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From Barack Obama's website: http://taxcut.barackobama.com/sb_faq.html ---- = Frequently Asked Questions for Small Business = ; Do Small Businesses pay taxes on their gross revenues or their net income? : As a small business owner who claims small business income on your individual tax return (whether through a sole proprietorship, partnership, or S-corp) you pay individual income taxes only on your net income - or profit - and not on your firm's gross revenue. Accordingly, when Obama says that he would roll back the Bush tax cuts for all couples earning more than $250,000 a year, these income figures include only net income that a small business owner takes home. Because net income is usually far lower than gross revenue, even if your revenue is above $250,000 you are still likely to get a tax cut under Obama's tax plan. If you are a small business owner using the tax calculator, you should select your income level based on the net income you claim - your revenues minus your costs - to see how you would fare under each candidate.
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How is it to create a small business plan?
A small business plan is not a difficult thing to do. A person can create a small business plan through the small business administration website. They will give you free advice.
Creating a Business Plan for Your Small Business?
Before your start a small business, there are important steps that must be taken to ensure your business' profitability. The first step in starting a small business is to create a business plan. This plan will outline the goals of the business, the start up capital and profit margins. The business plan will also discuss the day to day operations of your business and how it will be run in your absence. This plan is imperative if you will be seeking a commercial small business loan from a bank or if you will be leasing commercial space. Your business plan is not etched in stone and can be altered as the business' needs changed. The business plan is the first and most important step in starting a small business.
Do you include your small business grant in your business plan?
If you are receiving a small business grant it is best to include it in your business plan. If you include it in your plan you are able to show a better profit/loss statement.
How can one start their own small business?
It is best to develop a business plan when starting a small business venture. The Small Business Association has a website that lays out of plan of ten steps to get started.
What do the Obamas plan to get when the election is over?
disappointment
What is Obamas plan on crime?
Hand slaps
Which ADT plan is appropriate for a small business?
The appropriate plan for a small business is the Office Security Plan. The office Security Plan is a 24/hr monitered plan with robot/controlled lights/alarms.
What does SBA stand for in SBA business plan?
SBA stands for Small Business Administration in the context of a business plan. As its name suggests, this is a planing strategy for small businesses.
What are the names of some business plan software?
There are a lot of software programs that focus on business plans. A small list of these are: Business Plan Maker Professional, Excel Business Planner, Palo Alto Business Plan Pro, and Live Plan Business Plan Software.
Are small business phone plans good for an office?
A small business phone plan suits the needs of a small business, whereas a normal phone plan may or may not. There is also the difference of cost. A business phone plan may cost you more because it may have features that a small business will need but a personal phone line would not.
How do you get loans for small scale industries?
To get loans for small scale industries, first create your business plan. Then, access banks that offer loans for businesses and share your business plan and business model.
Where would one find help developing a small business plan?
The Small Business Administration website seems to be like a good start. The website helps create a small business plan and gives tips on where to start off.
