Uncle Sam Will Pay You For Starting Your HomeBased Business ...

Author:??Stephen Brooks??view profile
Company:??MyEcon The Personal Financial Success Company
Website:??iamstevebrooks.com/2011/10/uncle-sam-pay-starting-homebased-business-waiting-for/
Article Tag(s):??Affiliate Marketing, Attraction Marketing, be your own boss, building a business, commission, Extra

Congress said get a ?homebased business? as a backup plan and to earn extra income in this bad economy. This means ?Uncle Sam will pay for your starting your HomeBased Business,what are you waiting for?? MLM/Network Marketing as a backup to a W2?d job is what every employed tax payer needs. This can be done without changing what you?re doing now in your daily life. Just start turning your personal expenses into business expenses. Track your expenses and keep good records. Change your W2 on your job and have an extra $100 dollars a week on average. Use this money to pay for your business and to start eliminating your debt.

There are two types of tax systems. One is where you are a W2 employee. You have a yearly, monthly, or hourly salary. Before you get paid they take out your deductions. What ever is left they give to you as take home pay. As a Network Marketing business owner you work hard to bring in customers and business partners. You earn your commission, pay your business expenses and then pay taxes. You don?t have to make a profit. Just have the intent to make a profit to take advantage of the tax breaks. Here are just a few but you can go here to view them all. Business use of your home can be ducted by setting up a visible and identifiable home office in a specific place. Say you have a 1000 sq ft home and you use 10% for your office. You can write off 10% of your rent payments for that year. 10% of all your utilities, water, gas, electricity. 10% of your renters insurance. 10% of home repairs and maintenance and renters insurance.

You can also take advantage of out of pocket expenses for health care. Not only doctors visits but things like band aids, over the counter pain medicine, and vitamins for your preventive health. You can write off your travel if you schedule business meetings in advance. Work your business while enjoying a family vacation keep your receipts and document. You have to ways to choose from when it comes to your automobile. You can take the standard mileage deduction which was 55 cents a mile last year. This can add up to a nice deduction with good documentation. The other is the vehicle usage cost. This is where you get to deduct all the expenses involved in operating your vehicle for business. All the cost like gas, tires, repairs, insurance ect.. As you can see using these few will give you the cash you need to start working on your Financial Freedom plan. MyEcon offers you your very own documenting and expense tracking system. So, ?Uncle Sam will pay you for starting your homebased business, what are you waiting for??

IamSteveBrooks

Source: http://www.homebizblogs.com/2011/10/uncle-sam-will-pay-you-for-starting-your-homebased-business-what-are-you-waiting-for/

mentalist alcatraz basketball air chick fil a chick fil a holiday inn express