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

Written by Karin Workman

Do You Qualify For Home-Based Tax Deductions?

New changes inrepparttar tax laws have made it easier than ever to claim Home Office Deductions and keep more of what you earn.

If your home is a place of business, many of your personal expenses can be deducted as business expenses resulting in lower taxes.

You may be thinking, "I have an Accountant/CPA/Tax Preparer/Tax Software who knows all about tax deductions so I don't have to know anything about them."

There are several reasons why that thinking could be costing you thousands of tax dollars. Some of those reasons are:

ˇMost Accountants/CPA's/Tax Preparers do not "specialize" in Home-Based Businesses and do not keep up withrepparttar 117099 ever-changing laws pertaining to them.

ˇYou are ultimately responsible for knowing what you can and cannot deduct as business expenses. Why? YOU are accountable torepparttar 117100 IRS for your deductions, notrepparttar 117101 tax preparer.

ˇˇIf you pay someone to do your taxes you still need to know what you can deduct so that you can gather all relevant paperwork.

ˇˇThe most compelling reason: Gettingrepparttar 117102 greatest benefit from your deductions.

To qualify for these deductions you must meet 2 conditions, which most, if not all, Internet Marketers meet.

Condition 1: Do you work as an Internet marketer out of your home (on your "home computer)?

To qualify for deducting expenses related to using a workspace for business in your home, your home must be

Your "principal place of business " or you must userepparttar 117103 space only to earn your business income.

ˇUse it on a regular and ongoing basis to meet your clients, customers, or patients.


Condition 2: Are you in business to make a profit?

Whether you made a profit or not is immaterial. Even if you lost money but intended to make a profit these deductions are still available to you.

Planning To Get Rich With Your Internet Business?

Written by Michel Richer

Planning To Get Rich With Your Internet Business? The web is a great opportunities. Imagine millions of customer. Its a huge cybermarket ! It's a trillion millions dollars market waiting for you ! Let's face it everyone wants to succeed with their internet business ? I have been in business since 1995 ive spend thousand upon thousand of hours onrepparttar web searching forrepparttar 117098 ultimate web business. Not countingrepparttar 117099 thousand hours spent on reading and experimenting those offer. Let's talk face to face there is no easy way to succeed. Talk to people who succeed likerepparttar 117100 Walton of wal-mart or other like Donald Trump. They will tell you that it takes determination and a good ideas. You have to be a man of action to really succeed. Like i said there is no easy road. But of course you can succeed like me. You have to be persistant. You have to build your business brick by brick. One step at a time. You start atrepparttar 117101 base ofrepparttar 117102 ladder first. Everyone who as succeeded in life have start atrepparttar 117103 base. Thats a fact of life. Likerepparttar 117104 man you are today start as a baby. Is your business still in its infancy ? Your business is gonna grow day by day. It takes approximatively 5 years to grow a business. Like an infant you have to learn and experiment every day and be persistent. Don't do like me and buy every ebbook and books onrepparttar 117105 web from unknow author who sells you books for 97$ .Thats crazy. Buy real books in library or at amazon.com or at my site http://hombyz.com/books.htm.

Cont'd on page 2 ==>
ImproveHomeLife.com © 2005
Terms of Use