Tax Planning for Small Business

Plan for the Future or Become a Victim of it

Tax planning is the analysis of a financial situation or plan from a tax perspective. The purpose of tax planning is to ensure tax strategy, works with the elements of the overall financial plan for your company. Without it, you may find you financial plans can’t be executed as you’d expected. And, reasonable  execution of your financial plan working hand in hand with your tax plan is crucial for your success.

Tax planning can make a material difference in the amount your company will be liable for because the execution of your major financial transactions will have been examined based on the effect of selecting options that consider the effect taxes can have. Financial planning may not consider those effects.

 

Tax Compliance

Taxing Authorities Don’t Care if You Can’t Find Time to File Your Taxes on Time

complianceNext to payroll, your tax bill can become your largest expense, when you select the wrong party to prepare your filings for you. Many CPAs and tax attorneys do a great job on preparing tax forms, but they’re expensive. But when you become a member of the Saafenet revolution, you get the same high quality service for a much lower fee. We can state that because your tax returns will be prepared by a CPA or IRS Enrolled Agent employed by us. Giving you the same high quality service for a vastly reduced price.

Most tax preparers offer their services to a few high end tax payers. This assures them there will be no arguments about fees. We on the other hand charge less because our service is available to any small business. Something the major tax preparers avoid like the plague. Nonetheless, We take the same care and offer the same guarantees though we serve a market other professionals overlook.

Now you don’t have to search for tax help at mass tax services, like H&R Block, Jackson Hewitt, Tax America or Liberty tax. All of whom focus on the preparation of personal tax returns. And, though all of them have a business tax division, even their prices can get out of control.

Bring your tax issues to Saafenet and know you’ll receive an absolute guarantee of mathematical accuracy, the largest refund or lowest liability legally allowable. And, if we make an error (which has never happened) which causes penalty or interest payments to accrue to your filings, we reimburse you for the penalties and Interest assessed.

But our guarantee doesn’t end there. If the IRS audits you for a return prepared by Saafenet, someone from our office will accompany you to the audit to explain how the return was prepared. On a lighter note, if you ever need copies of any tax return we prepared for you, we’re only a phone call away. Because there can be many reasons you’ll need a copy of your tax return.

Routine Website Maintenance

Website Maintenance Services

maintenanceThere are literally hundreds of millions of e-commerce websites online. Yet only three and a half (3.5) million of those websites are used and maintained by the owners, on a regular basis. All the others have been abandoned and even the owners have given up, because those sites fail to earn a profit. Making matters worse, of the 3.5 million that are actively being worked by the owners, only 110,000 are earning any substantial sums of money.

This begs the question many people ask, about whether or not it’s possible to earn money on the Internet. The answer continues to be that you can. However, it’s near impossible with a website alone. This is why members of the Saafenet revolution are provided with a complete system for starting a business, which includes a website.

Websites are almost worthless without systems to support them.

STRATEGY WAS THOUGHT TO BE ONLY FOR BIG BUSINESS

NO ONE THOUGHT SMALL BUSINESS NEEDED TO PLAN UNTIL NOW

planWe’ve all seen or heard of the strategy and planning sessions held in the war rooms of big companies. It’s critical for them to develop reasonable strategies and plans for meeting the challenges of maintaining and expanding market share.and sustained growth. But for some reason the owners of small businesses thought they could prosper without planning.

Possibly this is another contributing factor to the disproportionate failure rate of small business in America. Too many new and small business people find something they like to do and build a business around it. They tend to consider how they can earn a living with their choice not even considering real growth.

Many fail to realize they may get old one day and no longer be able to deliver services they loved doing, and their customers loved having done. Of the few that even last a lifetime, many of the owners die poor. And worse, have nothing to leave future generations. Great small businesses the public loved are gone forever. Cost has typically been the major barrier to small businesses making a plan. Small business owners assumed they brought skills to the table they didn’t want to share, if successful. Some felt it would be impossible to train staff to reach the levels of intensity that made them crowd favorites and many never bothered to try. Still others felt they understood the offering they sold and were not interested administration for their companies. They reported small amounts of profits to the IRS, paid a small tax bill and were content with their lives.

