Why have a home based business? The real truth about having a home based business lies in the fact of additional income, time freedom and the many tax benefits. Having a home based business has many advantages and with the current economical situation there are more and more people looking into the advantages. Not to mention the additional income stream and powerful tax advantages.
The home based business gives you extra money directly. Indirectly it will give you extra tax benefits. Once you got the confidence that the par- time business is good, you can leave the regular job. The only need is we need to come out from the time frame that I will work only for a certain time. You need to use your extra time more productively to get the success.
You need to have a vision to get the success. Many times your hobbies and activities can help you in starting the new business. If that talent is used properly, you can make money.
Tax Savings You Can Count On
IRS PUTS ON PRESSURE FOR EVERYONE TO E-FILE. Starting Jan. 1, 2011, any tax preparer who files 100 or more tax returns must file their client' returns electronically. As of 2012, the minimum number to require e-filing drops to only 11!
What’s the problem with that?
There are a lot of advantages to the IRS if you e-file, but, according to Ron Mueller, MBA, Ph.D. - author of "Home Business Tax Savings, Made Easy!" and myself, I have not found even one worthwhile advantage to YOU. In fact it is far better to file an paper return!!! Get free Special Report, “Why You May NOT Want to E-File,” in the ‘Resource Center’ at
www.HomeBusiniessTaxsavings.com
But YOU Still are in Control – SO FAR!
You haven’t lost ALL of your rights – yet! If the taxpayer/client (that’s you and me) specifically requests to file a paper return, your tax pro is allowed to prepare it in paper format, BUT there are three minor hurdles…
1. Your tax pro must fill out a Form 8948,
“Preparer Explanation for Not Filing
Electronically,” and attach it to your tax
return. (No big deal.)
2. You must actually take your own tax
return to the Post Office or overnight
delivery service. Your tax pro is not
allowed to mail it for you. (Still no big deal.)
3. You’ll be required to sign a statement that
confirms this is your wish. It won’t be sent
with your return, but kept by your tax pro.
(You may be familiar with the term “CYA.”)
Another "no big deal."
Just speed-bumps, not hurdles, yet they are there only so the IRS can make it inconvenient to not e-file.
Big Brother continues to tighten his grip, so grab onto and take advantage of those home-business tax advantages. It is one of the few rights we have to control the amount of taxes you pay.
More “Tax Tips You Can Bank On” will be streaming in as the lame-duck session of Congress make decisions that will impact your financial health – big time!
Go out and make it a great day and to your success!
Lloyd Dobson
P.S.
Lloyd Dobson is an expert trainer on how to utilize proper online marketing techniques and strategies that can help you with ANY online business. Learn exactly how to generate more leads without cold calling, buying expensive leads or chasing your friends by clicking this link: MY FREE MARKETING SYSTEM SECRETS at http://LloydDobson.com
Showing posts with label "Advantages of a home-based business". Show all posts
Showing posts with label "Advantages of a home-based business". Show all posts
Friday, December 3, 2010
Thursday, October 28, 2010
With "NetDivvy" You Can Have $1.00 a Gallon Gas - Another "NetDivvy" Benefit
The FREE NetDivvy Marketing and Training System is the best of two worlds. NetDivvy works in conjunction with your primary business providing you all the tools necessary to drive traffic to you and your business. It also provides an additional income source to fuel your primary business. Providing value to your customers and affiliates is critical for your success.
Below is just one way you can provide some value. If you are having a problem getting people to understand the value of having an Online Home-Based Business with you. Take a serious look at this! This is where the INFORMED & The UNINFORMED TAX PAYER comes into play. Why in the world someone doesn't see the benefits to them with your Home-Based Business opportunity is beyond my comprehension. If they still don't get it .... call the paramedics. They have to be brain dead!
Right now, more than ever, the price is at the forefront of everyone's mind. Right now this is what everyone is talking about and what is coming up in more conversations than anything else.
BUT, did you know that as a "NetDivvy" Home-Based Business Owner your gas 'should' be only costing you $1 per gallon?
Now before you start thinking that "Coach" is amazing, and what oil company did he cut a deal with? - let me say that no matter what home-based business you're in, you can make these gas prices work for you and EXPLODE your business like never before, because setting all gimmicks aside, this is real, your gas has to cost you $1 per gallon!
Here is how it works:
1.) The IRS provides a .50 cent tax write off for every mile you drive that is legitimately related to business. Document Your Mileage.
2.) People who do not own a business CANNOT qualify for this tax write off.
3.) Everywhere you go, whether it's work, church, the kid's soccer game, or just going to the store can be legitimate mileage tax write off IF you insert business into the equation.
This is EASY to do! It can be done by handing your home-based business card or do a presentation with everyone you meet through the course of the day. Plus it just makes good sense to promote your business always. The "NetDivvy" System teaches you many ways to market and drive traffic to you.
NOTE: You must record your business mileage in case you ever get audited and this is where typically it becomes a sticking point with most people as they do not want to take the time, can't take the time or forget to take the time. If that's you ...... here's what you need to do immediately.
