Some points on charging for your work:
(1) The Internal Revenue Service (USA) likes to see a profit two years out
of five but they cannot mandate that. If you go several years showing a
loss, your chances of an audit rise considerably. You can write off expenses
up to the amount of income with little scrutiny though.
(2) A web page or site is a cheap way to get the word out and has almost
become a necessity in some areas.
(3) Charge what your service is worth. If you start out too cheap, your
clients will be offended when you try to raise prices later.
(4) Be sure you have the skill and equipment to do assignments you accept.
If you are not sure, do some tests at your own expense before accepting the
job. If that isn't possible, make sure the client understands the risk
involved. One "aw-shit" cancels a lot of "at-a-boys" and word of failure
travels fast.
Remember to have fun doing it..../jim
-----Original Message-----
From: owner-olympus@xxxxxxxxxxxxxxx
[mailto:owner-olympus@xxxxxxxxxxxxxxx]On Behalf Of Robert Gries
Sent: Friday, September 13, 2002 11:12 AM
To: olympus@xxxxxxxxxxxxxxx
Subject: [OM] Life style change coming up
Chuck:
I have been happily using my OM's for a supplemental income to fund my
graduate school. Although it is true that you can write off equipment
expense, be sure that you don't have a business that looses money at the
end of the year. The IRS gets suspicious if you don't turn a profit
after a few years - especially if it is border-line "hobby".
<<snip
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