Give Yourself An Immediate Raise!
If you have the following and a job,
being a Healthy Habits Distributor may result in an immediate raise:
- Give your new Healthy Habits Distributorship a business name, order some business cards and make every attempt to show a profit.
- Hire a Tax Service that understands ALL IRS Rules pertaining to Home-Based Business.
- Be willing to document all business-related activities, car mileage, etc. in a daily diary.
It is important that you meet all 3 Requirements listed above. Becoming a Healthy Habits Distributor satisfies the first requirement. The other two are up to you.
Here's How It Works:
- When you were hired by your employer, you submitted an IRS Form W-4 which determines how much tax would be withheld from your paycheck.
- With a home-based business, you can use many of your household and living expenses that were previously paid for with after-tax dollars as legitimate tax deductions on your tax return.
- These deductions may number into the "thousands" of dollars of write-offs for you. This makes it possible for your employer to withhold less money from your paycheck.
- You could see an immediate increase in take-home pay, plus additional savings on your taxes.
Below is a list of items that may qualify as legitimate tax deductions. Speak with a tax professional to determine how best to document and obtain your deductions.
- audio/video tapes (educational or motivational)
- automobile and associated expenses
- boat, motor home, trailer
- books, subscriptions
- calculator, cassette recorder, VCR
- computer, printer, fax, scanner, software
- conventions, courses, seminars, tuition
- dry cleaning, laundry and some of your clothes
- entertainment, restaurant meals
- gifts to customers, associates
- golf, golf balls, golf clubs
- home office (% of lawn care, pest control, mortgage, etc)
- interest on loans (for assets used in your business)
- life insurance & health insurance premiums
- medical and dental costs
- movies, plays, season tickets
- office furniture
- parties in your home
- repairs to equipment
- family member salaries
- telephone & utilities
- travel & vacations (domestic & foreign business-related)
FACT: If you are presently paying for the above items with "after-tax" dollars, next year you could be paying significantly less in taxes even if your business didn't produce a profit!