Guide to Becoming a Safe and Happy Babysitter

One of the most tried and true ways to make money as a teen is looking after children, which makes the competition stiff. You may be wondering what you can do to stand out from the rest.

Being a babysitter is obviously not a matter to be taken lightly. You’re protecting someone’s pride and joy, someone young and vulnerable enough to need constant supervision from you. The consequences of slacking off on this job can be dire. Keep that in mind while undergoing any training programs. Remember that one day you might need to use these skills and take it seriously. So how should you convince someone that you are capable of taking care of their most important asset? Well, ARE you capable of taking care of someone else’s children? This may be stating the obvious, but if your little cousin makes your hair stand on end after 20 minutes babysitting isn’t for you. Can you handle possibly changing diapers, feeding, clothing, and comforting potentially messy, screaming, or (god forbid) braty little kids? Think about it.

First Aid & Credentials

An area of great importance to parents looking for a babysitter is proficiency in first aid. Should something unfortunate happen these skills can save lives.

The American Red Cross offers an invaluable guide to babysitting, everything from a handy handbook to training in first aid, appropriate games, diapering & feeding, and much more.
There are a number of other babysitting courses offered online, but this one offers everything you need specifically for babysitting and a big bonus is that it’s from a source Americans trust. Check your local Red Cross chapter for dates and times here: http://www.redcross.org/services/hss/courses/babyindex.html

Getting Work

There are a number of online databases offering a plethora of babysitters from all over the nation. Convenient, right? The downfall is that many of these require fees from either the babysitter or potential clients, which can be a turn off. The upside, however, is the traffic that these sites recieve, as well as the background checks and other requirements they may contain that make it easier for parents to select a trustworthy sitter with less work on their part.

Don’t underestimate the effect of grassroots marketing. If you’re computer savvy, create a cute flyer and print it out. If you’ve got boxes upon boxes of crafts, make it by hand. Include the obvious essentials; name, age, phone number, city or cities you can get to (don’t include your home address on something this public), days and hours you’re available, any credentials, and the age/number of children you feel comfortable taking care of (can you change diapers? Do you feel safe handling very young children?) Copy these off and post them places that parents frequent; super markets, adult schools, large office complexes. Ask business owners specializing in children’s products to let you post one. Drop a few off at family or friends houses and ask them to refer you to anyone seeking a sitter. You can also utilize such sites as Craigslist.com, but excersize proper precautions when dealing with anyone you don’t personally know, especially from the internet.

Pricing

This can be a tricky subject. It’s really up to you how much you want to charge, but the deciding factor is what people are willing to pay. Try to check out what the going rate is for sitters around your age and qualifications. If you’ve got more experience than most you can charge accordingly. There are other factors that may affect what you’re willing to accept. If you’re especially fond of the children and parents you might see yourself being ok with a pay cut. It’s not only about making the most money possible, but being in a desirable work environment.

Being Safe & Selective

Babysitting differs greatly from most jobs in that you will be in someone else’s home for the duration of your work. Ideally you should try to work for people you know and trust; family, friends of family, coworkers, and people who you are familiar with. Unfortunately this may not be a substantial amount of work and you’ll have to open yourself up to new clients. Any trustworthy parents should request an interview with you prior to hiring. You may be nervous but remember that this is your chance to interview them as well. If you feel uneasy about any aspect of their home or personalities, don’t risk it. There will be other oppurtunities, and as cliched as it sounds, better safe than sorry.

Another aspect of being selective is not subjecting yourself to anything you can’t handle or aren’t comfortable with. If your first job is watching 4 kids from 8 a.m to 6 p.m, you might want to reconsider or bring a friend along to help. If you find yourself watching a child who is a little monster, sever the relationship. Do it professionally and let the parents know why you’re choosing not to work for them anymore. Don’t stick around because they tip you well if you’re miserable.

