| Being self employed and your own boss also give you | | | | Services used - These are services such as business |
| the freedom of not bound to a withholding money for | | | | telephone lines, fax lines, Internet connections if used |
| tax by a company employer, like you would if you | | | | for business. You can then consider these to be |
| worked for someone else. When you work for | | | | business expense are now home business tax |
| someone else you would have to have money taken | | | | deductions. |
| off each payday check and sent to the government | | | | Advertising - When you spend money on advertising |
| with payroll deductions. When you are self employed | | | | for your business it is an expense to create profit and |
| you can keep that money yourself until it comes time | | | | is also a home business tax deduction. This is a very |
| to pay. So what is great about that is you can then put | | | | big one. I often hear people complain about advertising |
| that tax money in a savings account and make a tiny | | | | their home business online and stuff. Well that |
| percentage of interest till then. | | | | advertising is an expense and can be deducted. |
| Now as far as home business tax deductions, there | | | | Gas - If you are using your car to do business |
| are many deductions you can take advantage of. Be | | | | appointments then you are allowed to deduct your gas |
| sure to consult with your tax advisor or accountant to | | | | bill. |
| be sure about each one, as many businesses and | | | | Rent or Mortgage. - If you are a renter you can |
| states or provinces are different. | | | | deduct a percentage of your rent as an expense or if |
| Here are a few home business tax deductions you | | | | you are a home owner you can deduct part of your |
| can get: | | | | mortgage as a business expense as you are working |
| Start up cost - The start up cost for going into | | | | from your home. |
| business can usually be deducted. This includes | | | | These are just a few deductions that you may be |
| distributor kits and membership entry fees etc. | | | | able to take advantage of as a home based business |
| Office supplies - When you go to the store and buy | | | | owner. Please be sure to consult your accountant for |
| stuff like paper, pens, computers, desks, and other | | | | more details on how to really implement and take |
| supplies that you need for your home office you are | | | | advantage of these deductions. |
| able to deduct these expenses. | | | | |