Tax Advantages!

I wanted to share another benefit of having your own business that you might not be aware of…

 Tax Advantages!

 So, I’m not one to bring up taxes, but no one enjoys paying them. What you might not realize is there are tons of tax advantages to having your own business. While many people start a business of their own to have more freedom, time with family and of course – to make more money. Really smart people start their own business to put more of their money in their pocket. And…on tax day, being self-employed could save you thousands of dollars!

 Here’s just a few of the things that may be deductible:

- Your telephone service

- Your home office

- Business start up costs

- Travel

- Car expenses

- A portion of your utilities

- Office supplies

- Business lunches or dinners

- That new computer you need to run your business

- That nifty Apple iPhone you require for on-the-go calling.

- Software

- Postage

- Bank Fees

 And the list goes on and one. Many of these things you’re

paying for right now. Wouldn’t it be great if you could write them off?

 You might even be able to pay your kids to work for you and write it

off! Wouldn’t that be a blast…

 Of course you’ll want to consult your accountant as laws vary from state to state, country to country and year to year, but we 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!