In addition, don’t accept underpayments or unexpected changes in scheduled times. It’s one thing for a trusted and respected client to come up short one week and repay you the next, but if you’re dealing with someone who habitually tries to pay you less than what’s agreed upon or are inconsistent with payments, speak with them about it. If it isn’t resolved then perhaps you should resign. If you’ve agreed upon a certain range of hours for you to watch the kids, the parents should stick to them. We all know that certain events can take place which may force a delay on their part, but if parents are constantly telling you they’ll be home by 5 then not showing up until 7, that’s unacceptable. Especially if it interferes with your family, social life, or most importantly, school work. Unfortunately you may find that people think they can take advantage of you because of your age, don’t let this happen.

Kaitlyn designed and wrote 100% of the original content on http://www.MeMyOwnBoss.com, an interactive online guide for savvy young entrepreneurs. Check it out to learn tips on starting your own successful business before you’re out of highschool.

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Babysitting Advice - Is It Ever Right To Bribe Children?

Many new parents vow that their kids wont be given sugary foods or stuck in front of a TV! They will only have healthy, well-balanced food and all play will be mentally stimulating and educational.

Sohow come Junior is watching that Sesame Street DVD for the 20th time and snacking on cookies?

Ill give injust this once

If theyre honest, most parents and babysitters have fallen back on bribery at least once usually a lot more than once! If youre exhausted and crave a few minutes of peace and quiet, a little bribery seems the obvious way to go.

Babysitters are often in the awkward position of having to discipline the child but not having the same level of authority as the parent. This is for two reasons. The babysitter isnt the parent and doesnt know the full history of what has and hasnt worked with the child in the past. And bribery does work at least in the short term but what is it teaching the child?

Creating A Demanding Child

People who are steadfastly against bribery argue that it is encouraging children to behave badly as they know it will end in a bribe to stop that behavior.

It helps to look at the dictionary definition of a bribe. Its anything given or promised to induce a person to do something illegal or wrong so that clearly isnt whats happening here. Youre using a bribe, but to induce good not bad behavior.

Its All In The Timing

Bribery is offering payment before the deal is closed. In other words, once the child has what they want why should they do what you want? Especially when yet more bad behavior is likely to result in another gift.

The fundamental difference between a bribe and a reward is the timing of the action. Whether its intended to induce good or bad behavior, a bribe is given before or during the bad behavior, to stop it.

A reward is given after the good behavior. If the good behavior doesnt happen, neither does the reward.

Make The Child Do The Work

A huge amount of effort can go into persuading, coaxing, explaining and finally bribing a child. Its exhausting, frustrating and worrying. So stop doing it! The ironic thing is that in the early stages, the reward will have to be offered prior to the situation arising. For example, tell the child that if they are good while youre grocery shopping, you will be able to get round the store quicker which means there will be time to go to the park on the way home. Its then up to the child to work for that reward.

Make The Power Shift

When you bribe a child they have the power in the situation. They are manipulating you in order to gain a reward.

When you offer a reward you both have power. You can give the reward or withhold it. The child can earn it or lose it. Youll be surprised how quickly they learn!

Article Source: http://www.ArticleBlast.com

About The Author:

For free babysitting tips, advice and how to claim a first aid book and babysitters handbook, visit www.superbabysitting.com

What Did I Do To Deserve This? A Babysitter’s Introduction to Separation Anxiety in Children

When you decided to start babysitting, you probably had no idea about Separation Anxiety in children. You may feel like an expert by now! Most likely, two factors caused you to consider babysitting: You wanted to earn some money, and you love kids. Put the two together, and it doesn’t take a brain surgeon to see that babysitting is a pretty reasonable part-time job for you. Maybe you’ve taken some classes and networked for your first jobs, or maybe you have talked a family member into letting you sit for a cousin or nephew on the weekends. Whether you already know the child well or just meet him that day, the first part of the evening generally looks something like this:

The parents lead you around the house, showing you were to find snacks, band-aids, emergency numbers, etc. The child eyes you and maybe hides behind Mom or Dad.

The parents put on their coats and gather their keys, which causes the little guy to get pretty worked up.

