Tax Deduction Strategies For A Home Based Business

By Desiree Richardson

Congress has approved a number of tax breaks as incentives for small businesses. Owning a home-based business is the best way to take advantage of these tax breaks.

As a small business owner you have more tax breaks available to you than anyone else. Unfortunately, these tax breaks go unused because most small business owners don't know about them.  Any home-based business, even part-time, that is not a hobby, and is in pursuit of a profit, can qualify for huge tax breaks - it's US Government law.  You have a total of 3 years to turn a profit on your business before it will be considered a hobby and not longer eligible for a business tax deduction.

By owning a home-based business and taking advantage of the tax breaks available to you, you can keep more of your income, even if your business isn't producing a profit! 

I am the sole proprietor of Rich and Rich Home Opportunities and also have an EIN (Tax ID #) for that business.  I filed a business deduction for the business in 2009 even though I made about $600 total.  Rich and Rich Home Opportunities is a company that focuses on bring quality home based business to the those seeking a home based business.  I always pay for my advertising with my credit card or through paypal which is attached to my bank account, and makes it easy to create the receipts that need to be provided when you apply for your business tax deduction.

These are the tax deductions that I took in 2009 with all receipts!

If you have signage for you business on your car, this is considered advertising and the cost of gas and maintenance can be deducted.  Keep the reciept when you purchase your signage and take pictures of your car and keep in your records.

Claim a home office deduction for your offices at home which I am sure has a fax,scanner,computer, record keeping, and educational materials that help you to run your business.

Your capital costs of a computer, it's software and even Internet access can be deductible when used is a home based business .

I payed via paypal for advertising on networks such as DirectSalesMoms, Traffic Exchanges, ineedhits, autoresponders, and offline print materials.  My advertising was the bulk of my deductions.

I also deducted business start up costs because I would have to be a part of a business in order to promote it as a Rich and Rich Home Opportunities business.  My company is classified as a b2b.

You don't need a company to tax a business deduction.  If you are a network marketer or direct sales  associate, then you are eligible for a business deduction.  There is cap on the deductions based on the type of deductions.  For example,  I received $9,000 but that was my cap.

The key to all of the tax incentives and more is to treat your business as a business, not as a hobby. The intent of your business is to make a profit. This does not mean that you have to make a profit, but a reasonable effort has to be made. Work your business. Profit it what we all want! Keep good records of your business activities with a good log book and you will have no trouble with the intent.  Working in a home based network marketing company has endless advantages with unlimited income, more free time to do the things that you want and helping other people.

Desiree Richardson

Article Marketing: an Easy Way to Promote Yourself

There are myriad ways to promote your website (and yourself) on the Internet. You can easily do this

witharticle marketing. You run a website; obviously, you have knowledge that you can share with

others. There's no better way to do this than with article marketing!

Many people search online articles for information on so many subjects, running the gamut from howto

cure a colicky baby to how to plan for retirement. We all have expertise in certain areas; you can share

your experience or passions with others through the Internet.

Numerous articles can be written on your subject. You can begin with a general overview, telling what

you know about your subject and your experience with the material you are offering. This will show

your readers how knowledgeable you are. Then, add more articles, going more in-depth with your

subject matter. Let people know that you have something interesting to share. This will make them

want to go to your website and buy what you are selling.

There are numerous free sites to submit articles for online publication for free. This means you have

an easy no-cost way to promote your site and your product, and it costs nothing! Google article

marketing, and you'll find LOTS of sites to register for free and enter in your articles! The more times

you submit articles, the faster you'll become an expert author.

It's natural to be a little fearful of attempting to write, especially if you\'ve been out of school for a

while. Relax and write what comes naturally to you; pretend that you\'re telling your best friend about

your subject in person. Use the word program on your computer so you can edit your article. When

you're finished, read it out loud to yourself to check for mistakes and to make sure that it flows like you

want.

One caveat: don't give away too much information. You want people to go to your site and buy what

you're selling and to need your expertise. Save the best information for your site. Lead your readers to

your site by making them want more of what you have to offer.

Submit as many articles as you want, to as many sites as you want! It takes little time and won't cost

you a cent to give article marketing a try! One way to get a good flow is to write a number of articles

and submit them as a series.

People want to learn from your experience! Now you know an easy, effective way to do this for free.

Log on to the sites! Begin writing and you'll be surprised to see how much activity article marketing

can generate for you!

Send out as many articles as you can and see the responses you will generate from marketing your

article. All it takes is several articles to generate lots of people to your site.  Once you generate your

responses then your marketing is on it's way to generating lot's of income.

If you don't feel like doing it yourself, let us help.  We have an excellent article marketing service that

handles all of those tedious tasks.  You can real more about it here:

http://www.BusinessHQR.com/prd/1021/

Discover Copywriting Software That Improves Profitability Using Statistical Analysis To

MathematicallyStudy Profitable Ads... 100% Guaranteed!

http://www.CopyOracle.com

520 C North Main Street #211, Heber City, UT 84032