The United States Congress has written many tax laws that are authorized by the IRS to give small business owners tax deductions.
And many of these deductions have been backed up in the US Tax Courts.
There are fundamentally two tax systems in the United States.
One system has a long list of Legal tax deductions available to small business owners.
The other tax system is basically for employees of business owners with a few limited deductions.
For example, typically a business owner has the opportunity to deduct printer cartridges and paper.
Well many employees have printers at home that they use but if they attempt to use printer cartridges or paper as a deduction, they could get red-flagged by the IRS.
Nobody wants this.
And that is the point of this article.
You don't have to cheat or break the law to have the opportunity to use tax deductions to lower your taxes as a small business owner.
Following is a list of typical deductions for a small business owner, like a home-business or internet business.
.
Gas, electric and water .
Advertising .
Bank Fees .
Depreciation .
Computers, printers and copiers .
Office Supplies .
Office furniture .
Phone bills .
Magazines and books .
Airfare, hotels and meals .
Taxes and licenses .
Lunches and dinners .
Sporting event tickets .
Health, life and dental insurance .
Company cars .
Gifts .
etc.
, etc.
, etc.
Following is a list of deductions for employees of business owners.
.
Mortgage interest .
Real Estate taxes .
Dependents .
Gifts to Charity .
Retirement Plan contributions If you had a choice, what tax system would you choose? Well you do have a choice and that choice is not a hard one to make.
You need three basic things to qualify are; 1.
Have an intent to make a profit in your small business 2.
Work your small business on a regular of consistent basis 3.
Keep good records running your small business That is it! And the best thing about a small business is YOU get to choose it.
There are many options from MLM to Franchises.
You Choose.
I can help you start the process for reducing your taxes.
You have to ask me to help.
I am in business for a better quality of life.
Someone helped me to get started.
Let me help you.
And many of these deductions have been backed up in the US Tax Courts.
There are fundamentally two tax systems in the United States.
One system has a long list of Legal tax deductions available to small business owners.
The other tax system is basically for employees of business owners with a few limited deductions.
For example, typically a business owner has the opportunity to deduct printer cartridges and paper.
Well many employees have printers at home that they use but if they attempt to use printer cartridges or paper as a deduction, they could get red-flagged by the IRS.
Nobody wants this.
And that is the point of this article.
You don't have to cheat or break the law to have the opportunity to use tax deductions to lower your taxes as a small business owner.
Following is a list of typical deductions for a small business owner, like a home-business or internet business.
.
Gas, electric and water .
Advertising .
Bank Fees .
Depreciation .
Computers, printers and copiers .
Office Supplies .
Office furniture .
Phone bills .
Magazines and books .
Airfare, hotels and meals .
Taxes and licenses .
Lunches and dinners .
Sporting event tickets .
Health, life and dental insurance .
Company cars .
Gifts .
etc.
, etc.
, etc.
Following is a list of deductions for employees of business owners.
.
Mortgage interest .
Real Estate taxes .
Dependents .
Gifts to Charity .
Retirement Plan contributions If you had a choice, what tax system would you choose? Well you do have a choice and that choice is not a hard one to make.
You need three basic things to qualify are; 1.
Have an intent to make a profit in your small business 2.
Work your small business on a regular of consistent basis 3.
Keep good records running your small business That is it! And the best thing about a small business is YOU get to choose it.
There are many options from MLM to Franchises.
You Choose.
I can help you start the process for reducing your taxes.
You have to ask me to help.
I am in business for a better quality of life.
Someone helped me to get started.
Let me help you.
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