A full-fledged tear fest begins when the parents say goodbye. The child cries, pleads, and maybe even throws a temper tantrum.

He continues to cry for a few minutes after the folks leave and then turns to you as if nothing has happened and asks if you want to play.

Talk about a blow to the ego! Each time to you go over to baby sit, you get the same situation. It can cause you to wonder if you’ve done something to terrify the kid or if maybe his parents have spoiled him, and now he throws a fit when they want to do something without him. You begin to wonder if one of you has some sort of mental disorder. Most likely, none of these is the case.

When babies reach a certain age, they develop Separation Anxiety. It happens to pretty much every child and continues through the toddler and preschool years. The reason it happens is so that the child won’t wander too far away from Mom or Dad. They want to be near their parents and therefore shouldn’t get too carried away and end up lost or hurt with no one to help. It is a part of how their brains develop. You did the same thing when you were little.

The best way for a babysitter to deal with Separation Anxiety in children is to recognize that it is completely normal. You haven’t done anything to cause the child to dislike you. It can also be frustrating because after a fun evening of playing Candyland and watching Disney movies, the kid will often start crying again when the parents return. Believe it or not, he’s not trying to make it look like you’ve been torturing him for hours! It is a result of the Separation Anxiety. When the parents come home, his little brain remembers how upsetting it was when they left. That’s why you can have a ton of fun every time you baby sit, but the baby or toddler will still cry the next time you come over.

The good news is that by babysitting the child, you are teaching him that he can be safe away from Mom and Dad. He is learning how to trust other people and discovering that he is an individual. You are actually a part of him developing into a healthy adult! Of course, it can be disappointing the next time you watch him, and it seems like he doesn’t remember how well you get along. Give him a few minutes to adjust, and it will come back to him. You can also take heart in the fact that by recognizing Separation Anxiety in children, you can help them move safely through that phase of their development.

Learn how to beat child separation anxiety with The Separation Anxiety Solution.

Article written by: KC Smith

How To Be A ‘Toddler Whisperer’ - Gentleness Training For Kids

Are you the parent or babysitter of a small child who is the day care demon? Do they play far too rough and drag the cat around the home by its tail? This can be hard to deal with because adults view this behaviour through their own terms of reference and therefore it appears cruel and dislikeable. And it is - but toddlers dont always automatically know whether a behavior is right or wrong its up to the adults to teach them. Gentleness training can have a profound effect on your child and your family.

Help Them To Learn By Example

Children learn a great deal by copying the adults around them. How often have you heard or seen your child copying something you did or said? Have you noticed that its often something theyre not supposed to know? That shows how they watch you constantly and follow your lead.

Just take a moment to think how you feel when someone is being hyperactive, shouting and generally creating mayhem? Anxious? Nervous? Unsettled? If you are constantly rushing around and barking orders the chances are that your child will feel all of those things. They will also see it as the normal way to behave and will continue to copy you. If you cant be quiet and gentle, why should your child?

Slow it down. Aim to speak calmly and be gentle yourself it wont take long for your child to follow.

Demonstrate What You Want

Show your child how to behave. If the cat is the victim, teach the child how to hold it properly and explain that it has feelings. Let the child help to feed it. If this is successful, give high praise and a treat such as reading the child a favorite story. If the good behaviour lapses, simply repeat the lesson and withhold any treats until the behaviour is improved.

If you are expecting a baby, work with your child before the baby is born. Use a doll to teach the child how to touch and hold a baby. Its easier to do it prior to the birth as you have more time to spend.

Teach Consistency

Make sure your child gets the whole package gentleness in voice and actions. Explain to them how suddenly shrieking can terrify an animal or new baby.

Teach them that this new behavior is for everyone animals, the new baby, members of the family and playmates. Dont forget to praise them when they get it right and always withhold praise if they relapse. Consistency is key.

Be Patient and Dont Criticize

This may take some time so pace yourself. Keep remembering that the child is learning a whole new behavior and it wont happen overnight.

