TAX STIMULUS for Average People Like Us…
Tax Deductions for MLM: The BEST resource to understand them!
Congress has approved major tax breaks specifically for those who have a home-based business, because home-businesses are good for the economy, and they provide a “safety net” if a taxpayer were to lose his/her primary source of income. A home based business can be any network marketing business, MLM or a “regular” business. The tax benefits to home-based businesses change frequently as new tax bills are passed and new tax deduction clarifications are issued. But when they do change, they just seem to keep getting better and better. If you do not have a home-based business you lose-out on ALL these HUGE tax deductions. Period.
You MUST qualify for them!
The Congress is very strict on the requirements for qualifying for those tax refunds. You must follow the following three requirements:
- First, you MUST work at least 4 hours per week on a regular basis. This requirement is to make sure that you consider your Home Based Business as business and not a hobby.
- Second, you MUST intend to make profit. They require this to make sure you will have your home based business in case you loose your job or decide to make your home based business your primary job.
- Third, you MUST keep good records. This is obvious but you have to make sure to keep a good track of your expenses and revenues.
When the average entrepreneur understands what tax breaks are available to home-business owners, how easy it is to qualify, and how simple the recordkeeping requirements are, the new deductions will usually slash their taxes dramatically, sometimes up to 30 to 40 percent or more. That means thousands of dollars in tax savings year after year, for as long as you are actively running your business and make (or trying to make) a profit. Average tax savings for many is $3,500-$7,000 per year, averaging around $100 per week extra cash in your pocket!
Here are two examples of major tax savings you can bank on
- The Actual Costs of Operating Your Business: The bottom line answer is that they’re almost all 100% tax deductible! The costs of starting-up your home business, promotional materials, product samples, meeting attendance, internet access fees, cellular phones, fax lines, Palm Pilots, leads lists, web site hosting fees, 800-numbers, printing costs, brief cases, business cards, home office furnishings–all can be 100% deductible if they are used 100% for business. The rule of thumb is this: Any expense you incur because of your business, that you would not have incurred if you didn’t have a business, is probably deductible. What does that mean? Uncle Sam will pay you to start your business!
- The Key to your BIGGEST Deduction may be in your Ignition! Many people in home-based businesses can honestly and legitmately deduct $3,000 to $6,000 or more per year for use of their personal vehicles in their home-based business. Keeping a 90-day log once a year, showing the Date, Destination, Primary Purpose and starting/ending Odometer readings of each trip, are the only records you may need to keep. Note that only the primary purpose of each trip needs to be recorded. Even if you combine a personal errand with a necessary business errand, the vehicle use is still tax-deductible, as long as the primary purpose was business and that the personal errand did not add any additional mileage.
And there are so many more deductions that it would be too long for me to list them here. Here is some examples:
- “Vacations” may be Deductible (IF you Plan them Properly)
- Hire Your Own Children in your Home-Business to earn Tax-Free Income
- ALL Health Costs for Your Entire Family can be Tax Deductible!
OK, so now what?
If you have a (1) job, (2) pay taxes on your wages, and (3) also work a homebased business at least 3-4 hours a week, then understanding and using these tax deductions authorized by Congress can legally slash your taxes by THOUSANDS of DOLLARS –year after year! Even the required recordkeeping is easier and quicker than you think–it can be done in about a couple of minute a day–literally!
QUESTION:
Where do you go to learn:
- WHAT these hugh tax breaks ARE,
- How to QUALIFY for each of them, and
- How to keep the right RECORDS–easily
without reading 10,000 pages of tax laws?
ANSWER:
“Home Business Tax Savings MADE EASY!” by Ronald R. Mueller, MBA, Ph.D. It is the ONLY plain English step-by-step guide to home business tax breaks authorized by Congress. Dr. Mueller carefully research these tax breaks, and referenced each of them to the specific Tax Law, Tax Code or Tax Court Ruling that authorized it. Then came the best part for home business owners — he translated the convoluted wording of the tax laws and tax code into plain English that the average person can easily understand and quickly put to use to reduce their taxes to the legal minimum.
So don’t wait another day and get educated on what you are missing out! And you want to know the best part? Dr. Muller book is 100% tax deductible!
Amazing Results
These Results In Three Weeks
Grace Reddick, Author & Motivator
Grace Reddick, Author & Motivator
Ellabell Writer A Hit With Schools
Special to Bryan County Now | Thursday, November 13, 2008 at 12:30 am
Since the publication of her first book, “Ashley’s Unforgettable Summer,” in 2007, Grace Reddick’s life has been a whirlwind. When writing her first book, she did not realize the tremendous impact it would have on people.