Saafenet changes the playing field to the benefit of the small business owner

Developing a plan is actually more important for a small business than it is for larger ones. Because small business owners tend to work in their businesses rather than on them. Older small business people argue they aren’t computer literate. Others insist they only know the products and/or services they’re selling and don’t want to try to learn anything else. Saafenet however, lets the small business person continue to pursue his dream of continued work in his business while building an infrastructure allowing him to work on his business in the future.

Once the small business owner becomes a part of the Saafenet revolution, we build an infrastructure for his company in the background. This results in his gaining a system for his company, aimed at growth. When he’s ready, be that a couple of weeks or several months we introduce him to his complete system. Some will insist they don’t have the time or staff to operate the system efficiently. So we offer him support so he doesn’t have to worry about its operation. We show him why he’s wrong.

For less money than he probably spends on his morning coffee and donuts, we operate his system for him. Thus he doesn’t have to assign staff to maintain his system

Why you need this service

Understand the playing field before you try to start a business

serviceLess than five percent (5%) of businesses are still operating by their third year. A primary reason for new business failures is, the business owners neglect to make reasonable estimates of the amount of money needed to get a business started properly. Upon opening for business, many companies come to realize they don’t have the proper systems in place to attract and retain new business. Making matters worse, is the preponderance of literature being circulated leading people to believe they can make money online with a quality website. It’s possible to earn money online, but you need far more than a website. You need methods to promote it and you need tools to measure activity at your website. Even then you may not earn much because a website should be an addition to your company not the whole company.

Working online alone can get a little bit tricky

This is complicated by the fact the Internet is poorly regulated. Many marketers are aware it takes search engines months to even list your site. Then it may take longer to even get your first sale. This leads to many online marketers feeding on the would be entrepreneur trying to make something happen. Everyone has a solution to getting traffic to your site. Others offer webinars they’ll insist you need to earn thousands weekly. Most of what’s available online for the new business person does little or nothing to improve their bottom lines. Adding insult to injury, many people struggle to get their businesses open only to realize they don’t have an operation that could be branded. Without branding, it’s unlikely you’ll be able to send the right message to potential clients. You may have the best offering at the lowest price, but if no one knows it, so what. Having a full line of inventory or services for resale without a facade to attract business generally won’t get much for you.

Now there’s a service that will help you get started and succeed in business

service

Has developed a system that gives the new business person the highest probability of beating the odds and staying open beyond its third year of operation. But, just remaining open shouldn’t mean much to you. Earning a profit should. This is where we help you. First, we help you decide the type of business that will work best for you based on your current circumstances. Next we help you to define the market (niche) most likely to be hungry for whatever your selling. Then we help you build a business plan, describing how you’ll use that information to develop a profitable business. Then we give you the tools to make it happen.

If you want to know more about going into business, use our free business training, helping you understand the business environment, the steps you need to take to get your business open, and what becomes important after you open for business. The Saafenet Corporation does more than offer you consulting services and tools to help your business be a success. We help you up your business IQ and offer you a complete game plan for starting a business from scratch. Knowledge is the best investment you can make in your business. It pays the best interest. And you can get basic business knowledge here for free.

Comparing brick and mortar businesses vs online businesses

Do you have to make a choice

bricks and clicks consultantsBrick and mortar businesses have been around for centuries. And, offer many advantages to online businesses.  But when you combine both, it’s probable you’ll have a winner.

Brick and mortar businesses use location based marketing as their primary marketing tool. In other words, if you pick a good location chances are that your sales would be better than a company selling the same product or service with a bad location. Good locations can be costly and a decision must be made as to whether the increase in sales justifies the increased costs. Customers tend to trust a business they can walk into and actually sample merchandise before they buy it.

Since it is difficult to operate a brick and mortar business alone it usually requires hiring employees. Increased costs attributable to the necessity of a physical shop and the cost of employees will cause high startup costs eliminating many people from starting brick and mortar businesses.