Be careful with the words that you use. Avoid telling a child that theyre doing something ‘wrong’ that can damage self-esteem. Its more positive to simply show them again and then praise them highly when they succeed.

Article Source: http://www.ArticleBlast.com

About The Author:

For free babysitting tips, advice and how to claim a first aid book and babysitters handbook, visit www.superbabysitting.com

Babysitting Rates: How Much is Just Right?

Author: Rashel Dan

A lot of people would want to know about current babysitting rates. How much is enough? You may think that this can be answered in a straightforward manner. Unfortunately, determining the rate of your sitter is not as easy as asking the question. Here are some important facts that may help you find the right rate for your sitter. Fact #1: There are no set rates. No Such Thing As Uniform Rate - There is no law that sets a uniform rate for sitters. Various households pay their sitters different rates. There are some online resources that can help you find possible sitter rates. Some sites offer data of current average rates per region or area. Often though, sitter rates do not just depend on what most households are paying at the moment. The rates also do not depend on your personal whim. If you want to be fair to your sitter, you would consider a couple of important factors. Fact #2: You have to consider the kind of work. It’s not easy to babysit. Some sitting jobs are also harder than normal. Before you settle on a sitter rate, note the kind of work that you may require from your sitter. Babysitting your kids for example may be especially difficult if you have more than one kid or if you have very young kids who are difficult to manage. Time and Effort Involved - In some cases, the difficulty level of handling kids may not be the main concern. Sometimes it is the time of work and the amount to be done. Sitters who have to stay long hours or stay over the night may have to be paid a little extra. Some sitters may also have to do other things besides sitting and watching kids. Some sitters have to cook meals for kids, tutor them, fetch them from school and clean them up before they go to bed. If you plan to let your sitter do a lot of things, then prepare to pay higher babysitting rates. Fact #3: Sitter experience counts too. As with everything else, a sitter’s level of experience counts. You would have to pay a steeper amount if you have someone who has many long years of babysitting experience. Someone who has a lot of experience would know better how to handle kids than an inexperienced sitter. Sitter’s Qualification - Aside from her years of experience, you may also have to pay extra for her qualifications. A sitter may have taken special courses in child care and first aid. These naturally increase a sitters market value. You shouldnt mine paying extra though. A sitter who knows what to do in emergency situations can help ease your worries. Fact #4: Rates also depend on your negotiating skills. Discuss the rate with you sitter. You can give her a rate that you would be willing to pay her. You can outline the reasons why you think you should pay her a certain rate. A good sitter on the other hand would also know when she has to ask for more. If your sitter asks for a higher rate, negotiate with her until you reach an agreement.

Article Source: http://www.articlesbase.com/babies-articles/babysitting-rates-how-much-is-just-right-488376.html

About the Author:
Check out babysitting agencies online. Get the best babysitting rates today.

Starting A Profitable Home Business - Business Plan

by Thomas Griffin

Since you have become a small business person whether you are the Massage therapist or Sheepshearer, there is really a lot more pressure on you to be organized, not less. While a certain amount of spontaneity is beneficial and expected of small business, some structure and planning is needed if you will attempt to compete with what bigger corporations offer. You should really visualize the scope of your business and write it down. This can give you a significant idea of what your obstacles are, your current status, what your 10 year plan is, and how close you are to realizing them.

The most important thing is to remember to get every detail down on paper. This gives you a starting point, and something definite to alter if things need to be changed later on. The planning document can guarantee that you, your employees, and your investors are all together in their thinking.

The initial step in your business plan is a description of your business. This includes what you do, what services you provide and what products you will produce. In a word, this will verbalize the scope of your business. While this can be enlarged later, you’ll realize that writing down of your limits and terms is incredibly helpful for future development. This is also a good spot to include what kind of end game you have. While they can be general goals that you want to stick to, you should follow it up with some rough gross and net income figures that you are want to achieve.

