Copyright © Karen Pore, Your Partner In Online Success
Let's talk about one of the top benefits of Owning Your Own Home-Based Business.
Tax Incentives. Many people overlook this very important benefit but it can make a huge difference for you come Income Tax Day.
Running a business out of your home can save you up to $5,000 or more on your taxes every year even if you don't have success!Here are just some of the things you can write off:
--- Your business start-up costs
--- A portion of your house payment or rent
--- A portion of your utilities
--- Car expenses
--- Travel
--- Meals
--- Magazine subscriptions
--- Child care
--- Telephone bills
--- Postage
--- Office equipment (need a new computer?)
--- Software
--- Bank fees
--- Your Internet service The list goes on......
Many of these things you have and pay for anyway. But now that you can operate a business from home, they become a tax write off.
You can even pay your kids to work for you and write it off. Now that's a smart way to save for college.
Of course you'll want to consult your accountant as laws vary from state to state, country to country and year to year, but I can promise you this: having a home-based business will help keep more of your hard earned money in your pocket instead of The Tax Man's. Seriously, I don't understand why everyone doesn't start a home business? It must just be a lack of education in this area.
Get educated, it's worth a GUARANTEED #3,000 to $5,000 a year in tax savings or more...Here are the tremendous tax advantages from our business and you can instantly have them too:http://lifetimeincome.net/assets/video/cantx2/index.html
I realize it can be a big decision to start a home business. But, please don't hesitate to email or call me if you have any questions or just want to discuss options. Until next time.
Karen Pore is a home based business and online marketing coach through her FREE 7 Day Online Success Boot Camp. You can learn more about Karen and take her online boot camp here: http://www.OnlineMarketingSuccessBootcamp.net/
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment