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Christian InTech Articles - Home Business
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Home Business Opportunities with SFI
SFI is a proven business program currently working for thousands of men and women all over the world. Since 1985, SFI's parent company (Carson Services Inc.) has been helping entrepreneurs--just like you--create profitable businesses and achieve...
Home Loans and Mortgages – Beware of Deed Theft Scam
The average home in the United States has a value of $206,000, a record amount. Real estate prices have been rising throughout the country during the last five years, and homeowners have seen the value of their property skyrocket. In California...
How to Tell if It Is a Legitimate Home Based Business Opportunity
No one likes to be taken advantage of or scammed, but how do you know if what you are looking at is a legitimate home based business opportunity? Unfortunately, there is no way to be 100% sure that what you are looking at is a legitimate home based...
Improve Your Work Productivity With Comfortable Home Office Chairs
Home offices are growing in large numbers because of the revolutionary business approach that is safely and conveniently provided by the World Wide Web. Approach in business has come to change over time. Thereby advancements in home office design...
Yes, There Are Opportunities For Christian Work from Home Businesses
There are specific Christian work from home businesses around, with more opening up every day, although some would argue that any business can be a Christian one. Before you make any decisions though, ask yourself a few questions such as: What...
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Home Business Tax Tips
Running a home based business reaps many wonderful tax deductions that other businesses some times may not claim. Unfortunately to many small business owners end up paying the government taxes every year because they are unaware or several small business deductions that are available.
Most of the time any expenses that are related to your business can be added as a deduction on your taxes. If you do not pay taxes through out the year, deductions can help you from paying a large amount of taxes each year and can also adjust earned income. Try to avoid paying large amounts of taxes or owning any money by keeping track of simple things!
Each business is a bit different so be sure to mention these ideas to your tax advisor or accountant to see if your business can qualify for these deductions.
1- If you join any business or purchase into any franchise, the expenses such as kits, or franchise fees may be claimed as a deduction.
2- Business Supplies. Be sure to save all receipts for any supplies you purchase for your business use. Computer paper, business cards, pens, catalogs, or any items you purchase and use for your business.
3- Advertising- Most advertising can be claimed on your taxes. Keep all receipts for any newspaper ad’s you may run, or any advertising you do online. Advertising is a business expense and in most cases can be written off.
4- Items Given Away- Keep a list of any items you may give away, and the costs of these items. Most freebies may also be written off.
5- Phone bills and internet access- If you have a phone line for business use or have the internet in
your home or office for business use, save all receipts for each bill paid. These items are business expenses and may also be written off.
6- An in home office- If you have an office in your home, make sure to let your tax advisor know. Using a room in your home as an office can also be added on taxes.
7- Long distance calls- If you make any long distance calls that are related to your business, make sure you keep all phone bills showing the calls and the amounts charged. If these calls are related to your work, the cost of the calls may also be written off in most cases.
8- Returned Checks and Bank Fees. If you incur and bounced checks from customers and can not collect on them, those amounts may be deducted, along with any fees you were charged from your bank. Be sure to keep the returned check, the letter from your bank and your bank statement to show the fee you were charged.
9- Postage- All postage costs paid by you or shipping fees may be claimed. Keep receipts for all shipping supplies, and postage.
10- Computers- If you purchase a new computer for business use, the cost of the computer may be claimed. You may also claim depreciation for 3 years after the computer was purchased.
About the Author
Tara Grant, owner of http://www.designbytara.com, http://www.partysuppliesrus.com, &
http://www.heronlinenetwork.com. Tara is a warm-hearted entrepreneur, mother of 2 small children and an avid networker in the wahm and parenting communities!
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