The United States has a tax system for Employees ( includes most working Americans)
and a tax system for Business Owners.
Employees are have very limited write-offs.
Businesses Owners engaged in earning (or working toward earning) profits, are entitled to a wide variety of legally deductible business expenses in their pursuit of that income and profit.
First, a little background on Americas tax system or should I say tax systems, since we have two tax systems in America.
The first type of Taxpayer is the Employee.
Employees, or W-2 wage earners, have a J.O.B. and work for someone else. Most taxpayers fall into this category.
They have very few tax deductions available to them, usually just:
Mortgage interest & Real Estate taxes,
Standard deductions for dependents,
Gifts to church or charity and
Contributions to a retirement plan.
Employees, follow a three-step process:
Step 1: Work hard to earn a decent wage.
Step 2: Immediately lose a huge chunk of those hard-earned wages to taxes.
Step 3: Then you get to live on whatever is left after taxes are withheld.
and a tax system for Business Owners.
Employees are have very limited write-offs.
Businesses Owners engaged in earning (or working toward earning) profits, are entitled to a wide variety of legally deductible business expenses in their pursuit of that income and profit.
First, a little background on Americas tax system or should I say tax systems, since we have two tax systems in America.
The first type of Taxpayer is the Employee.
Employees, or W-2 wage earners, have a J.O.B. and work for someone else. Most taxpayers fall into this category.
They have very few tax deductions available to them, usually just:
Mortgage interest & Real Estate taxes,
Standard deductions for dependents,
Gifts to church or charity and
Contributions to a retirement plan.
Employees, follow a three-step process:
Step 1: Work hard to earn a decent wage.
Step 2: Immediately lose a huge chunk of those hard-earned wages to taxes.
Step 3: Then you get to live on whatever is left after taxes are withheld.
Tax Savings
When you use your home in a business there are some fantastic deductions you can take on your taxes. The absolute first thing you should do is watch the video below.
When you use your home in a business there are some fantastic deductions you can take on your taxes. The absolute first thing you should do is watch the video below.
I have included some additional resources. These resources will allow you to make the most of the tax deductions. BE SURE TO DIRECT ALL OF YOUR QUESTIONS TO YOUR TAX PROFESSIONAL.
These resources are easy to download in PDF format.
LEFT CLICK ON THE LINK TO OPEN and RIGHT CLICK TO SAVE.
LEFT CLICK ON THE LINK TO OPEN and RIGHT CLICK TO SAVE.
Vehicle Use
Six Ways To Bullet Proof Your Audit
Why You Might Not Want To e-File
Year End Business Summary
Six Ways To Bullet Proof Your Audit
Why You Might Not Want To e-File
Year End Business Summary
There are TWO Tax Systems In The United States.
(You could be in the WRONG ONE!)
(You could be in the WRONG ONE!)
Pagers and PDAs
Cost of goods sold
Business education material
Books and on-line media
Services of Independent Contractors
Supplies and materials
Plane fares, hotel costs,
Meals and rental cars
Taxes and licenses
Special work clothing or uniforms
Lunches, dinners
Ball games and theater tickets
Security alarms and hidden cameras
Health, life, dental, vision
Disability and unemployment insurance
Company cars (and even boats)
Contributions to Employee Retirement Plans
Holiday cards, gifts and postage
Cost of goods sold
Business education material
Books and on-line media
Services of Independent Contractors
Supplies and materials
Plane fares, hotel costs,
Meals and rental cars
Taxes and licenses
Special work clothing or uniforms
Lunches, dinners
Ball games and theater tickets
Security alarms and hidden cameras
Health, life, dental, vision
Disability and unemployment insurance
Company cars (and even boats)
Contributions to Employee Retirement Plans
Holiday cards, gifts and postage
The second type of Taxpayer is the Business Owner.
Business Owners, on the other hand, get to write-off a ton of expenses.
Business Owners have a very different three-step process:
Step 1: Earn revenue from selling goods or services,
Step 2: Spend whatever they need to on operating expenses to keep the business financially
solid.
