subject: The Relationship Between Home Based Business And Tax. [print this page] In the United States, every full-time employees who does not do home based business needs to pay $3000 - $9,000 tax. Do you know that the tax is every family's biggest expenses? It is beyond the total cost of food, clothing and housing. Americans on average pay 42% of their income for the tax. This means that before May 1st you will earn to government, while remaining months income is for you and your family.
The good news is that the congress of the United States in order to encourage small business owners has approved many preferential taxation policies. Therefore, people who do home based business basing on the internet can fully enjoy the tax policy. So, what preferential tax can network businessman obtain? This list is quite widespread, including computer, car, travel, food and entertainment, etc.
Your investment cost is a computer and the corresponding software, and other related items may also include internet access, a web hosting, domain and. All of these can be used as a tax deduction. Freight can be as deduction. Other expenses which can be deducted the tax include petrol expense, car depreciation and etc.
Like golf or eat out? When you invite potential customers or dealers to watch sporting events, eat, play golf, these activities can offset tax. Holiday travel expenses can be also by the same operation.
Of course, all the preferential taxation policy is to make your home based business can be profitable. This requires you to take it as a business, not just a hobby. Keeping good records, you wouldn't meet trouble tax evasion.
Based on the home business has many advantages. People do home based business can be free of time and also can be costly.
by: lichenpath
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