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“Hmm, but how will that help my taxes?” She cautiously questioned.
“Okay, if you become a broker, then all supplies you use, such as printer ink cartridges, paper, brochures, your phone line, equipment, and your mileage traveled pertaining to business become write-offs.” I gave her following example.
“My biggest deduction each year is business miles. This is a great deduction available to those of us who are self-employed, and maintain a mileage log. Let say, you travel from your home to a potential client’s office or home. The distance between homes is 20 miles round trip. As of 2004, you can write off mileage at rate of 37.5 cents a mile. That’s correct, 37.5 cents a mile. That little trip, allows you a tax deduction of $7.50 and icing on cake; you get client.” If my sister started a home based business, then money spent while she was learning ropes is a tax write-off. She could learn a new job, with free training, and actually start making a monthly income, that could build into a source of retirement income, while she worked at home.
That is how I started self-employment. I can legally deduct my $35.00 monthly broker fees, and other business expenses. My family receives dental and vision benefits, office supply discounts, Dell computer discounts, grocery coupon booklets, Lifeguard Nurse Line, and use of legal and financial library, with more than 5,000 accounting forms and agreements. If you are tired of writing tax checks to government, see http://www.deliveringonthepromise.com/tmerrell and start building your residual income. Want to talk first; call me toll free at 888-858-3778. My motto: Thrive in 2005.
Tim Merrell, dubbed The Dental Guy brings his years of expertise in the employee benefits' industry. Working with such clients as Las Vegas Hotels, municipalities and government groups, Tim gained extensive experience in the ability to handle any size employee group; large, medium or small. He can be reached toll free at 888-858-3778 or (435) 628-1595, or email firstname.lastname@example.org