Tax Advantages of Your Home Based Business
Copyright Ali Brown http://alib.ws

Summary: I started this with the intent this would be a short
dissertation on some of the basic tips I have gathered over the
years for clients. It has grown into a rather lengthy document.
Therefore, in the interest of brevity in my blogs, I will put
the links I have for some good small business information for
both our Canadian and American partners here. If you’d like to
read the document in it’s entirety, please visit my
website @ http://alib.ws.

I want you to start thinking about your business as a
BUSINESS. Any and all of the expenses that you would incur
if your business were located out of your home still apply
(you simply pro-rate them with respect to the percentage of
your home you are using for your business). When you are
calculating these expenses, be sure to include the use of
common areas that would be used by your business as well.

You also think about your entertainment and vacation expenses
from a business perspective. Our businesses are based on
“networking”. If you are networking at your Sunday BBQ, this
becomes a business expense. Plan a vacation at the same time
and location as your primary’s convention.

A few Canadian references I am sure you will find useful
http://sbinfocanada.about.com/od/taxinfo/a/bizexpenseslist.
htm - reference information
http://www.cra-arc.gc.ca/E/pbg/tf/t2124/t2124-05e.pdf CCRA
Statement of Business Activities
http://www.cra-arc.gc.ca/E/pub/tg/t4002/t4002-05e.pdf CCRA
Publication: Business and Professional Income.

These are some equivalent US information I have been able to
locate.
http://www.irs.gov/pub/irs-pdf/p583.pdf IRS - Starting a
Business and Keeping Records
http://www.irs.gov/pub/irs-pdf/p587.pdf IRS - Business Use of
Home publication
http://www.irs.gov/pub/irs-pdf/f8829.pdf IRS - Business Use
of Home formhttp://www.irs.gov/pub/irs-pdf/i8829.pdf IRS -
Business Useof Home form instructions.

I write this with an obvious Canadian flavour - but my research
tells me the principles will stand true for our partners in the
United States as well. (For those of us who reside and build
our businesses in other countries, I can only suggest this may
give you a starting point for research into how each of your
countries applies taxation with respect to Small In Home Business)

By the nature of the beast, the Income Tax Laws are open to
interpretation, therefore, I cannot stress it strongly enough
that you must ensure you are not in contravention of any
legislation. In Canada we have tax avoidance law as well as tax
evasion law, if you are in doubt of any legitimate expenses you
must seek professional assistance. It is irresponsible to not do
so. Again, as your business grows you are going to contract out
these tasks, your time will be too valuable to be doing clerical
work.

About the Author:
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Simply knowing what you read in this article isn't enough. You
have to put it into action to be successful. To learn how you
can do exactly that – and to learn more about how Ali can help
you with your online marketing business, you will want to visit
her website at the following URL:
http://alib.ws
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Ali Brown is a friend and, I as well as many others look towards
her for help, guidance, and support. She is a very patient,
knowledgable, and very kind person who is always willing to share
her time to help others. If you ask Ali a question, she will find
you the answer. Thanks Ali for being you!

I am passionate about turning peoples Dreams Into Reality
Faye Brown

Work from Home Business Success
Craig Murdock

Do you want to have a work from home business? Success can
be yours if you make the right choices. There are a myriad
of opportunities for work from home business success. The
key is to determine which type of work from home endeavor
best suits your likes and needs. If you are doing an on line
search for work from home ideas you should be aware that
there are plenty of enterprises available to provide you
with work from home business success. However, there are
also plenty of opportunities to get ripped off. So be
diligent in your research.

Work from home business
success can be achieved in numerous ways. Two things that
definitely need to be done are taking the time to investigate
what you need to look for and what you should avoid when
looking at a work from home business. Your success could
well depend on it.

There are untold hundreds of
articles you can use to learn about opportunities available
on line. For example, you might want to learn how to:
•
Earn a little extra money on the side, in which case you
might want to learn about taking simple on line surveys.
Find out which ones are worth your time.
• Do document
translation or freelance writing. Find out where such
legitimate opportunities can be found and what helpful hints
you should know.
• Telecommute by arranging to work your
current job on line from home. Learn why your boss might go
along with the idea and the benefits you could reap from such
an arrangement.
• Data entry. Plenty of this to go around.


Perhaps you want to learn some of the pros and cons of
working for somebody else from home versus being your own boss.
If you decide that you want to be your own boss, search out
hints about how to take charge and make your dream of a work
from home business success come true. Learn what
responsibilities you are taking on by being your own boss.
Weigh those against allowing somebody else to continue being
the boss while still working from home.

Gain insight
into such areas as envelope stuffing scams, multi-level
marketing (MLM) and its ethical implications as it relates
to creating a work from home business. Success will depend
in large part on you knowing yourself, your likes and dislikes,
strengths and weaknesses and, how to best use your existing
knowledge and talents. Learn about legitimate distributorship
ideas where you have an honest chance of making money and
friends while creating a work from home business success. If
you don’t learn these things you may well end up alienating
current friends and failing in your business endeavor.


Some work from home business are seasonal while others are
viable year round all depending on where you live. Learn if
what you are interested in requires a lot of working capital
to get started or if you can start out with relatively little
financial investment. Investigate tax advantages and other
benefits derived from a working from home business.
Success can be just a step a way if you take advantage of the
wealth of information available to you.

Craig Murdock is a work from home business expert. His views
and ideas are published regularly on http://www.employment911.com

Provided By: Business, Finance and Management

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Home business success comes from you, your drive(goal) your passion,
and your mindset. It takes self discipline,motivation and desire to
have a susseful Internet or Networking Business. If you have these
things, I have the time for you.
Turning Dreams To Reality
ONE ON ONE HELP