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You can get free quotes for your car (auto insurance), home, cancer, disability, annuity, health care, burial, life and renters insurance at the click of a button. Always take care of those who depend on you financially with an insurance plan that caters for you. You want to be comfortable with the policy you chose and with whom you chose it from. Along with saving more money, how a company treats its costumers is very important. After you get your free online insurance quote and you find the company that gives good rates, good coverage and that saves you a lot of money check the customers reviews and rating for that insurance company.

Protect all the things and people you love if some mishap occurs with the insurance that is best for you. Get free quotes from multiple top leading insurance companies without even leaving home or getting on the phone. Getting coverage just became a lot easier thanks to free insurance quotes.

By: Jeremy Samuel

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These small business bookkeeping tips will help you get your books up to date and keep them that way in less time. They’ll help you maintain financial control, and help you manage your working capital more effectively and securely.

Before you contemplate recording any transactions in your ledgers, organize your paperwork in your files according to these bookkeeping basics. It will save you time, and time is money. Work out how much you earn in your business per hour. If the answer is more than what it will cost to hire a professional bookkeeper, then hire one. If not, then do the transaction processing yourself. Get a tax accountant to do your year end filing so you don’t have to keep up with arbitrary government rule making, and miss out on tax allowances. When you’ve got your paperwork in order then consider how you’re going to record your transactions. This could be in a traditional hand written ledger, or more likely using software. Understand your bookkeeping software requirements before you buy anything to prevent dissatisfaction. If you don’t have much money for investing in financial software, then consider using open source accounting software.This can be obtained for little or no cost. Click the link above to learn the advantages and disadvantages of using open source. After you’ve decided what you’re going to record your transactions in then follow these basic bookkeeping tips to make sure you record your transactions in the most efficient manner possible. Make sure all cash is accounted for by performing a bank reconciliation. Ensure the transactions that are recorded on your bank statements are recorded in your books, and the balance on your statement is in agreement with that in your books. Make sure that you know the amount of any uncleared and unpresented checks (cheques) which will explain any actual difference between the statement and the account on your ledger. Likewise, make sure all petty cash is accounted for by counting the cash in your cash box and agreeing it to your cash book. Perform routine counts on items you carry in stock, and ensure that what is recorded in your books agrees with the quantity you have on the shelf. This is an area where strict control pays dividends as unexplainable differences often occur usually due to sales ‘samples’, spoilage, quality defects, returns etc. This is an important area to get right as any differences will have to be reflected in the financial statements and usually affect the profit line directly. Keep a Fixed Assets register. While not a ledger in your books as such, a fixed assets register is essential to keep track of essential business equipment. This means the cost, the location the depreciation, the purchase date and the remaining life. The value of these assets are carried in your balance sheet. It can be surprising how, as you grow, things you thought you had have gone! Especially small high value technology. Follow these small business bookkeeping tips, but don’t forget to use the information kept within your books intelligently. Working capital management is how you manage your daily, weekly, and monthly cash, debtors, supplier payments and inventory/stock control to keep you in business, and really make a difference to the bottom line (the profit line) of your business.

By: PJ Germain

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Kansieo.com

Have you ever noticed how many small businesses and entrepreneurs there are? There are millions of Americans who are self-employed and enjoy pursuing their dream. Others have a dream of starting and owning their own business. Through it all the one thing no one enjoys in owning their own business is the paperwork and tax issues that arise from being self-employed.

If you are not incorporated, and being self-employed you are considered a “sole proprietor” or an “independent contractor” for both legal and tax purposes. You will report business sales or revenues on your personal tax return. Here are some issues and guidelines you should consider as you run and manage your business.

You will be required, as a self-employed individual, to report you business profits or losses on Schedule C of Form 1040. Your net business income is taxable to you as an individual. Don’t make the mistake made by one misinformed individual who was netting about $10,000 a year and “investing” the income in collectibles. Since she thought she was not withdrawing any money from the business she had no tax liability. The IRS showed her the error of her ways, after an extensive audit, by hitting her with a large tax bill which included interest and penalties.

From your gross revenues or sales you can deduct reasonable business expenses incurred in generating the business revenue. In the event of expenses exceeding revenue the business loss will generally be deductible against your total income from other sources. There are special rules relating to whether your business is considered a hobby and if you have anything “at risk.”

If you are self-employed and you work our of your home you are entitled to deduct a portion of the cost of the home based on the portion of the home used in the business-such as an office or storage of inventory. Other payments such as utilities can also be prorated. If you deduct as a housing cost a portion of your property tax, for example, be sure to subtract the amount from the total property tax that you might claim if you itemize your deductions.

Working out of your home and if you have an additional work area at another location you may be able to convert your commuting expenses between the two locations into business expense. Many self-employed individuals miss these deductions because they are unaware of them or they do not keep appropriate records to claim the deductions.

They are subject to the Social Security self-employment tax (FICA). As a self-employed individual you must pay 15.3% tax on your net earnings up to $97,500 in 2007 and $102,000 in 2008. All net earnings (with no limit) above the yearly maximum are subject to a 2.9% Medicare tax.

You are allowed a partial deduction of any FICA taxes paid. You can deduct one-half of your FICA taxes from you gross income. If you pay $8000 in FICA taxes, for example, you may deduct $4000 from your gross income. In several studies of tax returns many miss this deduction and therefore pay more in taxes than required.

Another tax deduction that has changed in recent years is the deduction of health insurance costs. Now you may deduct 100% of your health insurance costs as a business expense.

A potentially dangerous problem of being self-employed is the failure to pay required quarterly estimated tax payments. They are estimates that can be adjusted as your tax year progresses. If you fail to make the required quarterly tax payments and you reach the end of the year without sufficient funds to pay your taxes this could develop into a severe problem.

By planning ahead you can keep this potentially costly event from happening.

If just starting out in business or you’ve been in business a number of years maintaining complete records of all your business transactions will allow you to properly manage the business. By documenting every expense and by periodically (at least monthly) tracking individual expenses this will go a long way in helping manage the expense side of the business. Keep a log of business travel expenses and your vehicle mileage. Whenever, you have any doubt about keeping a record of an expense, do it.

To properly manage a business you must maintain complete records of all business income and expenses. Simply put, document everything.

By: Andy Andersohn

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