The next part of your small business plan should consider the market, both where it stands and where you will fit in. Why do people need your service and how will your business or service will change the market? How are you going to get some buzz going about your services and will you have different types of customers that will be affected by various parts of your business? This part of your business plan essentially “proves” your business has a right to exist and gives evidence for why it should be something to put your time and energy into, so take some extra time here.

Financial capitol is going to be the next thing that you tackle. Include general expenses, contingency fees, licensing fees if necessary and anything else you can think of that will make you put out money. Because virtually all bankers will want to study your business plan primarily for this area, this is of utmost importance for you to work on. If you are a bit new to this, look at small business plans from similar successful businesses to see the best way to do this. Put down an accurate view of your current business status, but don’t forget to look to the future.

For the final step, think about management. Who is running things, and what are their responsibilities? This is a prime method to maintain your organization and verbalize responsibilities. Like any other part of the plan, this section can be altered, but the important thing to do is to have it there in the first place.

Take some time to be confident that your business plan is up to snuff, and you will discover that your business will start becoming profitable much faster.

About the Author:

a2a_linkname=”Starting A Profitable Home Business - Business Plan”;

a2a_linkurl=”http://www.yourinternetbusinessbuddy.com/starting-a-profitable-home-business-business-plan/”;

Source: Online Business

What are the Benefits of Incorporating a Business?

What are the benefits of incorporating a business?

Starting a business is not easy. There are many decisions to be made and research to be done. Such as whether or not you need partners, what kind of growth will you expect. But before all this, you need to decide which entity to register your business in, so you can start off on the right foot. In this article we will be introducing you to incorporating a business, and all the benefits and limitations that go with it.

Several types of business entities exist. Your business will have to assume one of these forms in order to function. Depending on the form you choose, your obligations to the federal government will change.

One such entity is the “corporation”. When most people think of a corporation, they envision a large brick building that houses hundreds of employees wearing smart business suits. They see dollar signs, too. If a business can afford a big building and hundreds of workers they must be making a lot of money, right?

Incorporating your business is an ambitious undertaking. Corporations are viewed and governed differently by the government. They are anchored in the state where they were chartered. However, this doesn’t mean that the business can’t have branches in other places.

Here are some ways that corporations differ from other business types. There is no “owner” in a corporation in terms of the way we think of ownership, a corporation is owned by the shareholders. These are the people who have a stake in the company, meaning they have each bought a piece of the company.

However, shareholders don’t run the company. They hire a group of people known collectively as the Board of Directors to make executive decisions and major policies that govern the company on a daily basis.

Incorporation can be sticky, as it is not an easy process to become a corporation. State and federal agencies monitor corporations to be sure that they are operating within the law. Although this may seem limiting, there are benefits to holding corporation status. As a shareholder in the company, you have limited liability for what the corporation does. If the company is sued or assessed for taxes, your part in the debt extends to what you have put into the company in the first place. Depending on the circumstances, the board of directors are more accountable than the company shareholders.

Corporations don’t have to run to banking institutions for money when they need it, like other businesses. They can use their stock as a way to raise the funds that they need. Selling stocks allow them to keep the company from floundering and have adequate cash flow to make it through a crisis situation.

There are more choices available to a corporation when it comes to setting up their taxes. Corporations get a break because they can deduct the amount of money they pay for benefits to their employees and company officers. The better the benefits, the more money they get to deduct come tax time.

There is another choice as well. For tax purposes, corporations can file as an S Corporation. This means that any shareholder can file their earnings and profits from the company as distributions on their taxes. Now, shareholders can be employees. As such, the employee must pay themselves from the money they plan to claim as a distribution. The amount has to meet standards for reasonable compensation. The benefit is that the employee pays taxes on only a portion of the money as their personal income tax, and hence the corporation won’t need to pay tax on the entire amount.

There are many benefits to registering an incorporated company when you’re starting a business. There are also many laws and limitations governing an incorporated company. Before you decide, you should research on what type of business suits you best.

To get more free advice on business planning issues, please visit Invest Money Stocks. You can also receive tons of free investment advice here.

