Create A Cash Flow Show

Deduction Home Office

Tonight we talked about the home office income tax deduction that is available for home business owners on the DSWA tele-seminar.  I was the guest speaker on the Direct Selling Women’s Alliance tele-seminar tonight and after the call I had 10 emails saying that the access code did not work.  So I decided to give the call to you as a holiday gift.  Now is the time to put your plans in place to be IRS compliant with your business for next year!  The regular training call for our Power Hour on January 6, 2010 will be the same call with more information so mark your calendar for the next home business tax deduction training call.  If you are not on the home business newsletter list be sure to sign up!

Home Office Deductions

Some people and even some lawyers or accountants are afraid to take a home office deduction for fear that a red flag will go up.  The IRS does not have a flag pole that they run out to and raise a flag every time a home office deduction is taken.  There are two tax structures in the United States and in many other counties too.  One for the business owner and one for the employee.  The business owner gets the advantage of taking many business expenses before taxes.  While the employee is required to deduct taxes first then pay expenses, even expenses associated with going to work!

Home Business Tax Deductions

The IRS is not out to get home business owners who take the home office deduction and follow the law in doing so.  They made the law so that you can use it properly.  This call is all about setting up a business plan that keeps you compliant when using the home office deduction for your home business office expenses.

Australia has similar laws to the US.  Visit http://www.ato.gov.au

Home Business Tax Deduction

This audio shares more about home based business tax deductions.  Please keep in mind that I am not giving you legal advice and that you should consult you tax accountant.  If you need an IRS compatible business plan template, then the Power UP For Professional Results program is for you.  It includes a data disc with the IRS approved business plan created by a direct sales specific tax attorney.  If you need a referral for a direct sales specific tax consultant send me an email: Deb@DebBixler.com

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Deb Bixler www.CreateACashFlowShow.com 717-751-2793