You Are A Small Business Now!

Being a tutor has now given you the opportunity to work for yourself. You can set your own hours, pay, location of services, weekly schedule, and can determine who you work with. Essentially you are a small business! Some things to know about running your own Tutoring Business are small business tax laws, forms of payment, and venues that are acceptable.

According to State Law you must report and pay taxes on any income that exceeds $400. This is a link to the Self Employment Laws for the IRS. Self Employed Individual Tax  You may wonder if this will apply to you? It more than likely will and it would be wise to look into it. For this very reason Tutor Mash Up!, advises all tutors and mentors to maintain a log book with receipts and payments made. These can be found easily at your local office supply stores like Office Max . Keeping track of all money made and spent in relation to your business will prove to be valuable when tax season rolls around.

You will also want to be very clear prior to your first meeting with your new student about your fee and forms of acceptable payment. Some tutors will only accept cash while others happily take checks. There are also those that have the attachment scanners on their smart phone so as to accept credit cards. Whichever you choose to accept is fine but be very clear with your clients prior to your first meeting.keeping your client happy with your service the first time they meet you will go a long ways towards building a positive relationship.

Another thing to consider when tutoring is the venue. If you are unfamiliar with your client you should always meet in a public place. Libraries, coffee houses, & community centers are all wonderful places to meet. This is for your protection as much as it is for your client's. Parents and students will feel most comfortable meeting in a neutral & public location. Tutor Mash Up!, wants to always urge our members to always meet in public places! It's best for everyone.

Now that you are beginning your adventure into being self employed the sky is the limit! Update your profile and keep it current. You will want to add a list of references or customer reviews, a current professional looking head shot, and a working resume' of you have one. All of these combined will help you to become a busy tutor!