With regard to tax, here in Australia we must get an A.B.N. (Australian Business Number). bookkeeping can be kept fairly simple - depends on how you run the business are you purchasing at a discount, then on-selling at retail price? you need to declare any profit (your earnings) (this is how it is done in Aust. anyway).
you also need to claim business expenses, ie stationery, brochures, advertising ect anything you need to purchase for the running of your business, you can also claim vehicle kilometres ie if you were going to a fair to set up and sell your cosmetics you could claim the klm's travelled from home to the fair and back. You can also claim certain aspects of your home as this is your office, however talk to a professional about this as I am not 100% sure about the in's and out's.
Hope this helps, as I said this is how it is done is Aust. it maybe different O.S.
Regards
Caroline
http://alwaysnaturallygreat.com
----- Original Message -----
From: nlfain02
To: entrepreneursathome@yahoogroups.com
Sent: Saturday, February 23, 2008 6:41 AM
Subject: [entrepreneurs] Cosmetic Business
I will be running my own cosmetic business out of my home and I am
curious about ways to get new customers and marketing. Also, any tax
information would be helpful-Thank You!
[Non-text portions of this message have been removed]
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