Off-Topic » If you sell books

As an employer Wholesale Authentic MLB Jerseys , you must pay employment taxes if you have employees. Fail to pay and the IRS will rain all over your parade.

Penalties

If you have employees, you absolutely must deduct and withhold various taxes from the paychecks of your employees. Since you are deducting money from the employee's paycheck, you are handling their funds. This fact is very important to the IRS and it places great emphasis on any failure to deposit employment taxes.

If you fail to pay employment taxes, you will be subject to a 100 percent penalty. Yes, 100 percent. Known as the "trust fund recovery penalty" Wholesale MLB Jerseys Cheap , the penalty is assessed against the person responsible for paying the taxes, not the entity. The person can be the owner, corporate officer or other "responsible person." In short, a business entity is not going to protect you from the wrath of the IRS.

Late Payments

Cash flow crunches are an inevitable event for practically every business. So, what happens if you make a late payment for employment taxes. Unless you can show a reasonable reason for the delay Wholesale MLB Jerseys From China , the IRS is going to penalize you.

Late payment penalties range in amount depending on the delay. If the delay is less than six days, the penalty is two percent. Delay for six to 15 days and you are looking at five percent. More than 15 days in delay is going to push the penalty to 15 percent. If you delay this long, the IRS will be peppering you with penalty notices telling you where you stand.

In Closing

Whatever you do, make sure you deposit employment taxes with the IRS in a timely fashion. Take a moment to think about the worst thing you have ever heard done by the IRS. If you fail to pay employment taxes, the actions taken by the IRS will be ten times worse and you will be the one telling horror stories.

Richard Chapo is with - recovering overpaid taxes for small businesses. Visit our article page - - to read more tax articles.
When you offer your products via an email campaign to get people to visit your Web site Wholesale MLB Jerseys China , or sell direct through email, you reap many rewards--you create more profit, spend a lot less time promoting and marketing, and get to be known as the leader in your field.


1. Offer improved customer service and support.


All new subscribers to my ezine get 2 free special bonus reports. I receive their email address. I keep these in a file and follow up every few months with an email "thank you" gifting them with a free special report or free email answer to one question. Customers love a freebie, and they will connect my name with any future purchase they need to make.


For coaching services Wholesale MLB Jerseys , I send out a note periodically that includes all the extras I offer. My clients give me the testimonials that remind me of those extras, making it easy to relate.


2. Reduce support costs.


Your online home office costs a fraction of what a brick and mortar storefront would. Think of the rent, the gas you save! Online services cost just a little: Web hosting, Web maintenance, and an email server are a few. Since online marketing is far easier Wholesale Throwback Jerseys , you'll need only a part time computer or virtual assistant. Reduced costs = less business expenses. And, you will spend less time and money to reap bigger profits because your target market is all online business people.


3. Reduce your time in the office.


It's far easier and faster to use email than phones or faxes. You don't have to have expensive and time-costing lunches with associates, because you can email at your convenience. And, it's all in writing. My promotion time is now only 6-9 hours a week after one year of foundation set up.


4. Reduce the cost of doing business.


In your home-based virtual office, you will have much less overhead. When you self-publish eBooks or other information products you won't have to spend time or money on postage Wholesale Custom Jerseys , packaging, or mailing. You don't spend money on printing yielding much more profit as well as reduced expenses.


When you apply online promotion such as submitting free articles to ePublishers who are crying for them, you spend around an hour or so on each article that can be recycled many times. The actual time of sending it out is a few minutes.


Even if you need to mail your product, you still will have to spend less time and money.


Using email to offer and sell your products reduces your dependence on other sales channels such as the brick and mortar stores, traveling to give talks Wholesale Authentic Jerseys , and writing "round file" press releases.


When you market Online, you eliminate the middleman who can take a hefty percentage of your profit--up to 90%.


My motto is: If someone else who takes a commission can't sell at least 10 times as many products as I can, I don't need them."


5. Reduce your marketing time because email communication is short, fast, and gets to the point quickly.


You don't have to spend time buying stamps Wholesale Cheap Jerseys , logos, special envelopes and stationery. You do need to keep track of every customer, subscriber and Web visitor. Be alert to collect every person's email address when you meet and greet. Place each one in a categorized file, so you can laser target messages to one audience at a time.


If you sell books on your Web site, you can look like Barnes and Noble reaching thousands Wholesale Jerseys From China , even tens of thousands each day. Your visitor will have an easier time to find your product because you offer only a few on your site.


If you are like me, you will enjoy keeping track of your increasing sales each month. You will enjoy staying in touch with your potential buyers. People Online are hungry for your information and product. Put your effort into online marketing and win!

Vacuum Contactors Market Innovations, Trends, Technology and Applications Market Report To 2018-2022