Saturday, January 12, 2008

Get All Your Home Business Tax Deductions

In any home business you definitely have more tax advantages than if you were self-employed. The tax advantages become substantial when you consider how you can improve the profitability of your home business by declaring all of the deductions you are entitled to.

You may be missing some very important deductions. You must itemize your deductions for your home business operation on a separate schedule just as you would for your personal deductions. Knowing which deductions you are entitled to can save your home business hundreds of dollars a year.

Here is some background information on how your income tax amount is arrived at by the IRS.
The U.S. taxation code states that almost all income is subject to federal income tax. The way that you, as the owner of your home business, arrive at the final amount of income tax is as follows:
Gross Income - (All Expenses + Miscellaneous Deductions + Depreciation on Assets) = Taxable Income.

Taxable Income X (Your Tax Rate) = Income tax for the fiscal year.

Here is a quick definition of the terms in the above taxation equation:

Gross Income = The total of all income for the year after the cost of the inventory has been paid for.

Expenses = All costs of doing business during the fiscal tax year. Examples include payroll, materials, supplies and interest on business loans, etc. To find out if an expense qualifies as a legitimate business expense, consult your accountant or the IRS.

Depreciation = This is the way of spreading out the deductibility of an asset over a period of more than one year.

The IRS has certain different depreciation schedules for different business property. This is done for assets like real estate, equipment and other assets with a long economic life. This method of taxation write-off has certain advantages. Be sure to talk to your accountant regarding proper depreciation rules. These rules are subject to change by the Congress and the IRS.
Miscellaneous Deductions:

This is an often misunderstood and overlooked way to save a lot of money on taxes. Remember that these types of expenses must be totaled up and declared on a separate schedule of your income tax forms.

Always track your expenses and be sure to save at least one copy of every deduction. You will be asked for proof of every transaction that is declared as a deduction if you are audited by the IRS!
Here is a list of some of the things you can deduct from your income taxes:

Business related expenses include:

1. Air fares
2. Auto expenses
3. Books and Magazines
4. Educational Expenses
5. Home Office Space* + a portion of utilities, telephone, and maintenance costs
6. Office Furniture
7. Cleaning Expenses
8. Meals with Business Clients
9. Laundry Expenses (When Traveling)
10. Advertising
11. Impairment-related Expenses
12. Licenses and Regulatory Fees

* If you own your home you must use the IRS depreciation rules to determine this deduction. If you rent you may also deduct a portion of your rent.

Check IRS Publication 535 to find out if you can deduct any or all of the above.

As you can see there are many deductions that are allowable for your home business. The best way to get more information on tax deductions and related information on income taxes is to go online to There you will find a helpful search engine containing thousands of government publications that you can research and print out if you need to.

Now you have a good idea of the deductions you are entitled to take. So do your research, keep track of your expenses and take all of the deductions you can for maximum profit every year.

Friday, December 14, 2007

Why Have A Home Business and A Key To Success

There are many advantages to having a home based business. Some of those advantages are: you do not have to work according to anyone's schedule but your own, you do not have interruptions from co-workers, your office reflects your own personality, you do not have a long commute, and you have the opportunity to give yourself a raise whenever your business expands.

Some of the disadvantages are: you may find yourself lonely if you are used to having others to lighten the mood or share the day, you can feel isolated, others can expect you to be open to doing all sorts of errands with or for them since you are home all day, and you have no guaranteed paycheck since your profits are dictated by your business.

There is one thing that everyone working from home should know and appreciate, however. That is, when talking to anyone in the offline world, you must seem like you are a regular business the corporate person can relate to. In other words, you must appear to be on the same level as they are. You must not have doorbells ringing, music blasting, dogs or children interruptions, and must appear to be working in an environment that is conducive to order and discipline. If a potential customer overhears your wife in the background yelling at the kids or slamming a door or other distractions, you can be sure they will think that your business is not up to par and that you do not take your business seriously.

So, enjoy working at home, but, please make an effort when you place phone calls. Just this simple little command of your place and time will show respect to the person at the other end of the line and will gain you much more business.

You should always return phone calls when scheduled and you must always do a polite follow up to recap a conversation when you expect more action. A simple note that is written by hand will showcase your sincerity with a potential customer as that is not done much in the business world anymore. However, standing out from the crowd is exactly what you hope to accomplish and what will get you the customer and job for which you are competing.

