Work From Home

Mima asked:


I am a stay at home mom of a baby and a toddler. I want to stay that way but somehow help out bringing a little extra income without taking so much time. I have many skills but don’t know what can be used for profits. I cook, do some crafts, I’m organized, and apparently not very creative. Help!

VICTOR

LISA asked:


My husband and I have been planning to open a home based business for just over a year. Our plans are to open it by the end of 2008. My main concerns are taxes. We can not foresee our profits, but we are expecting under $50,000 for the first year. It will just be my husband and I (no employees). What taxes will we have to pay?
We will have a separate building on our property which the business will be primarily run out of, can we use this for any deductions? I am looking for any information that will help us to get the business started and have everything run smoothly. Any help would be appreciated, the more detailed the better.

Earn Income