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Friday, April 18, 2008

Uncle Sam Wants To Pay For Your Vacation


Tax time is over, but waiting to pounce again next year.

What are you going to do about it?

I had that same thought a couple of years ago when I
decided to take the plunge into the home business 
arena.

I had heard about some of the tax benefits you can get 
by starting your own home-based business, but it wasn't 
until I decided on a travel-based business that I really 
saw the awesome power of that.

Just think about it.

As an employee:

• First you earn a paycheck
• Then you pay taxes
• Then you live on the rest

As a business owner:

• First you generate profits
• Then you live
• Then you pay taxes on what's left

And when you're living, you can deduct all sorts of 
things for your home business, including computers, 
phone, video equipment, perhaps a wardrobe, part of 
your home, travel expenses, etc. etc. etc.

And if you're involved in a travel-related business like 
I am, you can even deduct vacations, travel 
memberships, etc. if they're related to any business 
activities (which they usually are).

The list is endless, and it's great to see what the IRS 
allows (and even encourages) business owners to take 
advantage of.

So think about it now.

Don't wait til next year when taxes roll around again.

Think about how you want to change your financial 
situation to avoid the taxing effect of too much taxes.

You'll get a headstart before anyone else.



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