Running Archives - BOLLYWOOD SURKHIYAN

Internet Marketing Running on Steroids!

Our goal is to build an Internet business second to none. Is that possible or maybe we need to work on new plans and get more focused if we’re going to bulk up like we’ve been hitting the steroid bottle or too many energy pills.

Anyway, as “they” say, there’s no free lunch and that does seem to be true at our house and I’m guessing yours too. Even with a few challenges we believe that GRATITUDE is our mainstay for living to enjoy the good life.

Internet Marketing and “possibilityTHINKING” go hand in hand. Nothing seems to offer the same or even a similar opportunity for us to build our own home business and turn it into a “cash cow” of huge returns. We like that option for you along with our entire mastermind team. I’m confident you agree and

we’re programed (focused) on making it happen.

Where’s the problem with this picture? Sometimes our family members or close friends bring out the negative board with NO way or impossible, you’ll never make any money so get yourself a job, right? J.O.B = “JustOverBroke” or you’re not smart enough, you don’t know how or worse, it’s a stupid idea.

Some will say that YOU need to get yourself settled into a big corporate position, big salary, perks and all the goodies, a retirement pension, nice car, insurance extraOrdinary. Maybe an NFL starting line position, right?

Unfortunately, times have changed across America, the entire world seems likewise, many former “grunt” jobs are long gone along with many executive positions most of us have known in the past.

A high percentage of the “workforce” today is living with parents well into their 20’s and 30’s for survival. Many starting jobs are low pay often found in the food industry, sales jobs on commission or large box stores packing and shipping to name just a few employers hiring in most areas.

All you have to do is look around your local environment, notice where most of your peers are working, others standing on the corner doing “nobody” knows what except it’s illegal, criminal or financially a poor choice in the marketplace.

Any of us can “paint” a bad picture or see things from the negative side but there are still opportunities available for the go-getter willing to start at the bottom and work up the ladder to prove their value to an employer.

I’m convinced there will always be new industries, new discoveries, inventions showing up as income possibilities for the dreamers and thinkers willing to believe in “possibilityTHINKING” along with a few trials and tribulations.

Sitting back on your hands will never get the fire started but those with some ambition and motivation are the ones with a “fire in the belly” worth our notice and a knowing that good will come and develop into a valuable asset in time.

Many people are turning to the Internet Marketing challenge, learning from those trainers and coaches with good tracks, integrity, honesty that remains intact for the discerning to validate, vet with due diligence prior to making a leap into the world of building your own home based business.

The IRS Wants to Know, Are You Running a Business or a Hobby?

Being a small business owner brings with it a whole host of challenges. Not only are you concerned with taking care of your client’s needs, getting paid and paying your vendors. You also have to be concerned with staying compliant with federal and state laws as well as local guidelines. Small business owners, especially sole proprietors, are at an increased risk of audit. The federal government believes that self-employed people are grossly under-reporting their income and over-reporting their expenses. According to the website Tax Help Online, “You might be shocked to learn that 20% of all small business audits involve disallowing deductions because the IRS reclassifies the small business as a hobby under the so-called ‘hobby loss’ rule.” Internal Revenue Code Section 183 (Activities Not Engaged in For Profit) limits deductions that can be claimed when an activity is not engaged in for profit. IRC 183 is sometimes referred to as the “hobby loss rule”. As a small business owner, it is your responsibility to make sure your business is viewed as a legitimate business in the eyes of the IRS and not a hobby.

Below, I have listed some smart business practices that will not only help you define and grow your business, but will also help you document that you are running a real business and not just performing a hobby.

1) Write a business plan. There are lots of local small business support centers that can help you to put your plan in writing. For example, the Small Business Administration has both local and online resources to assist you.

2) Determine your legal structure (LLC, Partnership, C-Corporation, S-Corporation, Sole-Proprietor).

3) Obtain an Employee Identification Number (EIN) from the IRS.

4) Open a separate bank account for all of your business transactions (deposits and expenses). You need to keep your personal and business transactions separate.

5) Establish a separate line of credit or credit card to use with your business. Put personal expenses on a personal card and put business expenses on a business card.

6) Keep your business documents organized. The National Federation of Independent Business recommends keeping business records and receipts for at least seven years.

