Hello home based business owners in United States! Today’s blog is about saving money with home business tax write-offs. If you are running your own direct sales business or online store out of your United States home, you can take advantage of several tax breaks.
A percentage of your rent or mortgage and utilities can be deducted. If you use your computer exclusively for running your business, you may be able to write off the entire purchase price. Don’t forget to include the monthly fee to your internet service provider (I put this expense under the utilities category mentioned previously.)
Gasoline and auto maintenance expenses can take a large chunk of your income, especially as United States gas prices continue to rise. Don’t forget to expense the business portion of your transportation costs.
You can’t write off 100 percent of business meals eaten in Chicago restaurants, but you may be able to expense 50 percent. The amount may seem too little to bother with, or on the other hand, it may surprise you. The key to getting the most tax savings possible is keeping good records and adding up all the little savings.
Here’s wishing all United States home business owners a smaller tax bill this year!
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I am Michelle Myers, and I am a Chicago-based Xocai artisan chocolate distributor. I joined Xocai in march 2008. I sell the industry-leading Xobiotic and X Power Square online and in Chicago, Illinois, Midwest, and United States. Our valued Chicago customers recommend X Power Square because X Power Square changed my family’s health and allows me the freedom to run my own business..
Xocai is also a fantastic Xobiotic home-based business in the Chicago area. Illinois entrepreneurs can supplement their income by cashing in on a high-demand Illinois healthy artisan chocolate market. To learn more about Xocai, visit myershealthychocolate.com.
Call me at (847) 414-1235 to own your own Xobiotic business in Chicago, Illinois, Midwest, or United States.