Your Questions About Business Online Services Social Security

Michael asks…
Using Quickbooks Premier, how long to receive confirmation of electronically filing W-2 and W-3?
I submitted the W-2s and W-3 (I think). But I want to confirm the information that was actually submitted just for my peace of mind. QB shows the status as Agency Accepted, but that doesn’t tell me what they accepted. I can’t find the filing on Social Security Business Services Online. It just says that nothing has been submitted (Maybe that means that no W-2s were submitted via BSO).
My big problem is that I need to file a corrected W-2 (W-2C), but we are not supposed to submit that until SSA has completed processing the initial W-2 submission. But, I cannot tell if that has been completed or not.

Jere answers:
Should take 2 to 3 business days.

Lizzie asks…
What business should I select?
I’m 13. Over the summer, I want to start an online business. I have many ideas, but ive posted the two that struck me the most. I feel these are great ideas, but I’m not sure which one to choose. My goal would be to make six or more figures a year. I know that sounds crazy since I’m only 13, but it’s my goal. I would love to become financially independent.
1. My first idea is my favorite. It is a website where users can submit original songs, and other users can listen, rate, comment, share, and chat. There would also be features where users could post info and where bands could find new band members. I would make money from selling ad space, and maybe creating a pro membership with extra features if the site becomes big enough. Some problems I ran into when I was thinking on this idea was not having enough money to create the site. I thought it could cost $100,000 to have a web design firm create the site. Then i realized my cousin has been at RIT majoring in web design and programming for 2 years. I asked him, and he said he would be happy to build the site. Althoguh he may not be a professional, this site that he builds could be a “beta” launch, and money I make from it, I would reinvest into the site. My grandparents also called me yesterday saying they would love to give me money for marketing.
Idea 1 Overview
Target Customer: musicians, artists, independent artists, songwriters, record producers.
Revenue: ad space, pro membership
Variable Costs: websit matinence, domain, hosting, marketing
Type of business: online business, online company, internet business, Internet company, small business, service business, social network site, online community.
2. My second idea is quite simple. I would create a basic website with storefront capability, and sell musical instruments such as guitars,bass, drums, keyboards, dj, mixers, lighting. I would buy the products from a wholesale/dropship company. Vthey would dropship the items when I give them the order details. I would price competitively but price to make a nice profit.
Target customer: musicians, bands, artists, guitarists, djs, keyboardists, record producers, drummers, bassists.
Revenue: ads on site, selling products
Costs: website, website matinence, domain, hosting, wholesale products, marketing
Type of business: online business, retail, ecommerce.
Idea 3. This would be a website where users can store photos and or data on a secure digital storage site. It would cost users 4.49 a month and they get a certain amount of storage. My cousin would program the site. I would also have great security features for customers. This is a new idea and I know I would be competing with brands such as mozy, photo bucket, etc, but I feel I can start small and build up a better brand name.
Overall, I love the first idea and the third.. Which idea should I do? Which idea is more profitable? Even if you don’t like either, please choose the one of the above if you had to choose. I have been going to a Business Camp at my school and I enjoy it.

Jere answers:
2 actually sounds like a plan. You’re too young to remember, but it’s been over 10 years now that we saw proof that “on the internet” doesn’t make money. You have to have a product or service to sell. Data storage is free – you can get over 100GB of free storage today with no effort. You’re selling ice to Eskimos in the winter if you try to sell storage. Making money from ads on a site only starts working when you have hundreds of users per day, every day.
You still have 2 problems with #2:
1) Your age. You can’t legally be held to a contract, so someone else would have to get the merchant account, PayPal account, etc. And be legally liable for the business. (This will be true for any business until you’re 18.)
2) Competition. If you can’t sell for at least a bit less than the competition, you won’t sell anything.
The current economic situation won’t help either. A LARGE part of your customer base (IOW, people) aren’t spending money for anything but necessities.
But good luck. I wish you well. (I was a TV repairman when I was 10, and delivered newspapers when I was 12.)