7) File completed tax returns on time. This would include all required schedules and signatures. Depending on the type of organization you have, you or your CPA will be filling out forms like 1020, 1065, 1040 Schedule C, 1096, 1099, 940 along with calculating your self-employed tax. I highly recommend finding a local Certified Public Accountant (CPA) that is familiar with your industry to help you determine which forms you will be required to file and making sure they are submitted on time and to the right government office.

8) Hire a support team: A lawyer can help you with your legal structure and a Certified Public Accountant can help you keep your finances in order as well as keeping you compliant with local, state and federal government.

9) Create industry standard business documents and forms to include: logo, letterhead, business cards, and website.

10) Advertise in your local media along with appropriate trade periodicals.

According to IRS document, FS-2008-23, below are some of the questions that the IRS may ask when determining if your business is engaged in for-profit activity. You will need to be prepared to answer these questions and provide documentation.

1) How many hours a week do you work in the business?

2) Do you depend on income from this activity to pay your bills?

3) Do you have the knowledge needed to carry on the activity as a successful business?

4) Have you made profit in similar activities in the past?

5) Does the activity make profit in some years?

6) Do you expect the activity to make a profit in the future?

7) Are there elements of personal pleasure or recreation?

8) Has your business made a profit in 3 of the last 5 years?

According to IRC 183, “If your business activity is not carried on for profit, allowable deductions cannot exceed the gross receipts for the activity.” The result is that your business deductions will now become itemized deductions and be limited to your hobby income.

For more information and assistance in helping your company maintain their position as a legitimate business, please contact a local CPA. Each state has its own independent licensing board. If you are located in North Carolina, you can contact the NC CPA Board website and click on their “Licensee search” button to locate a CPA near you. All licensed and active CPAs in North Carolina will be found on this website.

Running Man: From Cracking Jokes While Playing Games

When it comes to South Korean reality-variety shows, many can take the cake. But, one show that is one of the most popular as the good Sunday series is the ‘Running man.’ Without any doubt, this quirky, adventurous, comedy-rich, and competitive variety show with hosts and guests is quite an entertainer.

About Running Man

For those who are not familiar with the show, here is a little introduction. This show is aired on SBS as part of the Good Sunday lineup. Urban works media and SangSang company produce it. The format of the game is like any reality game show. Here the team of MCs and a guest go to nay urban location and take part in multiple line-ups of missions. Winning each mission takes the participant one step closer to winning the race.

The show is being aired since 2010 and since then has aired 554 episodes. The show is shot in various locations like Macau, UK, Russia, China, Vietnam, UAE, Australia, etc., along with South Korea.

There are several MCs of the show, Yoo Jae-suk being the main MC, runs the show along with other big names like Lee Kwang Soo, Jee Seok-Jin, Song Ji-Hyo, etc. The show has also received a place in the business insider’s list in the year 2016.

Why is Running Man so Much Fun?

When it comes to a reality-variety show, there is always a time when the impact is lost on the audience. But, this show has maintained its impact, and people live to watch it to date. Why? Well, the biggest reason is the cast. Their continuous banter, their jokes, and pranks on each other make the show an ultimate fun ride.

Also, people love the betrayer trio of Ji Suk Jin, HaHa, and Lee Kwang Soo. They are always out there pulling pranks and bullying each other, making the show a laugh riot. The games are always fun to watch as well. Ripping name tag is the game that makes everyone be part of it. This iteration of hide-and-seek is one of the best things in the show. The new locations and new guests make the show much more entertaining.

Some Fun Facts

Kim jong kook from the entire cast is the only one who is fluent in English.
Initially, it was designed to make the game ‘all-men’s to make it competitive. But later, Song Ji-Hyo became part of the game and gave the guys an equal competition.
Ripping the name tag is the most popular part of the game. But not many know that the name tags are quite expensive, costing up to 75 dollars each.
Most of the cast member shows their real personalities in the show, in a slightly exaggerated way.
Earlier, the show was designed to be competitive. But later, it was turned into a more competitive and comedic format.
From the very beginning, Lee Kwang Soo is the most bullied character in the game.
After South Korean running man, China to have their running man show, by the name of ‘Hurry Up Brother.’

Running man is one of the most popular reality-variety shows from South Korea with a big Hallyu fan following. The show is also subbed in various languages like English, Thai, Vietnamese, Portuguese, Malay, Russian, Arabic, Turkish, etc.