Tax Benefits! There's more than you thought!
Attention all home based business owners:
Sandy Botkin, CPA, Tax Attorney is a 30 year veteran in helping small and home based businesses lower their taxes and save BIG money. He is a guest speaker at seminars for Donald Trump and Tony Robbins on the subject. So,we know, this man, knows what he's talking about!
Sandy tells us, that every year in North America small business owners are literally missing out on millions of dollars of tax benefits because of what they do not know!
There are a few things you need to know about the benefits of having a home based business:
In the U.S and Canada there are different tax systems for employees and business owners. Sandy says that getting a second job is actually one of the worst ways to make additional income as there are $1,000's of tax benefits that home based business owners get that employees do not (lucky us!)
As a home based business owner (part time or full time) here are just some of the tax deductions you can get:
- house depreciation (home office and any other space where you have business meetings)
- car depreciation and expenses
- entertainment
- travel
- health insurance
- home insurance
- home gym if you require your 'employees (AKA you!)' to use it!
You can actually save money without 'making money' from the company, because of all the tax benefits, as it shelters your other income.
If you have a loss in your business it can be:
Carried back all business losses 2 years in the US.
Carried back all business losses 3 years in Canada!!
And you can carry forward business losses up to 20 years in the United Sates and Canada.
There are more tax benefits that Sandy talks about on his site. Make sure you check it out as this is valuable information for you and potential prospects!
For more information and to hear what Sandy has to say himself, take a look at his quick video on his website 'Pocket Book Professors'.
http://www.pocketbookprofessor.com/homebasedbiz
And while you are there, check out the amazing cool iPhone app they have to help you keep track!
http://www.pocketbookprofessor.com/how-we-help/tax-tracking-tools
Happy Saving!
Jennifer
P.S. - this is not an affiliate link, just good solid information! Enjoy!!
About the Author: Jennifer Trask
Member Since: 10/02/2009
I'm a Distributor For:: Talk Fusion Global
Industry: MLM
Primary Web Site: http://www.jennifer-trask.com

