Another recession may be approaching, and people all over are feeling the heat. Jobs are few and far between and people across the country are getting laid off. The depression may make everything seem grim, but there are some things you can do to ease the burden. Read on to learn how to handle the current bad economic news.
Don’t forget to deduct part of your Internet connection expense. You will be able to deduct a percentage of your annual bill against your taxes, that percentage will be dependent if it is used for personal use as well.
If you must take clients out, you can itemize these expenses. Any such costs are generally viewed as necessary and legitimate business expenses. Make sure that the clients are going to remain clients, because otherwise these outings aren’t tax deductible.
You must keep separate phone lines for business and home use. Using the same phone line for both is unprofessional. Your business calls may be answered by your family, who know nothing about the customer. In addition, you should have a message on your answering machine that is specific to your business.
Make sure that you always dress for success. Working at home sometimes makes you feel as if you can sit around in your pajamas. As with any other job, you should dress for success. This can improve focus and productivity.
If you are out of stock in a particular item, be sure to let your clients know about it. Let your customers know the status of their order. If you are out of stock, let them know. Always be specific on the time order if there is an expected delay so your customers can make the choice to order an alternative item.
As mentioned, it seems that a recession can be coming again, even though we are in an economic downturn right now. You may think, like many others, about how you’re going to make things work financially. Hopefully these tips will help you deal with this new Great Depression.
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