Go to wwwXpenser.com (this is a FREE service) and sign up. Now you can simply call a phone number before, during or even after you've driven somewhere (that was business related) and leave a voice message such as ... "Soccer game handed out 3 business cards and 14 miles" and hang up. This FREE service will convert your message to text and log it in an online mileage for you.
4.) So here's the $1 per gallon formula (working with round numbers):
* $4.00 Per Gallon
* 20 Miles Per Gallon
* .50 Cents Per Mile IRS Tax Deduction
* 30% Tax Bracket
Those of you with math brains can do the calculations; but, the basics are at:
* 20 miles per gallon vehicle at $4.00 per gallon.
* Cost .20 cents per mile to drive,
* .50 cents per mile IRS deduction
* Times 30% tax bracket is .15 cents in REAL money you pocket at the end of the year on your taxes.
* And when you deduct .15 cents from .20 cents. you are at .05 cents per mile or $1 DOLLAR PER GALLON!
THESE ARE REAL DOLLARS/SAVINGS AND REAL CASH IN YOUR POCKET AT THE END
OF THE YEAR!
You might be saying "WOW", this sounds great - I see it and I'm excited that my home-based business is going to help me save $3 per gallon on my fuel cost and I'm going to conduct business wherever I go and log miles.
This one reason alone, among many others, is why I am happily involved in my own "NetDivvy" Online Home-Based Business and spreading the word to help others have more spendable income and time freedom!
To your success,
Lloyd Dobson
P.S.
Lloyd Dobson is an expert trainer on how to utilize proper online marketing techniques and strategies that can help with ANY online business.. Learn exactly how to generate more leads without cold calling, buying expensive leads or chasing your friends by clicking this link: FREE Training & Marketing Secrets.
Below is just one way you can provide some value. If you are having a problem getting people to understand the value of having an Online Home-Based Business with you. Take a serious look at this! This is where the INFORMED & The UNINFORMED TAX PAYER comes into play. Why in the world someone doesn't see the benefits to them with your Home-Based Business opportunity is beyond my comprehension. If they still don't get it .... call the paramedics. They have to be brain dead!
Right now, more than ever, the price is at the forefront of everyone's mind. Right now this is what everyone is talking about and what is coming up in more conversations than anything else.
BUT, did you know that as a "NetDivvy" Home-Based Business Owner your gas 'should' be only costing you $1 per gallon?
Now before you start thinking that "Coach" is amazing, and what oil company did he cut a deal with? - let me say that no matter what home-based business you're in, you can make these gas prices work for you and EXPLODE your business like never before, because setting all gimmicks aside, this is real, your gas has to cost you $1 per gallon!
Here is how it works:
1.) The IRS provides a .50 cent tax write off for every mile you drive that is legitimately related to business. Document Your Mileage.
2.) People who do not own a business CANNOT qualify for this tax write off.
3.) Everywhere you go, whether it's work, church, the kid's soccer game, or just going to the store can be legitimate mileage tax write off IF you insert business into the equation.
This is EASY to do! It can be done by handing your home-based business card or do a presentation with everyone you meet through the course of the day. Plus it just makes good sense to promote your business always. The "NetDivvy" System teaches you many ways to market and drive traffic to you.
NOTE: You must record your business mileage in case you ever get audited and this is where typically it becomes a sticking point with most people as they do not want to take the time, can't take the time or forget to take the time. If that's you ...... here's what you need to do immediately.
Go to wwwXpenser.com (this is a FREE service) and sign up. Now you can simply call a phone number before, during or even after you've driven somewhere (that was business related) and leave a voice message such as ... "Soccer game handed out 3 business cards and 14 miles" and hang up. This FREE service will convert your message to text and log it in an online mileage for you.
4.) So here's the $1 per gallon formula (working with round numbers):
* $4.00 Per Gallon
* 20 Miles Per Gallon
* .50 Cents Per Mile IRS Tax Deduction
* 30% Tax Bracket
Those of you with math brains can do the calculations; but, the basics are at:
* 20 miles per gallon vehicle at $4.00 per gallon.
* Cost .20 cents per mile to drive,
* .50 cents per mile IRS deduction
* Times 30% tax bracket is .15 cents in REAL money you pocket at the end of the year on your taxes.
* And when you deduct .15 cents from .20 cents. you are at .05 cents per mile or $1 DOLLAR PER GALLON!
THESE ARE REAL DOLLARS/SAVINGS AND REAL CASH IN YOUR POCKET AT THE END
OF THE YEAR!
You might be saying "WOW", this sounds great - I see it and I'm excited that my home-based business is going to help me save $3 per gallon on my fuel cost and I'm going to conduct business wherever I go and log miles.
This one reason alone, among many others, is why I am happily involved in my own "NetDivvy" Online Home-Based Business and spreading the word to help others have more spendable income and time freedom!
To your success,
Lloyd Dobson
P.S.
Lloyd Dobson is an expert trainer on how to utilize proper online marketing techniques and strategies that can help with ANY online business.. Learn exactly how to generate more leads without cold calling, buying expensive leads or chasing your friends by clicking this link: FREE Training & Marketing Secrets.
P.S.S.
Here is a couple of FREE marketing secrets that you can use today to drive traffic to you utilizing Twitter today to drive traffic to you and/or your business.
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