Category: Home-Based Business

Business or Activity: The Hobby Loss Rules

Business is never a sure thing. Many experience losses before gaining success. If you are operating a home-based business and are experiencing tax losses, it is best if you check out the IRS rules on the deduction of tax losses. There is a cap to deducting ordinary losses from a …

Advantages and Disadvantages of Hiring a Family Member

It is good to hire family members. But there are advantages and disadvantages of doing it. You, as the owner, is also the decision-maker. Be reminded that failing to decide on some issues can complicate and can slow down your business growth. Always think that it’s great to give your …

Funding Solutions for Home-Based Businesses

There’s more to just owning a business. You’re helping people. You’re helping the economy and the society by opening job opportunities for other people. However, the reality that hits most businesses owners—whether small or large scale—is that they need capital to run their businesses effectively and efficiently. Home-based businesses are …