Keep a daily log of what you what to accomplish each day. Make up a to do list each evening when the day coming is fresh and put the most important jobs at the top of the list. Crossing each one off will give you a sense of accomplishment and keep you on track to achieve a full day's work.

Working at home can be relaxing, fun and stressful all at the same time. Take the situation in hand by outlining your goals, making your time count each day, avoid distractions, and think of yourself as a big business until you become just what you desire.

Thursday, December 13, 2007

Manufacturer's Representatives Wanted

IT IS FREE BUT OPPORTUNITY IS LIMITED Online manufacturer's representatives

To Get Free Information on the Tremendous Opportunities Available as a Manufacture's Representative

  • No cost to you

  • No entry fee

  • No background checks required

  • No cold calling

  • No telemarketing

  • Become an on-line business person by working less than 3-4 hours a day (potential to make millions)

  • Have the ability to support your family and lifestyle from this opportunity.

We are the next generation of ecommerce companies. We seek individuals who know of manufacturer's distributors and outlets of products, who need additional exposure to sell their products and services. You have been selected as among the first to benefit working with us.


You obviously know of a company, an individual or a business that needs help selling their products or services or you would not have been contacted.

You contact your known manufacturer of distributor with an aim to them becoming a vendor in our system. When they qualify and are signed up, we advertise them, sell their products online, take their orders, process their orders and provide the shipping information directly to them for their orders to be business to consumer direct shipped. We collect the payment on our secured and SEC approved system and pay them the cost when the credit card payment has been processed. When they have shipped from the tracking document that is sent directly to them electronically,you will receive 4% as a commission for that sale. You will receive this on every sale made by that company forever, while they remain with us, since that company, and all its products and sales of its products made through our PGS (product group specific sites) will be assigned to you and all commissions paid to you. You will receive access to your own virtual private space, you can review sales made from the companies you sign up, and check commissions paid and commissions due, traffic, inquiries and reports. You are not limited to one vendor; multiple vendors can mean multiple sites and multiple sales opportunities (some products get over 12,000 hits a day with as much as a 23% purchase ratio). Our training program will teach you




  • THERE ARE NO CATCHES, HIDDEN CLAUSES, NEED FOR A CREDIT CARD OR ANY PERSONAL INFORMATION (other than where you want us to send you your money!!!!!!)

All training is on-line, at your speed and at your leisure. YOU WILL NEVER BE ASKED TO PAY A CENT. We simply want you to understand, that the more diligent you are the more you will sign up and the more money you will make.


A vendor who hand makes cheeses in Vermont had a marketing problem and could not distribute or find outlets for their products beyond Manchester, New Hampshire. The dairy became self limiting, but had much more additional capacity than was being used. Using a local entrepreneur who introduced them to us under our system the dairy was able to not only maintain all local outlets and expand into them, maintaining its traditional sales system, but using the services of a friend who signed them up, increased sales by an additional $280,000 year to date via the PGS site. The friend received a commission of $8,320 simply for helping and monitoring and undertaking a small amount of emailing amongst friends to generate additional sales. Total time involved, less than 2 hours. This Associate now has 7 other vendors on our sites including honey, quilts, homemade candy as well as a high ticket value hand blown glass trophy manufacturer with annual total sales in excess of $1,500,000 with commissions paid bi-weekly which this year will top $60,000. The associate is handicapped and prior to joining our network had little hope of earning this kind of income nor supporting himself.


We never ask for our vendors to drop existing outlets, change their web sites or modify their marketing and sales approach. There is no need;
WE ARE THE EXPERTS in ecommerce and this latest way of INCREASING OPPORTUNITIES FOR THE SMALL AMERICAN BUSINESSMAN, in the face of global competition. We use the securest fraud free payment system, we are fully audited by a top CPA firm and we maintain the highest standards. NOT ALL VENDORS PASS OUR TEST, but all are checked out for product quality, an ability to meet demand and a desire to grow. We improve their cash flow and their presence in the market, BUT NEED YOUR HELP TO GET THEM THERE.

If you wish to become an ecommerce manufacturer's representative (and why wouldn’t you, it’s free?) or are a business owner and wish to become a vendor / supplier, go the link below to learn more.



Act now while this opportunity lasts. IT’S FREE, IT’S REAL, IT’S IMPORTANT FOR AMERICAN BUSINESS

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