Hot Business Tips » Computer Equipment http://hotbusinessonline.info Businesses in a Box? I Don't Think So! Sun, 21 Mar 2010 04:23:05 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 What are some small business ideas that I could start from my dorm room? http://hotbusinessonline.info/what-are-some-small-business-ideas-that-i-could-start-from-my-dorm-room/302/ http://hotbusinessonline.info/what-are-some-small-business-ideas-that-i-could-start-from-my-dorm-room/302/#comments Mon, 11 Jan 2010 06:41:24 +0000 admin http://hotbusinessonline.info/what-are-some-small-business-ideas-that-i-could-start-from-my-dorm-room/302/
andrewtheman89 asked:


I have computer equipment and skills, as well as, business and entrepreneur skills. I have quite a bit of time to devote.

Online businesses, etc? Any ideas welcome. Please be specific.

]]> http://hotbusinessonline.info/what-are-some-small-business-ideas-that-i-could-start-from-my-dorm-room/302/feed/ 7 Are there tax benefits if I get a business lisense for selling things on online auctions? http://hotbusinessonline.info/are-there-tax-benefits-if-i-get-a-business-lisense-for-selling-things-on-online-auctions/102/ http://hotbusinessonline.info/are-there-tax-benefits-if-i-get-a-business-lisense-for-selling-things-on-online-auctions/102/#comments Wed, 20 Aug 2008 18:35:58 +0000 admin http://hotbusinessonline.info/are-there-tax-benefits-if-i-get-a-business-lisense-for-selling-things-on-online-auctions/102/
Jack asked:


I’m thinking about turning my online selling into a business, and I’m trying to get a feel for the tax-related pros and cons of making it official.

Here are 2 questions:
(1) I understand that I can write off business expenses on my tax returns. That includes computer equipment, trips overseas to purchase merchandise, etc. But I’ve never itemized my tax return before. Would I get more money back if I start a business, and then itemize my deductions rather than just taking the default deduction like I always do?

(2) If I make my online selling into an official business, will I have to pay extra business-related taxes?

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