Rent or mortgage

Auto expenses

Travel-Entertainment

Retirement

Equipment and supplies

Medical expenses

Education and training

By running these expenses through your business, they become tax deductible. However, you must have assistance from an accountant or financial expert to guide you.

Example. You drive to the mall on Saturday. Deductible business expense?

If you stop at t

You know and I know that children with a parent at home do better in life.

Extra care and attention was never needed more by kids than today.

Now there is a way your spouse can stay at home with the kids, while the IRS will equal or better the income your spouse loses by not working!

Example:

Joe and Mary have two children, ages 4 and 7. She works, making $8 per hour, for 35 hours or $480 per week, $2,064, month. After taxes, that will be about $1,375 month.

Look at some of the costs involved with Mary going to work:

Child care-2 children $645 per month

Lunches and meals out $200 per month

Hair care and cosmetics $75 per month

Transportation $95 per month

Cell Phone $75 per month

Dry Cleaning/Laundry $45 per month

Net $240 per month. Less than $56 per week! Your figures will vary. The point is to do the analysis and check the net.

After deducting the costs associated with Mary's job, they are only $240 per month ahead; with the kids in daycare.

What if Joe started a home based business and hired Mary?

The tax benefits of having a home based business are enormous. The only requirements for a qualifying business are that you "actively" pursue the business with the intent of making a profit.

If your home is the business headquarters, you will be eligible for an Instant Pay Raise from your current job of $200-$1,000 per month!

By running a qualified business from your home, you will be able to deduct virtually all of the money you are now spending on your family. Your family and a business have virtually the same expenses:

Rent or mortgage

Auto expenses

Travel-Entertainment

Retirement

Equipment and supplies

Medical expenses

Education and training

By running these expenses through your business, they become tax deductible. However, you must have assistance from an accountant or financial expert to guide you.

Example. You drive to the mall on Saturday. Deductible business expense?

If you stop at th

Look at some of the costs involved with Mary going to work:

Child care-2 children $645 per month

Lunches and meals out $200 per month

Hair care and cosmetics $75 per month

Transportation $95 per month

Cell Phone $75 per month

Dry Cleaning/Laundry $45 per month

Net $240 per month. Less than $56 per week! Your figures will vary. The point is to do the analysis and check the net.

After deducting the costs associated with Mary's job, they are only $240 per month ahead; with the kids in daycare.

What if Joe started a home based business and hired Mary?

The tax benefits of having a home based business are enormous. The only requirements for a qualifying business are that you "actively" pursue the business with the intent of making a profit.

If your home is the business headquarters, you will be eligible for an Instant Pay Raise from your current job of $200-$1,000 per month!

By running a qualified business from your home, you will be able to deduct virtually all of the money you are now spending on your family. Your family and a business have virtually the same expenses:

Rent or mortgage

Auto expenses

Travel-Entertainment

Retirement

Equipment and supplies

Medical expenses

Education and training

By running these expenses through your business, they become tax deductible. However, you must have assistance from an accountant or financial expert to guide you.

Example. You drive to the mall on Saturday. Deductible business expense?

If you stop at t

Net $240 per month. Less than $56 per week! Your figures will vary. The point is to do the analysis and check the net.

After deducting the costs associated with Mary's job, they are only $240 per month ahead; with the kids in daycare.

What if Joe started a home based business and hired Mary?

The tax benefits of having a home based business are enormous. The only requirements for a qualifying business are that you "actively" pursue the business with the intent of making a profit.

If your home is the business headquarters, you will be eligible for an Instant Pay Raise from your current job of $200-$1,000 per month!

By running a qualified business from your home, you will be able to deduct virtually all of the money you are now spending on your family. Your family and a business have virtually the same expenses:

Rent or mortgage

Auto expenses

Travel-Entertainment

Retirement

Equipment and supplies

Medical expenses

Education and training

By running these expenses through your business, they become tax deductible. However, you must have assistance from an accountant or financial expert to guide you.

Example. You drive to the mall on Saturday. Deductible business expense?

If you stop at t

If your home is the business headquarters, you will be eligible for an Instant Pay Raise from your current job of $200-$1,000 per month!

By running a qualified business from your home, you will be able to deduct virtually all of the money you are now spending on your family. Your family and a business have virtually the same expenses:

Rent or mortgage

Auto expenses

Travel-Entertainment

Retirement

Equipment and supplies

Medical expenses

Education and training

By running these expenses through your business, they become tax deductible. However, you must have assistance from an accountant or financial expert to guide you.

Example. You drive to the mall on Saturday. Deductible business expense?

If you stop at t

Rent or mortgage

Auto expenses

Travel-Entertainment

Retirement

Equipment and supplies

Medical expenses

Education and training

By running these expenses through your business, they become tax deductible. However, you must have assistance from an accountant or financial expert to guide you.

Example. You drive to the mall on Saturday. Deductible business expense?

If you stop at the UPS store in the mall and pick up mail for your business, you turn an ordinary trip to the mall into a tax deductible business expense. Auto deductions alone can be huge because you can write off $485 per 1,000 business miles traveled!

Write off your vacation? Yes! The IRS says that if you spend the majority of your time on business, you can write off that weeklong trip to Orlando, Fl. despite the fact that you spent 3 days at Disney!

When you hire your spouse to work in your home based business, the money you are now giving them becomes tax deductible salary!

Your spouse must work at least 100 hours per year and their pay must be comparable to industry levels.

Your spouse is your employee. You put in a medical plan for all employees and their families that reimburses them for all medical expenses. That means medical insurance premiums, co-payments as well as dental and other services that may not be covered by your medical plan will now be reimbursed by your business.

All these expenses means that the business will probably show a loss, which can then be written off your regular job income, drastically reducing your income tax.

By simply increasing the number of withholding allowances on your W-4 at work, you will receive next year's refund this year, a portion with every pay check.

This is your Instant Pay Raise from the IRS! At $200-$1,000 per month it will probably be as much or more than Mary's $240 net from her job! And the fact that she is home with the kids? Priceless!