Like this post? Publish It On Your Own Blog

ShareThis

Source: BUSINESS

Marketing Lessons Learned From My 13 Year Old Daughter

I never thought with all my years of business success, that I would ever learn anything about marketing from any of my kids. But I was proven wrong. My younger daughter showed me that even at her young age that she knows more than most people will ever know about marketing her business.

Here is a prime example. There is a local indoor soccer facility where both my sons play and practice. Usually when I take them there, my daughter comes with me.

Almost every time we go there she leaves with a babysitting job.

I was curious how she was able to do this with so many other eligible babysitters around and she told me how she was playing in the play area (it’s a climbing area for really little kids). I told her I thought she was a little old to be playing there.

But then she let me in on her secret. She said that the play area is where her potential customers hang out. By going in there and interacting with the kids, the parents get to witness first hand how she will interact with their kids. She doesn’t have to approach the parents to ask them for a job. They come to her practically begging for her services once they see how comfortable the kids are with her. Also, some of the kids ask their parents when they will get to see her again. She is growing an incredible business with no advertising and doing it completely offline.

This is the perfect business model and made even easier with the Internet. You hang out in places where your potential customers (i.e. target market) hang out. I usually like to go into marketing forums, user groups (for networking and marketing), offline business groups and other networking avenues. Surrounding myself with these people and making connections is a great way to build up your network of potential customers/distributors. Then you establish yourself as a leader in these groups by providing real content and not just pushing your opportunity and yourself on these people. They will start to see the value that you can bring and will want to work with you. Once this has happened, people will beg you to join your organization and even if they don’t join you right away, if you have formed a real relationship with these people they will want to see you again sometime. Maybe then the timing will be right.

Follow this model and you will reap major rewards.

And who knows, you may even get a babysitting gig out of it.

To our success,

Chuck Abbott

Chuck Abbott hosts a free weekly teleseminar series called Follow My Success. He presents a different marketing leader each week who will show you how to market your business in ways that will bring you the maximum returns. Go to http://www.followmysuccess.com for more details.

How You Can Separate Your Business Finances from your Personal Money

Separating business funds from personal finances should be every business owner’s concern. Surprisingly, not many entrepreneurs take this matter into serious consideration. For instance, many small business owners and home based business entrepreneurs prefer to use their personal credit cards with their business expenses thinking that it makes no difference. But a wise business owner should think about the long term complications that combining personal and business funds in just one account could cause later on.

At the start, you may find that using your personal credit card is enough. But as your business begins to grow and accumulate expenses, having a separate business account is indispensable. It will make a big difference not only in managing your business finances, but also in making finance-related decisions. In this article, let’s talk about the advantages of using business credit cards for your business expenses.

Business Credit Cards Means Easy Management

Why would it be easier to manage business finances using business credit cards? Because all your expenses are automatically included in your summary of accounts so you can be assured that you won’t miss a single purchase no matter how big or small that purchase was. You will be provided with monthly billing statements, along with quarterly and yearly summaries of your account.

These account summaries contain a detailed list of all the purchases you’ve made during the past months or the entire year. Purchases are also categorized so you can use it as reference to your bookkeeping and accounting tasks. Filing your business taxes is definitely made easier with the help of business credit card account statements.

Add to this, many business credit cards include the option to access your account online. This is an enormous help for a busy business owner as it enables convenient tracking of business accounts at any time. Even as you work on your desk, you can simply log in to your online account and do your checking within just a few minutes. Account summaries are also downloadable so you can use them along with your accounting software.

Build Business Credit with the help of Business Credit Cards

Another important advantage of getting a business credit card is to build a separate credit history for your business. Don’t forget to register with a business credit bureau such as D&B or Experian to begin establishing your business credit immediately. By using your business credit card and keeping up with your payments on time, you can be assured that you will be building excellent credit history for your company.

