Thursday, July 1, 2010

Start Your Own Business

This might be a good time to start your own business or go back to school there are plenty of tax benefits offered to business owners, especially during their first year of business, where it is not uncommon to report a loss in revenues. We all have talents, find your niche, offer your severs for free to gain experience and confidence. Many businesses were born out of job loss. This might be your time.

Some states offer Self-Employment Assistance for dislocated workers and offers the opportunity for early re-employment. The program is designed to encourage and enable unemployed workers to create their own jobs by starting their own small businesses. Under these programs, States may pay a self-employed allowance, instead of regular unemployment insurance benefits, to help unemployed workers while they are establishing businesses and becoming self-employed. Participants receive weekly allowances while they are getting their businesses off the ground.

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