Direct Selling Strategies: Deduct Your Ski Vacation!!Posted by Deb Bixler
One of the best benefits of working from home is the income tax reduction strategy available to you.
When you work from home, you are working your direct selling business everywhere you go, so with careful planning you can maximize your income tax deductions.
Direct Selling Strategies
One of the best direct selling strategies is the home office deduction.
Taking income tax deductions based on a home business is not about cheating on your taxes.
It’s about paying the taxes you are supposed to and also taking the deductions that you deserve. When you conduct business everywhere you go and document those activities you are eligible to take the travel deductions.*
Your Ski Vacation Is A Tax Deduction
I am on a ski vacation. I drove 150+ miles to get here. With careful planning I can schedule a business trip every time I go on vacation and take some of the mileage and other expenses as a business deduction.
When I schedule a business appointment (which I did) while I’m on vacation, then I’d take half the miles that it took to travel here as a tax deduction. That alone is a deduction of $75 that I do not have to pay taxes on.
It is a legitimate deduction. Then the meals and entertainment and possibly the hotel for the night since I did conduct business and I can offset my vacation costs tremendously.
In reverse when I have a business trip I always schedule recreation as well.
- When I present a speaking engagement in New Hampshire and I stay a couple extra days to ski. In this case all the travel, meals and hotel is 100 percent deductible.
- When I go to Florida on business, I also visit my sister. The meals and entertainment when hanging out with my sister is not taken as a deduction but all the transportation (airfare from PA to Florida) is.
When working a business from home you can make the same amount of income as you would in any other job but as a result of the income tax reduction strategies available for home business owners there is more disposable income available.
Direct Selling Recruiting Strategy
|People do not like to lose money.The home office deduction is an awesome direct selling recruiting strategy.
Sharing with your family and friends how much they could save when working a business from home will generate more interest than “starting a business” will.
Use the benefits of working from home as a recruiting tool.
The TaxRecruitingApp is a tool that allows you to plug in numbers for your friends and family so they can see exactly how much money they would save in taxes when working from home. When you show them how much they are leaving on the table by giving money to the government, they will be more open to your home business opportunity.
Any additional income that they generate from the home business will be gravy. Try the free version of the www.TaxRecruitingApp.com and see how effective it is when showing friends and family how much they are leaving on the table by NOT working from home!
*Deb is not a tax accountant and is not giving you tax advice. Always us an accountant who understands the direct sales industry.