small business hub

informational entries for Entrepreneurs, Sole Proprietors, and Small Business Owners

Self-Employed Individuals Tax Center

Who is Self-Employed?


Generally, you are self-employed if any of the following apply to you:

 ~ You carry on a trade or business as a sole proprietor or an independent contractor. 

 ~ You are a member of a partnership that carries on a trade or business.

 ~ You are otherwise in business for yourself, including a part-time business.


Check Out the IRS Self-Employment Tax Center: 

https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center

Tax Reform 2018 and Your Small Business

Changes to Depreciation that Affect Businesses Now!

The IRS reminds businesses that the passage of the Tax Cuts and Jobs Act may affect their depreciation deductions and taxes.

Business taxpayers can generally depreciate tangible property except land, including buildings, machinery, vehicles, furniture and equipment.

Changes to depreciation and how they will affect businesses may include:

  • Businesses can immediately expense more under the new law; taxpayers may elect to expense the cost of any property and deduct it in the year the property is placed in service.
  • Maximum deduction increased from $500,000 to $1 million.
  • The phase-out threshold increased from $2 million to $2.5 million.

The new law allows taxpayers to elect to include improvements made to nonresidential property. The improvements must have been made after the date the property was first placed in service. These improvements include:

  • Any improvement to a building’s interior
  • Roofs
  • Heating and air conditioning systems
  • Fire protection systems
  • Alarm and security systems
  • Improvements that do not qualify:
  • Enlargement of the building
  • Service to elevators or escalators
  • Internal structural framework of the building

These changes apply to property placed in service in taxable years beginning after December 31, 2017.


Schedule An Appointment to:

1) Plan/Estimate your Individual/Business tax liability for the 2018 Tax year

2) Review new policies surrounding 2018 Tax Reform (Tax Cuts and Jobs Act)

3) Discuss options for reducing your taxes for 2018

4) Address any questions you may have


Schedule An Appointment

"We Guarantee Your Peace of Mind!"

eBook- Home Business Tax Masterclass: The Basic Keys To Success!


Are you thinking of starting or launching a 'Home-based' Business? Then the Home Business Tax Masterclass - The Basic Keys to Success is right for you!


This 'eBook' publication covers the basics of:

  • What you need to know about Federal Taxes and your new Home Business.
  • Information on calculating and claiming the deduction for business activities in the home as well as business use of the home.
  • Requirements you must meet to qualify for a deduction, how to determine the business percentage of home use, the types of expenses you can and cannot deduct either in full or according to the percentage, how to determine the limits on deductions, and where to deduct the expenses on your return.


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Become an Avon Representative

EARNING EXTRA INCOME IS JUST THE BEGINNING! AS A REPRESENTATIVE YOU CAN ALSO: 

  1. Traveling as a Representative
  2. Earn trips to great vacation destinations
  3. Design, create and print business tools for free
  4. Enjoy education benefits & tuition discounts to keep your career moving
  5. Access highly rated health, dental and vision insurance plans
  6. Receive discounts on voice, data and WiFi service for all your digital devices

READY TO START YOUR SMALL BUSINESS?

  1. Sign Up: Getting started is easy. Your new kit has all the essentials you need to get up and running.
  2. Share: Hand out Avon brochures to family and friends and put your free Avon Online Store to work so your customers can shop with you 24/7.
  3. Earn: Part-time or full-time, sell Avon anytime and earn up to 40% on all sales.

GET STARTED: https://www.youravon.com/becomeARep?shopURL=aliciahall

INVEST IN YOURSELF! 

B.Y.O.B. ~ BE YOUR OWN BOSS!

"Unbought and Unbossed!"

We are in a New Millennium, and a New Age of 'Money' Awareness. It's Time to be Wise about Your Money, and learn how to 'Invest In Yourself!'

VISION: Empower Others through Education and Information about Money, Income Tax, and the Power of Small Business Investments. In other words, 'What Can You Do for Yourself?'

MISSION: Self-Empowerment through Self-Investment. Be Your Own Boss!

OBJECTIVE: Educate and Empower through Money Keys and Self-Investment Ideas relevant to this Millennium.


Get Started Now: 

https://squareup.com/appointments/book/CZF7NV93B9QXA/millennium-tax-services-llc-new-orleans-la


Subscribe to our YouTube Channel: https://www.youtube.com/channel/UCJJqo58d8N1A_vuwiN-Q8XQ?view_as=subscriber


Get the eBook Now- Home Business Tax Masterclass: The Basic Keys To Success!

http://www.lulu.com/shop/http://www.lulu.com/shop/alicia-hall/home-business-tax-masterclass-the-basic-keys-to-success/ebook/product-23900654.html


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