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Old 03-06-2006, 10:25 AM
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jmjj215 jmjj215 is offline
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Default Re: Self employment pitfalls ?

Quote:
Originally Posted by cicy33
we are a simple sole proprietership. I do all the books out of our home so i am allowed to deduct a portion of all the house bills; electric, water, etc. for having an office in my home. I don't do our year end taxes I have his aunt do them, she is a cpa. And true, you COULD get rich but the likelyhood isnt' strong. Actually more than 1/2 the home businesses started each year fail.
Anyone starting a business should read "The Magic of Thinking Big". Going in w/ an attitude of, "well, I have a 50/50 chance of failing" doesn't do much good at all. Being realistic is one thing. Selling yourself short is an entirely different subject all together.
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