What About Home Business Tax Deductions by robertdorsey


http://workwithrobertdorsey.com/what-about-home-business-tax-deductions Home business tax deductions are critical part of network marketing. Are you getting all the benefit that big business enjoys?

More Info
									March 4th, 2013                                                                                                 Published by: robertdorsey

robertdorsey's eBook
                                                                     calendars that allow entry for receipts from past dates that
  This eBook was created using the Zinepal Online eBook              have somehow mysteriously appeared after months of being
  Creator. Use Zinepal to create your own eBooks in PDF,             missing.
  ePub and Kindle/Mobipocket formats.                                The one thing we enjoy in this industry is to be able to write off
                                                                     those home business tax deductions that are business related
  Upgrade to a Zinepal Pro Account to unlock more                    to your business. But these receipts need to be legitimate
  features and hide this message.                                    business expenses. The one thing you do not want to do is to get
                                                                     into trouble with the tax man. Everyone tries to resist paying
                                                                     taxes, but in business, it is a necessary evil that will bite you in
What About Home Business                                             the end if not dealt with properly. Just saying!

Tax Deductions                                                       Tax Write Offs – Fining Those Lost
Home Business Tax Deductions                                         Receipts
                                                                              What About Home Business Tax Deductions
It’s that time of year again and the tax man come calling. Home      So here’s the thing! Where are all those receipts that have
business tax deductions are critical part of network marketing.      mysteriously disappeared, yet you know they are there
When a person is new to the home based business arena, it is         somewhere? You put them away for safekeeping, to be found
easy to overlook some of the benefits that we enjoy as tax write-    at a later date when you had more time to enter them into your
offs in the way of expenses for your business.                       computer. (Speaking from experience).
         What About Home Business Tax Deductions                     You’ve checked in all the familiar places and found some
                                                                     scrunched up papers that looked like they have been run over
If you have just started you network marketing business within
                                                                     by a semi, half faded and hard to read, but with a little more
the last year, it is good to get a good accounting program to
                                                                     light, you are able to make out just enough of the print to find
track all your expenses and revenue with. The one thing as
                                                                     the date and amount.
marketer’s we need to do, is to keep accurate records and keep
them up to date. Keeping your records up to date will save a         Remember that warmer coat you wore during the winter?
lot of wasted time when it comes to finding all those put aside      Check the pockets, maybe there are some papers in the pockets
receipts for the year.                                               that are still there now that it has been getting warmer out and
                                                                     you haven’t wore that coat for a couple of months.
“Home Business Tax Deductions”                                       And then there is the glove compartment in the car where
                                                                     papers seem to be jammed in for safe keeping. Especially when
Keeping your records up to                                           your spouse finds gas receipts on the dashboard and decides
date                                                                 it is time to house clean the car, so things get put away on the
                                                                     spur of the moment, only to turn up a year later when they are
There are many accounting programs and software available            outdated.
for you to keep track of your business records. Some are
extremely easy to learn to use, while I have found that others
are not so user friendly and even an accountant will have some
                                                                     Treat Your Home Business as a
trouble figuring out them out.                                       Business
Accounting programs from a simple bank account check book            Your home based network marketing business is just that, a
software program to corporate style accounting with payroll          business, and needs to be treated as such. Your business has
and tax tables can be found, depending on the status of your         expenses just like any small business or corporate business,
own network marketing business.                                      and it is allowed write-offs in a similar matter.
                                                                     If you are unsure of all the legalities of home business tax
Home    Based                      Business               Tax        deductions, it is best to check with an accountant which is
Deductions                                                           familiar with the home based business industry and have your
                                                                     taxes done professionally. This can save you paying taxes you
I like user                friendly         Accounting               may be able to avoid paying if you are doing your own income
Software                                                             tax and are unfamiliar with business tax laws.
I like to use Quickbooks Pro. It offers easy to use drop down        If you have not yet started a home based business and you
lists for every category and field that you will need, and is        would like to get involved with making money online, a good
very easy to understand. But the best part is the drop down          place to start is with an affiliate based training system like My

Created using Zinepal. Go online to create your own eBooks in PDF, ePub, Kindle and Mobipocket formats.                                 1
March 4th, 2013                                                                                           Published by: robertdorsey

Lead System Pro. Here you will have training on how to market
your business as well as get paid through the system to cover
your expenses while learning the strategies of marketing.
Remember, any home based business is just that, a business,
and needs to be treated as such. Enjoying home business
tax deductions allows you as an entrepreneur the same
opportunity to keep all the money possible, just like big

Created using Zinepal. Go online to create your own eBooks in PDF, ePub, Kindle and Mobipocket formats.                           2

To top