Taxes
Individual income tax form
1040
Someone who works at a place
Employee
trustworthy, expertise in a subject
credibility
describes the company, clients it plans to serve, and how you will meet their needs
company description
money before taxes and expenses
gross income
Form given to independent contractors to file on their 1040
1099
Independent contracto
uncertainty of what is expected of a position
how you plan to attract clients
marketing and sales
the language of business
accounting
Business's profit and loss statement on their taxes
Schedule C
Business structure that limits the exposure to risk. It may be a single or multiple owners
LLC
to understand another person's feelings
empahtetic
market analysis
nonmonetary exchange of goods or services
bartering
Taxes levied on small business owners. Currently 15.3% ( SS & medicare) on top of individual income tax
self employment tax
Single owner with no distinction between business and owner
sole proprietorship
study of right conduct and good living
ethics
expenses before a business opens
start up costs
tips
gratuities
Expenses such as advertising, continuing education fees, and massage supplies are an example of what
tax deduction
Business owned by two or more people with unlimited liability for business debts
general partnership
behavior based on honesty, sincerity, and good intentions
integrity
discusses company's legal structure
organization and management
recording financial transactions
bookkeeping