Can A Home-Based Business Have On Your Taxes?
the day that most American's look towards
you one of them?
Are you sick of working hard every day, and
having to give such a large percentage of that
money to the government?
Do you wish that you could find a way to beat
the IRS, but LEGALLY?
so, you are one of millions of Americans who wish
that there was a better way to capitalize more
on the money they make, rather than seeing such
a large portion of it disappear before it ever
even hits their bank accounts.
is an under-utilized solution to this problem.
I want to take the opportunity to educate you
about the benefits that a home-based business
can have on your tax burden.
thinking of the benefits of a home-based business,
many people first think of the following:
not having to rely on a boss
or a company to provide you with everything
that you need
Sense of Self-Worth and Accomplishment
you ever thought of a home-based business as a
venue for Tax Relief?
people do not realize just how much money they
can save by starting a home-based business. Obviously,
the goal is for you to make money with your home-based
business, but even if it does not turn a profit
right away, you can still benefit from the mere
fact that your business exists and that you are
attempting to turn a profit.
your home-based business does not have to be a
full-time venture. It is something that can fit
into your current daily life. You can continue
to do what you are doing today, and add a home
based business into your focus. Eventually, your
goal can be to replace (and greatly exceed!) the
income that you generate from your "j.o.b."
fact is that most people still struggle with finances,
but there are things that you can do legally to
ease that burden. If you operate your own home
based business, then there are many deductions
you will be able to take every year that will
dramatically lower the amount you have to pay
to the IRS in taxes.
recommend that you consult an accountant to find
out exactly what you are legally able to deduct
for your home-based business. But, to give you
an idea of the possibilities, the following is
a list of deductions that will be available to
you if you have your own home based business:
Deductible business expenses can include
a portion of your rent or mortgage, real
estate taxes, utilities, insurance, painting
and repairs. The actual amount that you
can deduct depends on the percentage of
your home used for business. You can figure
the percentage of your home expenses that
are deductible by first figuring out the
percentage of your home that is used exclusively
You can also deduct your travel expenses.
These deductions include things such as
airfare or other transportation costs as
well as your hotel or other lodging expenses.
There are limitations on deductions for
meals. The best part is that if you do your
planning properly, you can mix pleasure
and business and still get the benefit of
Meals and Entertainment Expenses:
You can deduct 50% of the cost of a meal
in a restaurant, or an entertainment/sporting
event like a concert or a football game
as long as business takes place before,
during, or soon after the event.
You can take a deduction for property you
purchase for your business that is intended
to last for more than one year. This might
include items such as computers, office
furniture, and machinery. You are not required
to depreciate long-term business property
because if you prefer, you have the option
of deducting the entire expense in a single
year instead of spreading it out over several
You may need help getting your business
established as well as assistance to keep
it running properly. Fortunately, you can
deduct any fees that you pay to attorneys,
accountants, consultants, and any other
professionals related to the operation of
The old adage goes: "Early to
Bed, Early to Rise
Advertise!" The key to any
business is your ability to advertise. There
are countless ways to advertise for free,
especially with the advent of the Internet.
However, the operation of any successful
business will eventually lead to the spending
of advertising dollars. Any advertising
that you do will count as a business expense,
and therefore can be deducted.
The majority of home businesses do not turn
a profit right away, which means that it
is entirely possible that your home business
expenses may exceed your income. You may
not deduct more than you make in any one
tax year, but you may carry a loss over
to the next year if it cannot be used in
the tax year in which it occurs.
Your Own Home Business
Right here at this
website, I am offering you information about a
business that you can operate from the comfort
of your own home that is truly changing lives,
including my own. You can take advantage of
this opportunity to start your own home based
business and also begin to capitalize on all the
tax benefits of being a home-based business owner.
As you have read here today, there are many tax
benefits you can receive just by starting a home
based business, and you do not even have to turn
a profit immediately to take advantage of these
benefits. The tax advantages of a home based business
are so great, that the idea of starting your own
home based business is one you should take into
To find out more about the best home business
opportunity available to you, I encourage you
to take that first step right away. Fill out the
form below, and I will provide you with additional
information about the opportunity that is enabling
me to live the life of my dreams, and it also
lets me keep more of the money I make. I look
forward to hearing from you!