What if I told you that there was a way for you to save money on your utilities, mortgage, rent, real estate taxes, homeowners insurance, home repairs, internet expenses, cell phone expenses, your travel, dining out and so much more. What if I further told you that not only could you reduce these costs, but there is also the potential to earn money by reducing these expenses. Well it is true. By having a home based business, you will increase your after tax income, increase your take home income and keep more of your hard earned dollars in your pocket. A home based business could double any refunds you're entitled to and if you normally owe, having a home based business can definitely reduce what you will owe and may even land you a refund. Business ownership is one of the biggest tax strategies used by the wealthy to minimize their tax burdens. Why not use this tax strategy to work for you. Qualifying is easy. You can work your business 3 to 4 hours a week, prove that you have an intent to make a profit (even if you don't actually make a profit) and keep good business records.One of the great benefits of a home based business is that you don't have to create new expenses to get business deductions. You have to pay your monthly rent or mortgage anyway - - why not write off a % of what you're already paying. The same goes for many of your other ordinary expenses.By becoming better educated about taxes, home based business owners will legally reduce their burden of income tax and keep more of their hard earned money. Not enough of us realize its not what you make, its what you KEEP that counts. if you're an employee, have you ever taken a look at how much federal income taxes are withheld from your paychecks? Or better yet, looking at that final figure in Box 2 of your W-2? How much of that money would you like to take back? Starting a home-based business provides tax advantages that a second job will not. Many people when faced with growing debt and income shortage are trying to deal with this by getting a second job, only to pay more taxes and lose more time for themselves or with their family.Have you heard that there are two sets of Tax Laws in the U.S.? It's true. One for the informed and the other is for the uninformed. One is for employees. The other is for corporations, small businesses and home-based business owners who conduct their business either part or full-time. The tax system for employees is simple - - individuals who work and earn a paycheck 1) earns 2) taxes are withheld from their paycheck and 3) they live on what is left. You get to spend your money on what's left after the taxes have been subtracted. Compared to a home-based business owner who 1) earns 2) spends and deducts their expenses legally as business expenses and 3) taxed on any money leftover. Everybody has access to the same info. Some will read this and do nothing. Others can contact me about a home-based business they can start today and take control of their finances.
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