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We've ALL heard there are many tax advantages to having a Home Based Business. A seminar conducted last spring listed over 50 ways one can DOCUMENT and DEDUCT BUSINESS EXPENSES from your U.S. Income Taxes, some of which you might not have considered! The home based business industry was looked at, and the statistics showed that MOST individuals never produce profit from their company. However, our company is one of the few where statistics show many, many people earn profits... and doing so on a consistent or month to month basis. Your MEMBERSHIP fees Your INITIAL PRODUCT ORDER. Yes, even thought you'd be purchasing these types of necessity products elsewhere if you were not part of this business, NOW that purchase can be tax deductions! Rent/Mortgage Electrical Bill Sewer/Water Bill Insurance (not deductible at all for those without a home business!) Cleaning Service (as long as they clean where you office is too!) Garbage service House/Office Repairs Landscaping (if people come to your house on business) Personal Training Expenses Advertising Expenses Newspaper ads Flyers / Business Cards / Trifolds Product Samples Company Literature Reproduction costs (photocopies, etc.) Labor Expenses paid to your children for Business related work Business Travel |
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