Q&A: Can i take deductions for a home based business beyond the revenue i brought in?

Question by mwright555: Can i take deductions for a home based business beyond the revenue i brought in? I under withheld in my regular full time job and owe alot in taxes…i have a part time home based business that i spent alot more on than i made, can i use deductions to offset the… Continue reading Q&A: Can i take deductions for a home based business beyond the revenue i brought in?

What % of revenue you spend on advertising for your online business?

Question by Teddy: What % of revenue you spend on advertising for your online business? I am new to selling online. If you own an online business, what % of income (from this online business) you would be using for online marketing? Is there a normal range — say 20-40% to keep the business running,… Continue reading What % of revenue you spend on advertising for your online business?