Easy Home Business Tax Savings
Our Cash Flow Show Radio guest this week (LIVE on 1/14/15 then broadcasting daily through 1/27) is Ron Mueller, one of the top home business tax experts in the US.
Home Business Tax Savings
Micro-businesses stimulate growth in the economy which is why most governments encourage home businesses through special tax saving incentives.
The US government as well as developed countries’ administrators around the world would love to have every taxpayer utilizing the home business model. Whether that be instead of a regular wage-earning job or in addition to a career the WAH business is encouraged and recognized as good for the economy.
In the 21st century every home should have a home business.
A home-based business is any business where the primary administration of the business is done in the home even if the majority of the work is done outside of the home.
There are 3 criteria to qualify for home business tax savings. They are:
- Run business on a regular and consistent basis
- A profit intent
- Keep records
Depending on where you live, the home business tax savings may be different but you can be assured that the tax service created rules to encourage home business owners, not to cause them trouble when they utilize them properly.
NOTE: We are not giving you legal advice or advising you on your income tax. Please talk to a knowledgeable direct sales-specific accountant regarding your personal situation.
Listen To Full Tax Savings Broadcast
In order to listen to the full broadcast of this show and learn more about how to maximize your home business tax savings visit the Cash Flow Show – Home Business Radio page through 1/27/15.