“I have always enjoyed writing. I began to journal many years ago, and found it to bring healing for my mind and spirit. It also enables me to seek and express my inner self,” Reddick said.
Reddick has been invited to participate at many school events throughout the local area where she has spoken to hundreds of students about her book. Her granddaughter and inspiration for the book, Ashley, is a teacher at Sand Hill Elementary in Rincon.
Reddick enjoys being given the opportunity to speak at the various schools. She captivates the students with her story about Ashley and her unforgettable and challenging summer. Not only does she participate on various school programs, she also donates books to all the schools and libraries she has been invited to. She wants children to have access to the book, and believes that reading is a vital part of learning.
“I am grateful my book is helping others, and children are reading it,” Reddick said. On Nov. 14, she is scheduled to participate in South Effingham Middle School’s Annual Career Day.
Reddick has received book reviews from as far away as Melbourne, Australia. Book reviews have also come from Kentucky, Pennsylvania, Massachusetts, Virginia, California and Utah.
Since becoming a published author, Reddick has joined various writers’ groups. She is a member of the International Society of Poets, a member of the Christian Pen, a member of Authors’ Den, and is also a member of CWTR (Christian Women Take Root). She is proud to be a Ministry Partner of the Fellowship of Christians and Jews.
Reddick is currently working on her second book, “Forsaken Land.” Her second book is also a children’s book. “I hope it will be published the first part of next year,” she said.
“Once my second book is completed, I plan to write on a personal and spiritual level. My deepest desire is to uplift and bring renewed hope to readers who may be experiencing difficult life circumstances.”
Reddick grew up in Savannah, and now lives in Ellabell. You can visit her Web site at
http://savannahnow.com/node/615668#comments
Read 1st Chapter Of Ashley’s Unforgettable Summer
If you would like to read the first chapter of Ashley’s Unforgettable Summer, you may do so by going to
http://www.grace4books and click on “Read Excerpt.”
Synopsis Of Upcoming Book
This is a story about a little boy, Logan who wanders away from the safety of his back yard.
He finds himself in a place of no return, or so it seems. As he ventures through the wildreness, the anticipation of the unknown begins to creep in.
He’s startled by echoing sounds that remind him of dinosaurs. But surely that can’t be, or could it?
As the cries become more intense, Logan realizes he must run for his life and seek shelter. He stumbles upon a cave that will shelter both himself and his best friend Sam, a golden
retriever. Logan encounters many obstacles as he tries to escape the dangers that lurk beyond every corner. How will he be able to
defeat the dinosaur, and find his way back home? He must devise a plan of survival and escape.
A New Beginning
As you embark on a new year, and a new begininng, what are your aspirations, your visions? Discover your mission in life. I’m not talking about goal setting. There is nothing wrong with having goals, but a vision is not the same thing. A vision originates with God. It is a spiritual thing. It is God’s idea for you. The vision God gives you will stretch and strengthen you. Many people do not ever put themselves in situations that force them to stretch their faith, talent, or resources. A rubber band is not effective unless it’s stretched. A rubber band has to be stretched in order to fill it’s purpose.
Regardless of your circumstances, with God’s help you will be able to conquer the situation. How can you be an overcomer, if you’ve never had to overcome anything? You must look beyond where you are, in order to see where you want to be.
Do not be discouraged and become a quitter. Don’t let anyone steal your dreams. Many times, it is the people closest to you who will try to distract you, and try to pull you down. When doubts and difficulties threaten to rob you of your dreams and visions, hang on and trust God all the way. Keep your focus on Him. He will make a way for your dream to come true.
I began my writing career by journaling when my two daughter’s were young children. I never realized at the time that I would some day become a published author. I was a Christian, but I did not understand the intimate walk with God until much later in my life. As the circumstances of my life began to unfold, so did the hearbreak and broken dreams. I truly understand what it means to feel as though you are all alone, and that no one really cares. My faith in Jesus Christ has sustained, and fulfiled me.
Through the years as my situation continued, my spiritual life became stronger. My desire is to glorify Him in all I do. And as I near the end of this journey, I have contentment knowing I will soon start another chapter in my life.
In Christian Love,
Grace
Grace Reddick, Author
Welcome to my new blog. I am very excited about all the avenues of the writing industry.
My first children’s book, “Ashley’s Unforgettable Summer,”
is a rewarding experience. I continue to learn each day. I am working on my second children’s book. I plan to make this a series. Writing is a lot of fun as well as an adventure.
In the future I plan to write on a personal level. Self help, encouragement and spiritual. I will always write for children.
You may purchase my book from the publisher on my website, or the following locations.
ISBN 978-1-4257-4770-1
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