Step 3: Then, pay taxes only on whatever is left over.
Here's a long list of deductions commonly available to a Business Owner.
Mortgage interest or Rent
Gas, electric, water and sewer
Cleaning crews to clean and empty the trash
Computers, copiers,
Fax machines
Telephones
Advertising
Paper, pens
Postage
Business account banking fees
Desks, sofas and other furniture
Business Credit card fees
Depreciation
Painting, wallpaper, carpeting and
Repairs/remodeling
Legal and professional services
Bad debts (accrual method)
Phones bills, cell-phones,
And just about any other expense that qualifies as ordinary and necessary to
operate their business.
If you operate an Internet eCommerce Business, your deductions might also include:
Internet access fees
Merchant discount fees
Web hosting fees
Internet service
Extended-warranty costs
Database backup services
Ink and Toner cartridges for printers
Software used for business
If you operate an Insurance or Real Estate Business, your deductions might also include:
Advertising
Commissions
Licenses
Professional fees
Sponsorships
Chamber of Commerce membership
Signs and promotional materials
If You are an Employee, How Much are You Really Paying in Taxes?
The answer may astound you!
Taxes represent by far the single bill the average American employee pays! The amount withheld from your paycheck for taxes before you even see it is probably more than your mortgage or rent, PLUS your car payment, PLUS your food costs, and PLUS your clothing expenses -- combined!
When you add together Federal taxes, State taxes, Social Security taxes, Medicare taxes, sometimes County or City taxes, and all the rest, if you are like the average wage earner in America, you could easily be losing between 40 and 50 percent of your hard earned
wages to taxes, before you even see your paycheck!
Now, most people believe in paying their fair share of taxes, but do you think half of your hard-earned wages is your fair share?
A home business will allow you to deduct many of the expenses that you already pay but just don't deduct.
Business Owners, on the other hand, get to write-off a ton of expenses.
Business Owners have a very different three-step process:
Step 1: Earn revenue from selling goods or services,
Step 2: Spend whatever they need to on operating expenses to keep the business financially
solid.
Step 3: Then, pay taxes only on whatever is left over.
Here's a long list of deductions commonly available to a Business Owner.
Mortgage interest or Rent
Gas, electric, water and sewer
Cleaning crews to clean and empty the trash
Computers, copiers,
Fax machines
Telephones
Advertising
Paper, pens
Postage
Business account banking fees
Desks, sofas and other furniture
Business Credit card fees
Depreciation
Painting, wallpaper, carpeting and
Repairs/remodeling
Legal and professional services
Bad debts (accrual method)
Phones bills, cell-phones,
And just about any other expense that qualifies as ordinary and necessary to
operate their business.
If you operate an Internet eCommerce Business, your deductions might also include:
Internet access fees
Merchant discount fees
Web hosting fees
Internet service
Extended-warranty costs
Database backup services
Ink and Toner cartridges for printers
Software used for business
If you operate an Insurance or Real Estate Business, your deductions might also include:
Advertising
Commissions
Licenses
Professional fees
Sponsorships
Chamber of Commerce membership
Signs and promotional materials
If You are an Employee, How Much are You Really Paying in Taxes?
The answer may astound you!
Taxes represent by far the single bill the average American employee pays! The amount withheld from your paycheck for taxes before you even see it is probably more than your mortgage or rent, PLUS your car payment, PLUS your food costs, and PLUS your clothing expenses -- combined!
When you add together Federal taxes, State taxes, Social Security taxes, Medicare taxes, sometimes County or City taxes, and all the rest, if you are like the average wage earner in America, you could easily be losing between 40 and 50 percent of your hard earned
wages to taxes, before you even see your paycheck!
Now, most people believe in paying their fair share of taxes, but do you think half of your hard-earned wages is your fair share?
A home business will allow you to deduct many of the expenses that you already pay but just don't deduct.
Software used for business
Spyware subscription services
Anti-virus subscription services
Firewalls
Routers
Peripherals
Surge-protection equipment
Conference call services.
