Another recession may be approaching, and people all over are feeling the heat. Jobs can be tough to find and companies are folding in every state. Things may appear dark during this depression; however, you can get around this. This article can help you navigate your way through The Great Recession.
You can deduct certain expenses like meals and entertainment for clients from your earnings when filing your taxes. These meetings will always count as legal business expenses. Be careful not to deduct your normal dining expenses, though; only eating out with potential or actual clients are deductible.
If your home-based business requires you to drive during your working hours, be sure to track your mileage and collect receipts for the gas required. Even if these expenses aren’t much, you should be able to get 100% deducted from your taxes. But, you must be able to prove that your driving was a necessary part of the business.
Go above and beyond when trying to please your customers. Always take the extra step. Include freebies with their order, or include a letter thanking them for their business. Two things that customers like are appreciation and free things. Prove to them that they are an important piece of your success!
You can decrease family interruptions while you are working at home. Because getting interrupted is something that can make productivity go down, be sure people know when you’re going to be working and when you are finished for the day. Tell them about the need for privacy and that privacy will help you finish sooner. Be sure to have supervision arranged for children while remaining available in an emergency.
As mentioned, times are tough. You may be thinking about how to help your family survive. Hopefully, these tips can help you survive.
There are tremendous opportunities for small businesses and social entrepreneurs to support their communities through community foundations, donor advised funds and other means of giving back. Find the neighborhoods in Kansas City, Missouri where you can make the most impact on education in the community.