How to Fire your Boss

Written by Chi Lau

Continued from page 1
I want and Where I want. I just Love it! Come on Lets learnrepparttar Millionaire's Secret to a Successful Home Business! Lets Fire your Boss!

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Home-Based Business Owners Save Thousands on Their Income Tax!

Written by Karin Workman

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If you answered yes to both of these questions then you do own a Home-Based Business and as such you are qualified to deduct Business Assets, Direct and Indirect Expenses.

Business Assets include business equipment such as computer, fax machines, business furniture such as desk (your dining room table for instance), desk chair and filing cabinets. These are 100% deductible if they are used "exclusively" for business purposes.

If these assets are not used "exclusively' for businessrepparttar amount you can deduct is proportionally related to how much these things are used in your business. It is possible to deduct a portion of your living room, sofa, DVD player etc if you meet certain conditions.

Direct Expenses are those directly related to conducting your business. This would include office supplies, telephone service,, cellular phones, ISP service, hosting, advertising etc. Direct expenses are generally 100% deductible.

Indirect Expenses include such things as rent on your home, utilities including heating and air conditioning and general repairs such as replacing a roof or repaintingrepparttar 117099 exterior of your home.

These are authorized legal deductions passed into law specifically for Home-Based Businesses by congress.

If you use your home for business purposes, many of your personal expenses can legally be converted into deductible business expenses including utilities such as heat and electricity, cleaning materials, house insurance and property taxes.

Learn all you can about what you can deduct and you will consistently save thousands on your income tax each year.

"I'm proud to pay taxes inrepparttar 117100 United States;repparttar 117101 only thing is, I could be just as proud for halfrepparttar 117102 money." -Arthur Godfrey

2004 By Karin Workman, A 30-year veteran Home-Based Business Owner who specializes in Tax Preparation for Home-Based Businesses. Karin also wrote the Hot New Ecourse: "Reap the Rewards!" Designed to help you save tax dollars and put more money into YOUR pocket. The course is Free so do yourself a favor and subscribe today.

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