Are you tired of spending your last dollar trying to support your family? No matter how hard you try, you just don’t have enough money. Are you overworked but underpaid or don’t have a job? Than the information contained In this article if applied can enlighten one to see that there is another way, and Uncle Sam wants to help!What about the Actual cost of Running Your Business?The bottom line answer is that they’re normally 100% tax deductible! The cost of starting-up your home business, promotional materials, product samples, meeting attendance, internet access fees, special phone services, fax lines, lead lists, web site fees, 800-numbers, printing cost, brief cases, business cards, home office furnishings – ALL can be 100% deductible if they are used 100% for business. The rule of thumb is this: any expense you incur because of your business, that you would not have incurred if you didn’t have a business, is probably deductible.The Key to your BIGGEST deduction may be in your Ignition!Many people in home based-businesses can honestly and legitimately deduct $3,000 to $5,000 or more per year, for using their personal vehicles for business purposes.Keeping a 90 day Log once a year, showing the date, Destination, Primary Purpose and miles traveled for each use, are the only records most people need to keep.Note that only the primary purpose of each trip needs to be recorded, so if you combine a personal errand with a necessary business errand, the vehicle use is still tax deductible, as long as the personal errand did not add any additional mileage.Tax laws even give you a choice of methods of computing the value of your deductions. Figure the deduction both ways, and use the one that benefits you the most.Even Family Trips may be Deductible, if you plan them Correctly.If you know the rules, you can combine business with pleasure (mostly pleasure), and can usually deduct 100% of your travel cost, 100% of your hotel, 100% of your ground transportation, 100% of tips and gratuities, and 50% off your meals-all as Business Expense. Even if most of your time is spent “playing” and sight seeing with your family!ALL Health Costs for Your Entire Family can be Tax deductibleBut ONLY if you own a BUSINESS. Most other taxpayers can deduct only health care cost that exceed 10% of their taxable income. Except YOU! Owning a Home based Business gives you an IRS approved option for writing off ALL non reimbursed health costs. And, it applies to all members of your immediate family in addition to you.Coverage can include insurance premiums, annual deductibles, co-pays, non covered expenses like orthodontics, natural or holistic remedies, and even some over the counter drugs.We’re Talking about Major Tax Savings with a Home Based BusinessWhen the average entrepreneur understands what tax breaks are available to home based business owners, how easy it is to qualify, and how simple record keeping requirements are, the new deductions will usually slash their taxes dramatically, sometimes up to 30 to 40 percent or more!That means thousands of dollars in tax savings, which produces thousands of dollars in new, additional tax refunds, year after year, for as long as you are actively running your business and making (or trying to make) a profit.Fair Warning:The Cost of Procrastination is HUGE!Every morning just before you leave home for work-from now until the day you start your home based business-open your kitchen window, throw a $20 bill out of the window, and watch it blow away in the breeze. Do that every morning until the day you begin your own home based business.Every single day that you do not have a home based business, you are throwing away about $20 in overpaid taxes! Taxes are bleeding you to death. But you can control the bleeding NOW, by starting a Home Based Business this YEAR… RIGHT NOW!
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