This issue is complicated by the fact many people believe that online shopping is replacing brick and mortar stores as the preferred method of shopping. In reality total sales online are under 10%.especially as it relates to retail sales. Only Amazon even begins to challenge offline brick and mortar retail businesses. This opens the doors for a flood of scams aimed at the person trying to run an online only business. Online, everyone has a solution for the problem of low traffic for new websites. When in reality the only thing that will increase traffic is a good website design, great content, a back link strategy and in some cases a pay per click strategy. This leads to the purchase of solutions that may have a marginal effect on traffic and almost no effect on conversions or sales.

Online businesses

Online businesses are less expensive to start than brick and mortar businesses. You can typically get a good website for a thousand dollars or more.. But you might want to avoid offers for free websites, that may cost you more in the end. You usually pay for hosting and other necessities that are almost hidden.  Most free websites have add on features that increase the functionality of the website but, it’s unlikely to rank well in search engines. Most search engines hate the  assembly line websites offered free.. Some say online business may be started by selling things on Ebay, Amazon, Etsy and other online sources.

Typically, when an entrepreneur sells things on Ebay, Amazon, Etsy and other online sources, he doesn’t need his own website. Few people, however, make enough to say goodbye to their jobs, when selling part time or occasionally on those sites. And most people using these sources simply make some side income. Competition is stiff and unless you are selling to a niche market hungry for your offering, it’s unlikely you’ll make many sales.

If you opt to sell a product and/or service on your own website, the cost of a website is just the beginning.  You will not have a physical location and it takes much longer for people to know you exist.  You must know how to search engine optimize your website. An understanding of affiliate marketing and various other methods of online promotion can be helpful.  You may need to learn and invest in pay per click advertising as well. Improperly done pay per click can be expensive. It may, however, get you some traffic prior to your other online marketing efforts beginning to bear fruit.

The evolution of both

Commerce was conducted person to person, before brick and mortar stores and online opportunities.  A person might make things for sale and visit the homes of friends to sell it.  Hunters and fishermen might visit townspeople to display their wares for sale. None of these people had storefronts, yet they earned their livings selling things. Much later, someone came up with the idea of buying a variety of things that were known to be needed, and sold them in what became known as a general store.

Modern technology gave birth to e-commerce or sales online. Claims that millions may be earned with the right product attracts many people to online sales  While there is some truth to that, only about 7% of retail purchases are made online. People still prefer to look at physical products before they buy them.  Thus, to be successful in an e-commerce business it’s necessary to have a killer marketing strategy. This issue lead to the development of bricks and clicks marketing. This is a phrase commonly used for a business that integrates both brick and mortar with online sales strategies. Huge retail chains typically dominate such arrangements. But there is a lot of room for the small retailer.

The Saafenet Answer

Saafenet demonstrates how a working person can develop a bricks and clicks business.  A person using the intelligence of commerce since its inception has a high probability of getting this done. First, one must select a product or service they would love to sell. If it has a propensity for profitability, That person should develop a business plan for how he plans to open and grow that business. The Saafenet training manual will show you how.

A material deterrent for most people that want to start a business is money. Therefore the Saafenet Corporation developed a five-step plan to raise enough money to open many businesses. Review our plan for fundraising which includes crowdfunding.  This and all other steps described in our strategy do not require repayment. The Saafenet strategy allows a person to enter the marketplace debt free. This puts him ahead of most people trying to start a new business.

No one including the small business consultants at Saafenet can guarantee that you’ll be able to stay in business. But if you start with the advantages we provide, you have a much higher probability than someone starting otherwise. Because, At Saafenet, we show you how to make sales online and how to use your offline activities to help build online traffic. This isn’t a new concept that came out of nowhere with the rise of e-commerce. And, we show you how to do it without a brick and mortar location.

Understand what it takes to make a business grow by contacting the small business experts of Saafenet

Many people are unaware of all it takes to start their own business. And, of those that make the attempt, too many believe they will make more money online than it’s possible to make offline. Many of these people were so anxious to get a business started they failed to do the research that would have revealed greater purchases are made in physical interactions than are made online. People still prefer to buy a product they can see, touch and sample. Thus, you must understand getting your business started is just the beginning.

