deduction you can possibly take?

Think again.

I'm not saying to not hire an accountant.  Dave and I use an 
accountant, ourselves.  What I am saying is that YOU need to 
take charge of your own taxes.  Yes, YOU!

I can't count the number of times I've heard people complain 
about how their accountant actually cost them money.  Or, how 
about the ever-present complaint of the accountant him/herself? 
"I wish I had known about such-and-such, I could have saved you 
a lot of money."

The plain and simple truth is, one of the biggest hurdles 
you'll face in running your own business is to stay on top of 
taxes you have to pay now that you're self-employed.

Okay, have I scared you off yet?  No?  Great, then I've got 
some very good news for you.

Having a home business is one of the very best ways you can 
reduce your taxes. It's true! You just need to know how.  When 
planned correctly and with a bit of knowledge under your belt, 
you will save more on taxes than you did in your regular day 
job -- substantially more!

Whether you use a tax service, file online or use an accountant 
to do your taxes, you need to think of them as a help, not the 
end to the means.  Get some knowledge under your belt, then use 
that knowledge to question everything.  Make it easy on your 
accountant to include every tax deduction YOU and HE/SHE can 
find.

So, do you need to know all 40,000 pages of tax code?

Oh, please no!  That'd be reason enough for me to split the 
whole self-employment scene.

Actually, you simply need to know where to look to find the 
best information for the self-employed, home-based 
entrepreneur.  There are plenty of good books and courses 
available. Here are a few excellent resources that Dave 
and I like for the price (U.S.-based):


- The Definitive Small Business Owner's Guide to Saving Taxes 
  All Year Long - by Jeff Parrack, CPA
  (An 8-hour, all-day seminar re-written for you to read and 
  use as a reference.)
  Receive an automatic 15% discount through this link:
  http://www.homebusinessonline.com/preview/cpajeff.html

- It's How Much You Keep That Counts - by Ronald R. Mueller, MBA
  http://www.homebusinessonline.com/preview/taxsavings.html


Since I don't keep up with self-employment tax laws of other 
countries, I cannot recommend any non-U.S. books or courses.  
However, you should be able to find plenty of information by 
doing a search on Google.com or visiting your local bookstore.

Now, armed with the knowledge you need, liberate yourself from 
overwhelming taxes.  Keep and use that heart-earned money to 
better your business and your life.

You've earned it!

------
About the Authors:
Successful entrepreneurs Heidi and Dave Perry are founders of 
HomeBusinessOnline.com and PrettyGreat.com.  Receive free 
issues of their popular HomeBizBytes newsletter:
http://www.HomeBusinessOnline.com/nsl.htm?hbb
-----
Note: You have permission to reprint this article in its 
entirety with the above credits included.



_____ KIND THINGS YOU HAVE SAID ____________

Note from Heidi & Dave: Thanks so much for your kind words.  
They keep us going!...


   "HI Heidi really appreciated you calling me back each time 
   and I enjoyed taking to you, you sound like a very nice 
   person.
   
   Thanks for spending so much of your time answering my 
   questions. It's nice to know you can ask somebody questions 
   by phone, most people only want you to e-mail them."

   David Sipos
   Compress photos and graphics into tiny file sizes to 
   transfer through email - http://myphotozip.com/?url=2729



_____ CONTACT AND SUBMISSION INFORMATION ___

* Please tell us how we're doing!  Send any comments
  or feedback about this ezine to
  mailto:HBB_feedback@HomeBusinessOnline.com

* If you wish to contribute an article or resource to
  the newsletter or site please email
  mailto:Editor@HomeBusinessOnline.com

* Permission to reprint or forward this ezine in its
  entirety is granted, as long as all copyright info
  and credits are included.  If you would like to
  reprint a portion of this ezine, please
  mailto:Editor@HomeBusinessOnline.com .
  We'd love to provide something useful for you and
  your readers!

A heart-felt thank you for subscribing,

Heidi and Dave Perry, Editors
http://www.HomeBusinessOnline.com
Editor@HomeBusinessOnline.com



_____ SUBSCRIBER INFORMATION _______________

This newsletter is published weekly and only sent to actual
opt-in subscribers or as a result of someone forwarding a copy
to you.

* If you wish to join, subscribe at
  http://www.HomeBusinessOnline.com/nsl.htm?hbb
  or send a blank email to
  mailto:nsl_sub@HomeBusinessOnline.com

* If you have changed your email address, please send
  us your updated address information to
  mailto:HBB_sub_modify@HomeBusinessOnline.com

[Email address info]

* To unsubscribe, please click on this link:
  [unsubscribe email link]

____________________________________________
© Copyright 2003 HomeBusinessOnline.com
- All Rights Reserved

All advertisements in this Ezine are by Independent 
Advertisers, and the views expressed within are not necessarily
the opinions or views of the publisher of HomeBizBytes.