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 pay any income taxes on the moneys they get.
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.
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 take your tax deductions.
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?
"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 enjoy the write-offs is to spend a great deal of their earnings on rent, payroll, advertising, utilities, accounting services and several other expenses that fall in to a category known as "overhead."
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 just to make ends meet, many others of us have found a better way.
Which of the following options sounds better to you?…
Work harder to make more money?
Earn more while you work less?
If you are an employee, about your only option to make more money is to work harder, work more hours, or take on an additional part-time job.
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!
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.
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 seems that every day there is new economic news informing us that America is in trouble. In fact there are so many different bad things going on, from numerous directions, and in various sectors of our country (and around the world) that it seems overwhelming to fathom. And it is overwhelming!
If you are like most American families, you can IMMEDIATELY put hundreds of dollars of YOUR OWN MONEY back into your pocket EACH MONTH — this money is NEEDLESSLY deducted from your paycheck because you may not be taking advantage of LEGAL home based business tax minimization strategies!