Until the day you sell or close your business, you must absorb every piece of information you can get your hands on about the business you plan to open. And more importantly, you must let your promotional approach constantly evolve to consistently attract new business. It’s great to have an online arm to your offline operations, but online, you’re entering a tough arena if you want to make money there alone. Reading through the posts at this website can be a great starting place to help you understand business, and it can be done free. It however makes more sense  when you consider opening a business offline, with an online wing than it does to do either alone. But, whatever type of business you choose to open, you may do better with a bricks and clicks model. There are literally thousands of types of businesses you can open in the service, merchandising and manufacturing arenas. It’s a good idea to do a circle inspection or a last minute check to ensure you’ve cover everything to the best of your ability before opening.  Read the next post as a reminder, before entering the world of business, with the odds stacked against you.

Why you should consider a Merchandising Businesses

If you have enough money to invest in inventory for resale in addition to the other start up costs associated with a new business, a merchandising business may be right for you

Expert business adviceMany people decide to start a merchandising business. Most of them begin by researching the possibility of renting commercial space.  Some people believe they need foot traffic to start that type of business. However, others will forget about research and invest in a franchise. Both possibilities offer an individual an opportunity to have above average earnings but would have him entering the business world in debt unless he had enormous savings.  Most new merchandising businesses fail. Primary reasons for those merchandising business failures include;

Continue reading “Why you should consider a Merchandising Businesses”

PLAN FOR THE FUTURE BY PREPARING TO LEAVE YOUR JOB

AMERICANS NO LONGER WANT A BOSS

job

A recent study revealed the number of Americans working for themselves could reach 42,000,000 by 2020. It was also discovered 97% of self-employed workers had no desire to return to a job, working for someone else. 

Unfortunately, many would be entrepreneurs dreams are destroyed when they realize the cost of starting a business could be prohibitive. A person wanting to start a business could need well over $5,000 just to establish a foundation for a business that has any hope for success. And without the right professional advice, a person hoping to start a merchandising business would need even more money to purchase his inventory for resale.

Because of this many persons give up and settle for staying on a job. And, of those who attempt to start a business, over 49% of them don’t have a website, and many of them fail. Again, the issue is money, which use of our system saves you.

At last there’s a solution

job solutionNow there is a way to reduce the cost of getting started, or increasing your revenue once you’re open. Just as any structure must have a solid foundation to remain stable, so must a business. Without saving, borrowing or involving investors, it’s possible save thousands on the cost of starting a business, or increasing the revenue of existing businesses.

Currently, website developers may charge $2,500 for an ordinary, but acceptable site. But, then you could be charged hundreds more for them to enter the images and content needed to make the site usable. But, no business can be built with a website alone. You must have peripheral software to make the website part of a system.

Saafenet will design such a system for you, including a website worth as much as the one developers charge you thousands of dollars for. You would also get a separate e-mail account, social network business pages, software to monitor your website visitor behavior and website health. You also get your first back links and weekly website submissions to search engines. Your chances of making money online must start with this type of system, or all you have is a website.

For months you could call and have your questions answered about accounting, planning, strategy, website maintenance, and tax issues.   And, it is this advice that will put you ahead of the game. You are shown how to combine offline activities both as your initial revenue source and later to help send traffic to your website. One of the most difficult parts of starting a business alone, is having no one to bounce ideas off. Working with Saafenet is like having a partner, who receives none of your profits, but helps develop strategy. You’re even provided with business cards and stationary.

Learn to earn more money by working on your business, rather than in it.

We won’t operate your business, rather we ensure you have what you need to grow. We offer optional support including accounting and your end of year tax return. If you have an offering sought by a small business program we’ll prepare applications to get you involved. If you don’t have a business plan we’ll help you develop one. And, we provide you with a paperback of our famous training manual for use as a reference.

When you begin to earn a lot of money we offer tax planning, helping you plan for the future. When you add these features to the foundation we develop for you, your time can be spent growing your business rather than worrying about its administration. This gives you many times the opportunity to succeed. Start by looking at all you get in our most popular package. And, prepare for the avalanche of revenue soon to follow!