business vs hobby

There is no better way to enjoy tax benefits than starting up a small or home-based business. This is why Chapter I of my book, Lower Your Taxes—Big Time is entitled, “Why you would be brain dead not to have a home-based business.” The reason is that the government gives you great deductions that employees don’t normally…

gift giving

That gift-giving season is here again. Giving gifts is one of the best parts of the holiday season.  But, it can also be expensive. Whether you’re buying for friends and family or for business associates, there is a good chance you may be able to deduct some gifts as a legitimate business expense. There are…

Credit card fraud in network marketing

If 100% of your business sales is dependent upon online transactions—and it is if you’re a network marketer doing business globally — then making online payments in a secure environment and credit card fraud protection should be a top priority. Let’s face it; we hardly ever use cash anymore. E-commerce is growing and the online…

  Compound interest is interest added to the principal of a deposit or loan so that the added interest also earns interest from then on. This addition of interest to the principal is called compounding.  Sounds pretty nice, right? Here’s an example: in a bank account that has its interest compounded every year, an account with $1,000…