By James Stephenson
The New Encyclopedias for Supplemental source of revenue
Filled with 202 confirmed money-making possibilities, every one ebook during this renowned sequence outlines a large number of the way you could complement your income.
The present development of lively retirement is starting to be. This publication exhibits you what you are able to do in retirement to make more money. Plus, it comprises the necessities on getting began, with priceless tips in all parts of industrial and an in depth source list.
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Additional info for 202 Ways to Supplement Your Retirement Income
The major disadvantage is double taxation. Corporation profits are taxed, and then the same profits are taxed again in the form of personal income tax when distributed to the shareholders as a dividend. Unfortunately, the same does not hold true if the corporation loses money. 202 Licensing and Permits Whether you are selling antiques from home or operating a nonmedical home care service, you are classified as a business, and all businesses must be licensed. In all probability, you will to need to obtain several licenses and permits, depending on the products and services you sell and how these products and services are sold.
More information about financing your business can be found in Chapter 2. CHAPTER 1: Getting Started ■ 11 12 ■ CHAPTER 1: Getting Started Health Your health is also a major consideration to finding a good business match. Are you healthy enough to handle the physical strains of starting and running the business? If not, you may end up having to hire people for the job, which can be problematic if the business revenues are not there to support management and employee wages. Of course, some businesses require a higher degree of good health and physical fitness than others.
One is charged by most provinces on the sale of retail products to consumers and the second is charged by the federal government. The latter is known as the goods and services tax and is charged on the sale of almost all goods and most services. ca. There may be other licenses, permits, certificates, and laws to comply with in terms of starting and operating your business, or selling certain products and services. S. Food and Drug Administration (FDA). Keep in mind that the obligation is on the business owner to learn about the laws and regulations that must be followed and the relevant permits and registrations that are required.