Ruth asks…
Which business should I pick?
I’m 13. Over the summer, I want to start an online business. I have many ideas, but ive posted the two that struck me the most. I feel these are great ideas, but I’m not sure which one to choose. My goal would be to make six or more figures a year. I know that sounds crazy since I’m only 13, but it’s my goal. I would love to become financially independent.
1. My first idea is my favorite. It is a website where users can submit original songs, and other users can listen, rate, comment, share, and chat. There would also be features where users could post info and where bands could find new band members. I would make money from selling ad space, and maybe creating a pro membership with extra features if the site becomes big enough. Some problems I ran into when I was thinking on this idea was not having enough money to create the site. I thought it could cost $100,000 to have a web design firm create the site. Then i realized my cousin has been at RIT majoring in web design and programming for 2 years. I asked him, and he said he would be happy to build the site. Althoguh he may not be a professional, this site that he builds could be a “beta” launch, and money I make from it, I would reinvest into the site. My grandparents also called me yesterday saying they would love to give me money for marketing.
Idea 1 Overview
Target Customer: musicians, artists, independent artists, songwriters, record producers.
Revenue: ad space, pro membership
Variable Costs: websit matinence, domain, hosting, marketing
Type of business: online business, online company, internet business, Internet company, small business, service business, social network site, online community.
2. My second idea is quite simple. I would create a basic website with storefront capability, and sell musical instruments such as guitars,bass, drums, keyboards, dj, mixers, lighting. I would buy the products from a wholesale/dropship company. Vthey would dropship the items when I give them the order details. I would price competitively but price to make a nice profit.
Target customer: musicians, bands, artists, guitarists, djs, keyboardists, record producers, drummers, bassists.
Revenue: ads on site, selling products
Costs: website, website matinence, domain, hosting, wholesale products, marketing
Type of business: online business, retail, ecommerce.
Idea 3. This would be a website where users can store photos and or data on a secure digital storage site. It would cost users 4.49 a month and they get a certain amount of storage. My cousin would program the site. I would also have great security features for customers. This is a new idea and I know I would be competing with brands such as mozy, photo bucket, etc, but I feel I can start small and build up a better brand name.
Overall, I love the first idea and the third.. Which idea should I do? Which idea is more profitable? Even if you don’t like either, please choose the one of the above if you had to choose. I have been going to a Business Camp at my school and I enjoy it.

Jere answers:
Wow! You have AMAZING ideas! I’m 19 in college talking Marketing and I still have NO idea what I want to do! Good job 😀
I agree with you, I really like the 1st one! That is a BRILLIANT idea and you must tell me the second its up & running so I can check it out! Its like YouTube but better… Wow! Amazing 🙂
I’d have to say #1 is also the most profitable if you charged users to upload songs, etc. Maybe a free membership but to then upload you have to pay? Lets say (for example) $2 – 1 song, $5 – 3 songs, $10 – 10 songs etc..
To promote yourself, make sure in HUGE bold letters that to sign up, its completely free! Then, once they’ve registered, then let them know it costs to upload songs, and emphasize cheap, good deals, things like that to make the user feel it is a good bargin!
AND, make sure you advertise or promote the fact that by using YOUR website, you can help them become the next biggest thing in hollywood!
Another tip, make sure the website is user friendly and not hard to us, and very simple 🙂
GOOD LUCK!
I hope you become very successful and keep those dreams coming!!!!!

Donna asks…
How can I match a birthday with a social security number?
I’m the owner of a small business and have hired on some general laborers. In my area, there’s been a crackdown on businesses that hire illegal immigrants. The fines and penalties are harsh if I’m caught having fraudulent workers on my staff. Now each of my workers have provided a social security card and identification as required for the I-9, but I just want to make sure. I don’t hire that often so I don’t want to have to pay for a background checking service. Just looking for some free services online where I can match up identities.
Any help is greatly appreciated.

Jere answers:
You can’t do it this way. But, the Social Security website has a procedure. See link …

Susan asks…
Can I submit employees’ W-2 salary forms (for tax) on paper?
We are a household employer of two people (nanny, cleaning). I need to give them W-2 forms for 2007 and file the information with the (US) Federal government. The amounts of info and money involved are trivial from the IRS’s perspective. But I had wanted to do this early in 2008 as a convenience to our employees, now just want to do it by the Jan. 31 deadline to obey the law.
For the previous 2 years I created their W-2 forms and submitted that info to the Feds online, using Social Security‘s Business Services Online (BSO). This year I am finding it impossible to log onto BSO, having spent about 20 hours this month trying to log in, calling their number, speaking to somebody, sending email, leaving voicemails. I still cannot log onto this user-hostile system and create/file the two employees’ W-2 forms electronically. To obey the law and get the W-2s to our employees by Jan. 31, can I write the forms by hand, give those out, and submit the employer info to the Feds by US mail?

Jere answers:
No.
You can handwrite the W-2 if you use black ink and write legibly, but a handwritten W-2 may delay the processing of the return.
However, for reporting the W-2 wages to the SSA, you must complete the online reporting.
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