| By the time you read this article, tax time will have | | | | be aware of. For starters, if you have a home |
| come and gone. So you're probably wondering why I'm | | | | business and the area of the house where you work |
| writing this now instead of BEFORE Uncle Sam took a | | | | in used for nothing BUT your business, that part of the |
| bite out of your wallet. The reason is simple. I find that | | | | home MAY be tax deductible. Certainly, if you have a |
| most people learn best AFTER the hurt has set in. | | | | private office that you work out of, that IS tax |
| That way, they won't do it again. So, if your tax return | | | | deductible. |
| ended up sending you to the bathroom to cry, you | | | | What about your equipment? If your computer and |
| might want to read this article. It may very well save | | | | other items such as printers, scanners, external hard |
| you some anguish next year. | | | | drives, or whatever are used only for your business, |
| Most people who start their own home business really | | | | they are fully tax deductible. Any web hosting that you |
| have no business doing just that. Why? Because | | | | pay for or domains that you buy are tax deductible. If |
| they're as clueless as a chipmunk in a cheese factory. | | | | your Internet connection is used solely for your |
| They have no business sense, no business plan, and | | | | business, that is tax deductible. If you have a PO Box |
| when it comes time to declare their income, no clue | | | | where you have money sent to you, that is tax |
| what they can and can't deduct. Ultimately what | | | | deductible. |
| happens is that they end up paying thousands of | | | | Any advertising that you do for your business, whether |
| dollars (assuming they've made any money to declare) | | | | it be through pay per click, solo ads or even forum |
| that they probably didn't have to pay. | | | | promotion, is tax deductible. If you do any traveling for |
| For those of you who can afford to have your taxes | | | | your business, you can claim the mileage for that as |
| done by a professional, do it. Go to some place like | | | | well. |
| H&R Block. They will ask you ALL the right questions | | | | Most home business owners who just toss |
| and will get you the maximum return that you're | | | | themselves into the mix don't know this and they end |
| entitled to or at the very least, will make it so that you | | | | up paying a lot more money than they should. So, if |
| pay as little as possible. Doing it yourself, you're looking | | | | you're one of them, this should hopefully be a painful |
| for trouble. | | | | reminder to check these things, as well as other items, |
| However, if having a professional do your taxes is not | | | | next year BEFORE you do your taxes. |
| an option then there are a few things that you should | | | | |