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If you’re running your own business out of your home which includes MLM companies, Network Marketing companies, Direct Sales companies or any type of employment where you are deemed “self” employed, then it is your duty to be current on IRS rules and codes that apply to the self employed.
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The following is a brief summary of what you should know regarding the IRS and how it views the Network Marketing industry. This is so important because the tax rules and codes were written for the specific purpose of those individuals venturing into the new business realm of direct sales. The last thing the direct selling industry needs is a reputation with the IRS and other government agencies that individuals are posing as business owners for all the wrong reasons.
You and I both know that in today’s economy, not only is it paramount that we create a substantial income, but more importantly, how do we hold on to as much of our earnings as possible.
Well the IRS knows how much is involved in starting up a business. Don’t be fooled for one second thinking that just because your office is in your home that starting a new business is any different that those starting up a business that includes a monthly rental bill. The logistics and requirements are much the same no matter where your office is.
- Network Marketing has been recognized as an important industry by the IRS.
- In 1982, the IRS specifically recognized the independent contractor status of direct sellers.
- The IRS issues a number of materials addressing the issues of self-employment workers and home-based businesses.
- The IRS specifically addresses the issues of network marketers in IRS Publications 911. See Tax Guide for MLM/Direct Selling Distributors
- One in ten thousand households in America has a direct seller.
- There are approximately ten million network marketers in the United States
- Sales of the Network Marketing industry in the United States are in the $20 billion range.
- About 65 percent of direct sellers area female and 35 percent are male.
- For most, Network Marketing is a part-time activity. Approximately 80 percent of networkers work part-time, less than 30 hours a week earning less than $500 per month.
- Network Marketing opens doors for everyone. About 5 percent of Network Marketers are senior citizens, and about 8 percent have physical disabilities; 13 percent are African-American; 5 percent are Hispanic, and 1 percent are Asian.
- The top five reasons that people join network marketing companies:
1. I like and believe in the product (90 percent).
2. I like being my own boss (73 percent).
3. I like working at home (64 percent).
4. The harder I work, the more I make (54 percent).
5. I enjoy selling (49 percent).
When it comes to back pain most people deal with the problem on an after the fact basis; that is to say, people do not deal with treating a back injury until after the injury has occurred and the possible lower right or lower left back pain reaches a level so severe they must seek treatment. Of course, this means that the injury has already occurred and can not be avoided. So, in order to dealing with such an injury it is necessary to perform a little bit of preventive medicine to drastically reduce the potential for injury. In other words, one must look at high risk behavior and attempt to eliminate such high risk activity. While the complete elimination of physical activity that might cause lower left back pain may be outright impossible, the steps can be taken to minimize the potential of such injury.
ReplyDeleteOvertraining as a Source of Lower Left Back Pain
A number of back injuries are sports or activity related and often this is the result of a freak accident or occurrence. However, such freak accidents are NOT the primary source of such injuries and the resultant lower left back pain. Often, the pain and the injuries result from overtraining. For example, if one is an avid weightlifter and performs repeated exercises as a high level of weight, repetition and intensity, the body may start to suffer a series of minor injuries that can progressively add up to the point where a major injury is only a short time away. When it comes to overdoing back injuries, the chances for serious injury are significant as martial arts legend Bruce Lee learned in 1970 when overtraining led to a back injury that left him bedridden for several months. (Lee’s injury and condition would have been completely avoided had be simply trained at a lower level of intensity)
Common Activity and Lower Left Back Pain
Not all back injuries are sports related as they can derive from overdoing common everyday activities and work related activities as well. A human being is not a robot and if the body starts to break down and sends warning signals such as lower left back pain, it is imperative that the person take it easy so as not to aggravate the condition. If a person works a physical job and it is causing extreme stress on the back, it is important to take it easy and let the body rest. Whatever money that is made working hurt will be lost in down time when one has to remain in bed for 6 months due to an injury. Just ask Bruce Lee.
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