Every business is confronted with financial challenges sooner or later. You may not need financial assistance at the moment but by the time you need to apply for a business loan to help you with your business projects, having a solid business credit history will help you secure an approval more easily. Aside form getting easy approval with your applications, having excellent business credit also guarantees that you’ll be offered better rates and terms by lenders.

In summary, getting a business credit card is beneficial in two ways- for separating personal from business finances and for building up a separate credit history for your business. If you’re a business owner or planning on starting up a business of your own, this matter is definitely worth the thought.

About the author:
Pamela Williams is a Loan Consultant, Internet Marketer, Writer and owner of BusinessCreditCardSite.com, a finance company Las Vegas Nevada providing support for businesses all across the US particularly with obtaining business credit cards. Visit http://www.businesscreditcardsite.com

Article Source: http://www.Free-Articles-Zone.com

Tax Tips For The Self Employed

If you’re self-employed, tax management is probably one of your biggest headaches. It’s complicated, confusing and frustrating, to say the least. It’s also one of the biggest barriers to starting your own consulting or independent contracting business. Many people hesitate to take this step simply because they are so intimidated by the complex tax management systems that have to be in place to stay out of trouble with the IRS. Here are a few tips to help keep your freelance business organized and make the process a little less daunting. Once you have a good system in place, it’s easier to maintain and you can enjoy the many perks associated with self-employment.

1. Keep Good Records. This is essential in the event of an audit, but also for your tax preparer and yourself. Make your tax preparer’s job a little easier by keeping good records and trying to keep them fairly organized, and make your own job a little easier for those times when you have to look back in your records for an old invoice or to determine what work you’ve previously done for a client.

2. Take Your Eligible Deductions. Don’t forget about childcare deductions and home office deductions, if applicable. Your home office space is deductible if it is used solely, exclusively and regularly for your business, and you do not have an outside location that you use to conduct business activities. Calculate the percentage of square footage that your office space takes up in your home, and you can deduct that same percentage of your mortgage payment. In addition, you can now use that figure to deduct the same percentages off of your other bills, such as your electric bill, phone bill and internet bill.

3. Set Aside Estimated Tax Payments. If you’re getting paid as an independent contractor on a 1099 basis, no one is withholding taxes from your checks; you’re responsible to set that aside for Uncle Sam on your own. Make sure you plan carefully for quarterly taxes, and avoid needless late fees or penalties from the IRS.

4. Don’t Neglect Saving for Retirement. It’s easy to forget when the payroll clerk isn’t automatically taking it out of your paycheck for you, pre-tax. Consider setting up a SEP or Keogh plan for retirement. Remember also that you may be missing out on employer contributions, since you’re no longer working for a company, so you may want to consider contributing a little extra to make up for that.

5. Deduct Business Expenses. Remember to keep track of all those little things that you use to conduct business so that you can deduct them on your Schedule C at tax time. Did you send out a mailer recently? Keep your receipt for those stamps. Did you purchase new office equipment, a desk, paper, envelopes, or a special software program? A receipt and an explanation of the item’s business purpose is all you need. Get in the habit of making sure you get receipts for all those purchases, and keep them organized in a safe place. All those little things can add up to significant savings at tax time.

6. Get Organized. This can be the biggest challenge for some people, and while not related exclusively to tax management, it will serve you well in this and all areas of your business if you develop a solid client management system. Experiment with different types of software programs that can help, or develop a file folder system. If you use your computer to keep your records and files, don’t forget to back it up regularly. Your computer, no matter how state-of-the-art, can go completely kaput in the blink of an eye. I’ve seen it happen to many.

7. Use Your Resources. Many organizations exist to help the self-employed manage their businesses better. One organization that can really help to simplify the tax management process is MBO Partners, which acts as an employer of record yet still provides all the freedom and perks associated with running your own business. Don’t be afraid to utilize the resources that are available to make running your business easier, less time consuming, and less frustrating.

About the author:
Angela Stringfellow is a marketing communications consultant and an MBO Partners associate. Visit their website, MBO Partners.

Article Source: http://www.Free-Articles-Zone.com

Next Page »