Meet these paying hosts who work from home by renting out PG digs and…
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- Meet these paying hosts who work from home by renting out PG digs and…
- Audit hit list – Tax – Money – Business – Home – theage.com.au
- When Restless Kids Hamper Home-Based Workers How To Keep Your Business…
Meet these paying hosts who work from home by renting out PG digs and…
Expressindia.com – May 30, 2007
With little education and financial constraints this 23-year-old has been on the job for the past six months ‘looking after’ five working women in Ahmedabad. She even cooks for them and they are almost a family now. With hardly any investment or sticking to a 9 to 5 format Divya has made herself financially independent by doing what she knows best– taking care of home and family… While she pays around Rs 10000 rent per flat she charges anything from Rs 1600 to Rs 4000 per person as per the facilities like food and laundry offered. Each flat has around eight occupants. Like any other business these ladies also need to do some research and look for flats which they do through their social contact and by not by spending an extra money. Getting guests after initial struggle too was done through mouth publicity. Both Anita and Divya already have a list of young men and women who are ready to move in as paying guests. Flats are hired in areas like Vastrapur Satellite and Bodakdev areas well-connected to upcoming commercial and educational hubs in the city. These areas being the entertainment and shopping zones are anothers reason that paying hosts don’t need to look for flats in old city.
Audit hit list – Tax – Money – Business – Home – theage.com.au
The Age – May 30, 2007
Those deemed high-risk can expect even closer attention. Accountants expect the Tax ffice checklist to again includeunusually high work-related expenses undeclared capital gains oninvestments such as property and shares and burgeoning claims forrental property losses. “Individuals need to be mindful of work-related deductionsdeclaring any capital gains tax if they have sold assets and ofcourse making sure they lodge on time” a Tax ffice spokeswomansays. In addition the Tax ffice will soon decide which specificindustry sectors and occupations will get particular attention inthe coming tax return cycle. Last year it was the turn ofaccountants hospitality workers factory hands mechanics ITprofessionals and miners. Businesses that were scrutinised includedbuilding and construction used-car sales restaurants and cafeshorse racing hotels and clubs and fishing. Another focus is likely to be the cash economy – cashtransactions between business and consumers that potentially allowmicro-business operators such as tradespeople to under-reporttheir income… “You can only include that in the cost base when you come tosell reducing your capital gain. The office has also warned taxpayers in the past that a propertymust be genuinely available for rental to claim expenses. A holidayhome showing minimal rental may raise doubts. ne sure way to attract the taxman’s attention is to lodge yourtax return late. Taxpayers have until ctober 31 if they’re doingtheir own tax return or up to May 15 if they go through a taxagent. Addison says if you plan to use a tax agent for the first timethis year contact them before ctober 31 so you’re on the listthey send to the Tax ffice. “If you go in on November 1 – and theagent will be pretty busy at that time anyway – you’ll be lodging alate return.
When Restless Kids Hamper Home-Based Workers How To Keep Your Business…
SolancoNews.com – May 30, 2007
Find a Part-Time Getaway n the other hand some workers need to separate themselves from home even if just for a few hours a week. That’s the beauty of part-time offices which provide a professional place to meet with clients or bear down on a pressing deadline. Fully furnished and equipped business centers are available in most major cities and space can be arranged by the hour day week or months at a time. The flexibility makes it easy to slip away when your spouse is home watching the children. Choose a Home Away From HomeIf you need complete privacy a full-time office away from the house may be just the thing. While leasing and outfitting a traditional office would be too costly for the short term the business center model lets you move right into a ready-to-use office and stay as little or as long as you like. While you’re there take advantage of amenities such as conference rooms and videoconferencing and network with other business people who may be potential clients or partners… When too many delightful distractions make it tough to work at home a part-time or virtual office can help. Courtesy PhotoPrint This PagePSTED 070530_0700 ET.
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