Tax Advantages of a Home Business
Why is it a good idea to start a home business? Taxes. There are a lot of tax deductions that help lower your tax bracket. Working from home is a great way to make money, save money and keep your money.
1. If you have to order every month in order to receive your check then the products are deductible.
2. Start up costs, like memberships are deductible.
3. Utility costs are deductible. Keep in mind only a percentage is deductible. (ex. electricity, phone and cell phone, internet service, water, sewer and garbage, rent/mortgage and house repair. Only deduct how much you use for business purposes.
4. Office supplies. (ex. Pens and paper, computer, printer, adding machine, enrolling forms, chairs, desk and etc)
5. Advertising for your business. (ex.logo products/company literature, seminars/Trainings (CD
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