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You Have GOT to be cRaZy! The Tax Savings Alone Is Reason Enough

by Angie Mitchell on Oct 26, 2009

The tax advantages of owning a Home Business compared to being an employee of a company are huge people! Tax knowledge has powerful money savings potential. If you are an employee working for wages and have a part-time business, give yourself a pat on the back, go ahead and reward yourself because you're still better off even if your business hasn't profited much in the beginning, as long as you run it with a intent to profit, while keeping adequate business records you can take advantage of the tax savings . The first and most basic principal to get you going in the right direction is to realize that right off the bat the owner of a small business is legally able to deduct virtually anything that has to do with their business whereas the regular employee of a company gets a 20% deduction from their paycheck and then at the end of the year they have to pay. Uncle Sam says, "If you do that, I'll cut your taxes by $3,000 to $6,000 or more every year, starting today, and then,...Read More >>

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