Spyware subscription services
Anti-virus subscription services
Firewalls
Routers
Peripherals
Surge-protection equipment
Conference call services.
Continuing education courses
Insurance
Seminars & Conferences
Permits & fees
Cell phone, pager and voice-mail
Printing, copying and faxing
and much more.
Insurance
Seminars & Conferences
Permits & fees
Cell phone, pager and voice-mail
Printing, copying and faxing
and much more.
I recommend reading "It's How Much You Keep That Counts" and you can get it here.
Contact me directly to get your questions answered about your particular network marketing business, your marketing plan, the Dream Team...whatever.
If you have a question or comment please feel free to contact me.
To Your Tax Saving Success,
(615) 713-1744
Brad Mirtes
Marketing & Business Consultant
If you have a question or comment please feel free to contact me.
To Your Tax Saving Success,
(615) 713-1744
Brad Mirtes
Marketing & Business Consultant
You'll Discover How:
To Get $200-$600 Put Back Into Your Take-Home Pay So That You Can Start A PROFITABLE Home
Business Of Your Own!!
To Reclassify Many Current Expenses Into Tax-Deductible Business Expenses!
Use The Money You Already Make To Fund Your Home-Based Business! And Much, Much More!
To Get $200-$600 Put Back Into Your Take-Home Pay So That You Can Start A PROFITABLE Home
Business Of Your Own!!
To Reclassify Many Current Expenses Into Tax-Deductible Business Expenses!
Use The Money You Already Make To Fund Your Home-Based Business! And Much, Much More!
CLICK HERE FOR MORE INFORMATION!
Click Pause To STOP!
Listen To Tax Expert Ron Mueller Talk About
How A Home Business Can Save You
A Ton Of Money!
How A Home Business Can Save You
A Ton Of Money!
Learn how you can how to put an additional $200 - $600 per month, or more, in your take-home pay starting NOW . . . GUARANTEED! . . . This is 100% LEGAL & 100% LEGITIMATE.
CLICK HERE TO SEE SOME "OTHER" GREAT TAXES YOU PAY!
CLICK HERE TO SEE SOME HOME BUSINESS TAX SAVING CALCULATIONS!
"Just Mind Your Own Business"
Marketing and Business Consultant
Marketing and Business Consultant
Learn how to add 20-30 people to your organization...every week!
GUARANTEED!! Click Here To Learn More!
GUARANTEED!! Click Here To Learn More!
Home Network Marketing Training Cash Generation Buy Gold Coins Tax Savings Contact Me
eBizReview.biz MLM Reviews Articles Training e-Courses e-Books Free Tools
eBizReview.biz MLM Reviews Articles Training e-Courses e-Books Free Tools
|
How Much Longer Will You Struggle For Success?
Grow Your Networking Business Now!
Subscribe to my e-Course & Newsletter and
Get Immediate Access to Free Valuable Information
That Will Help You Grow Your Organization.
Grow Your Networking Business Now!
Subscribe to my e-Course & Newsletter and
Get Immediate Access to Free Valuable Information
That Will Help You Grow Your Organization.
Home | Network Marketing Training | Cash Generation | Buy Gold Coins | Tax Savings | About Me | Contact Me
eBizReview.biz | MLM Review | Training | e-Courses | e-Books | Free Tools | Articles | Prospecting Test | Marketing Test | MLM Test
Prospecting Secrets | Closing Techniques | Ad Copy Tips | Network Marketing Online | About On Stage Marketing | On Stage Marketing - The Briefing
On Stage Marketing Classes, Prices & Guarantees | On Stage Marketing - The Opportunity | FAQ's | Site Map | Privacy
eBizReview.biz | MLM Review | Training | e-Courses | e-Books | Free Tools | Articles | Prospecting Test | Marketing Test | MLM Test
Prospecting Secrets | Closing Techniques | Ad Copy Tips | Network Marketing Online | About On Stage Marketing | On Stage Marketing - The Briefing
On Stage Marketing Classes, Prices & Guarantees | On Stage Marketing - The Opportunity | FAQ's | Site Map | Privacy
