Having a home based business brings with it tax advantages that employees don't receive. Unfortunately most small business owners are unaware of all the tax saving opportunities their businesses give them.
Resist the urge to shove your completed tax return into a drawer. It could help you save money next spring.
Taxpayers and tax professionals are focused on the deadline for federal income tax returns and payments.
Indeed, the IRS received 147.1 million individual income tax returns, the most recent data available. It issued more than 96 million tax refunds, delivering an average check of $2,762.
Presented by a Canadian expert, the strategies apply worldwide, but always consult your own accountant.
In this course, you will discover:
Deductible Home Office Expenses
Deductible Business Expenses
Deductible Travel Expenses
Deductible Vehicle Expenses
And much more...
Among the lessons taught in the course are lectures explaining why you can’t use "Business-use-of-home" expenses to produce a financial loss. In other words, your "Business-use-of-home" expenses can’t be greater than your company's income. (However, you can use any expense you aren’t able to deduct the next tax year, as long as you still meet the "Business-use-of-home" expenses requirements.)
Get out your pen and paper, you are about to learn how your business can save you a small fortune in taxes. Join today!