If you have children under 18, hire them to work in your business. You must issue them a W-2 and all money you pay them is a business deduction for you. Your child must pay taxes on money they earn but there is no tax on first $4,300 of income earned from working. Your child can even deposit up to $2,000 into an IRA account for even bigger savings. There's also no Social Security tax to pay when you hire your child under 18. Please remember that your child must do real work and you must keep good records. I know people who send their children to private schools on tax-free income. They pay their child to work in their business and child uses that income to pay tuition.

Are you starting to see some of possibilities here?

Any purchases you make in association with your business are deductible. If your business is enjoyable and related to your interests, you might have made some of these purchases anyway and now they are deductible.

If you are going to have a business for tax reasons, your intent should be to make a profit at some point. The IRS knows that there are significant costs in starting a business and that it might not be profitable for a few years. A general rule is to show a profit within two to four years. The longer you go without making a profit, more likely IRS might consider your business a hobby and disallow deductions you are claiming unless you can show a business plan with a definite plan to be profitable and show changes when needed to increase your chances for profitability.

So once again, consider a side-business. It could save you hundreds of tax dollars every year.

Doris Dobkins, Money Saving Expert Author of "Financial Freedom A-Z Home Study Course" and publisher of the free weekly ezine $mart Money New$ To subscribe, send an email by clicking on this link --> mailto:join-smart_money_news@nova.sparklist.com or sign up at her web site: http://www.creativefinances.com

Lenders who win bid tend to value their potential customer more and are more often willing to offer you a much better product with greater incentives and lower rates than their competitor. You have more options in choosing loan that's best for you.

Online Loan Shopping Tips:

1. Don't accept first or second loan offer.

2. Let lenders know if someone gave you a better offer and let them WIN YOU OVER.

3. Next, check rate trends and calculate loan rates and payments according to lowest rates offered. This can be easily done online at top lending marketplaces online. Mortgage Loan Search at www.MortgageLoanSearch.net reviews lending marketplaces offering tools, tips and guides to make loan shopping process possible. Firmly hold to lowest rates within your reach.

4. Don't give impression that you absolutely must have this loan now. Your greatest bargaining position is not desperately needing product being offered.

5. Ask about fees up front. Use amortization calculator to figure in fees, insurance and tax payments.

FINDING A GOOD LENDER

It is always prudent to seek recommendations from credible sources regarding lenders who make you an offer online. Seek individuals who have experienced loan process and closing with lender, broker and loan officers in question. Among questions you could ask are:

1. Did loan process go smoothly?

2. Were all your questions answered?

3. Was process explained to you?

4. Were all fees discussed candidly?

5. Were there any undisclosed fees charged at closing?

6. Was every effort put forth to give you a deal to your satisfaction?

7. Were you pressured to sign anything against your better judgment?

8. Were all papers signed before funds were issued?

9. Was settlement package complete?

10. Was there ample time to review all documents before signing?

11. Did you receive funds in a timely manner?

12. Were certificates of satisfaction and deeds of trust properly registered at courthouse and filed? Were you given originals upon satisfaction of payment? If you get a positive response regarding above and you are satisfied with rates and fees offered you’re likely to come out winner.