A survey conducted near the end of 2009 indicated that there was over 229 Million websites available. No doubt this number has grown substantially since then. This means that for every 100 people in the United States, there is one website for 75 of those people! Having a website is just the tip of the iceberg for most contractors. You really need a contractor internet marketing strategy in order to take advantage of this juggernaut. Read the rest of this entry »
Ken asked: I am opening an online business for website design. (set up as a LLC, I’m the sole owner) Should I start keeping receipts of all business related expenses? Or would my business qualify as a hobby if I don’t make a certain amount of money in the year that I’m filing.
What types of things can I write off onto my business? (dinners, gasoline, etc.) Do I need a seperate business credit card/bank account for the expenses?
Do I have to accept payments towards the business’s services through a corporate account, or can they make the check/payment directly to me?