New changes in the tax laws have made it easier than ever to claim Home Office Deductions and keep more of what you earn. If you carry on your business at home, you can include a lot of your personal … Continue reading →
A simple deduction under section 179 can go a long way in helping you save money. How Does Section 179 Help You To Save Taxes? If you are doing business, you can save a lot of money under section 179 … Continue reading →
For average Americans, taxes are the single largest bill they will pay. Almost 40% of every working person’s wages go to taxes: that’s more than most people pay in utilities, rent, car loans, or education expenses. And while the burden … Continue reading →
Are you one of those people that want to go in business for themselves? New home based small business owners are not generally aware of all the tax deductions that apply to them. It doesn’t really matter where you work … Continue reading →
Starting and operating your own home based business is the ultimate tax shelter. Although this article has been written from a Canadian income tax perspective, the principles should be practical in other tax jurisdictions. 1. Non-Deductible Personal Living Expenses All … Continue reading →
I ran across a web site that offers a wealth of information about how people like us with a home-based business can increase our Tax Refunds by thousands! I’m estimating about a $3,000 to $5,000 tax savings, based on what … Continue reading →
Doing business online is starting to be a much preferred way of transacting business both by the sellers and the buyers not only because it is way more hassle-free than real shopping but also because it provides a chance for … Continue reading →
You may already know how wonderful it can be to work from home, but do you realize how many home based business tax advantages exist? Here in the United States, many people operate home based businesses just to take advantage … Continue reading →
So you want to start your very own online business. Aside from having unlimited access to the Internet, you also need to be armed with adequate knowledge about taxes and your online business because without it, you will surely be … Continue reading →
First (I have to ask this) why did you wait for 10 months to ask for your money back? And second, please don’t admit publicly that you have a big refund coming, because you don’t want people who know you, … Continue reading →
TAX DEDUCTION FOR ENTERTAINING YOURSELF? When you have breakfast with a group of your MLM ‘downline,’ and each of you pays for his/her own meal, is there any tax deduction possible? How about if you go to lunch with three … Continue reading →
Are you a little confused (or perhaps allot confused) about all the record-keeping requirements needed for taking many home business tax deductions? What you need is the ‘plain English guide’ that contains most of the answers you’re looking for. Of … Continue reading →
Starting up a small business could be a great way to make a living. The available options for the industry you create your company in are expanding, and more and more individuals are taking advantage of this. Whether you are … Continue reading →
Job insecurity and higher taxes — not a reassuring combination, is it? Is there anything you can do? The answer is YES, because running a home-based business provides you 3 BIG advantages: The tax-benefits, alone, will usually pay for all … Continue reading →
Do I Have To Pay Taxes? Perhaps the most common misconceptions about taxes and your online business is that the two are not related to each other. Most people think that online businesses are not really taxed. That’s why more … Continue reading →
How much did you pay in taxes last year? Are you sure? Take a look at the total amount of money withheld from your wages last year (that’s line 63 on your 1040 Tax Return), and Subtract your Refund amount, … Continue reading →
As you may possibly know when you turn into self employed your taxes become a lot more difficult to maintain up with. To conserve income in this economy you will want all the self employment tax deductions you can get. … Continue reading →
Depreciation is a federal revenue tax term that refers to a deduction that recovers the bills of particular property. Property that is depreciable includes both tangible and intangible property. With a view to be eligible for a depreciation deduction, it’s … Continue reading →
Have you been struggling to find a great job which earns you good pay? It is quite difficult to do these days. Not everyone can actually have the job of their dreams with a good salary to boot. That’s one … Continue reading →
The write-offs that you can claim when running a home based enterprise are comparable to these of other offices outdoors the home with a couple of exceptions. Running a business from your home makes it possible for you to deduct … Continue reading →
The tax-advantages alone can put thousands of cash dollars in your pocket making it one of the best financial moves you’ll ever make. This may be a decade of tremendous corporate profits and economic growth, but for the vast majority … Continue reading →
No matter how you prepare your taxes, using pencil and paper, using a software package or hiring a professional preparer, it is to your advantage to take every available deduction on your income taxes and every valid credit, so that … Continue reading →
Online tax calculators are very useful! Have you ever used an online calculator to figure out mortgage or car payments? If not, you’ll want to know about the many uses of online calculators including tax calculators. Many online tax calculators … Continue reading →
If you are a Sole Proprietor, there’s a particular advantage you have over firms that have incorporated. You can employ your own kids, so long as they’re under eighteen, and pay no federal payroll tax. And interestingly , they don’t … Continue reading →
Beware the Ides of March! All Julius Caesar had to worry about was assassination. As a home based business owner, you have to worry about the IRS and the dreaded April 15 deadline for filing your income tax return. Assuming … Continue reading →
Did you know that your travel expenses can save you as much as 50% in taxes or save you ZERO taxes? You may be surprised to hear this but there is actually a RIGHT way and a WRONG way to … Continue reading →
The IRS might OWE you MORE money! Did you know that Congress has told the IRS to give Huge Refunds and Deductions to taxpayers who have a home based business, OR anyone who operated one at any time since 1998? … Continue reading →
“Right on” is a popular slogan that describes something that is accurate and in most cases, very good. “Write-off” is a popular attraction for people that own their own business. For most traditional business owners, the only way they can … Continue reading →
If you are like most Americans, you’re probably overpaying your fair share of taxes. But, it doesn’t have to be that way. While millions of working American’s try to squeeze out a few extra dollars every week from their paychecks … Continue reading →
Which of the following options sounds better to you?… Work harder to make more money? or Earn more while you work less? If you are an employee, about your only option to make more money is to work harder, work … Continue reading →
RECEIVE CASH TO BUILD YOUR BUSINESS THROUGH TAX REDUCTIONS You may be able to increase your NET TAKE HOME PAY IMMEDIATELY and build your business income without tapping into your current budget! Once you start your home business you can … Continue reading →
A big advantage of working from home is the tax benefits of operating a home based business. Working from home allows you to deduct portions of bills that you are already paying to live there. You can deduct home expenses … Continue reading →
As you think about the challenges ahead for the economic recovery of of our nation, do you realize that, by far, the biggest of all “Economic Stimulus Benefits” in America, are available are specifically and only for home-business owners? It’s … Continue reading →
