That is what Toni Christy, 51, is doing: In order to offset her taxable income, she hired both her sons to assist with transcribing and editing at her San Diego business, which provides transcription services for the deaf.

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Meanwhile, in addition to editing the site, Minshew was forming partnerships with Forbes, Business Insider, and Huffington Post to drive traffic to PYP.

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Lord Sugar, who founded the Amstrad computing business and is now best known for his Apprentice reality TV programme, is guest editing the Radio Times.

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While I have run my business for seven years, the process of moving onto an e-commerce platform, setting up a merchant account, editing photos and navigating the legal and tax logistics of this new stage of my business have introduced me to areas in which I am not an expert.

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After experience with early hand- held calculators at Rockwell International, with the first consumer video tape recorder at Cartridge Television, and with the original computer controlled video editing systems at CMX Systems, a CBS-Memorex joint venture, he began his own management consulting business in 1974.

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