Hello home based business owners in Henderson! Today’s blog is about saving money with home business tax write-offs. If you are running your own direct sales business or online store out of your Henderson home, you can take advantage of several tax breaks.
A percentage of your rent or mortgage and utilities can be deducted. If you use your computer exclusively for running your business, you may be able to write off the entire purchase price. Don’t forget to include the monthly fee to your internet service provider (I put this expense under the utilities category mentioned previously.)
Gasoline and auto maintenance expenses can take a large chunk of your income, especially as Henderson gas prices continue to rise. Don’t forget to expense the business portion of your transportation costs.
You can’t write off 100 percent of business meals eaten in Henderson restaurants, but you may be able to expense 50 percent. The amount may seem too little to bother with, or on the other hand, it may surprise you. The key to getting the most tax savings possible is keeping good records and adding up all the little savings.
Here’s wishing all Henderson home business owners a smaller tax bill this year!
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I am Karin Peterson, and I am a Las Vegas-based Xocai artisan chocolate distributor. I joined Xocai in May 2011. I sell the industry-leading Nuggets and Power Squares online and in Las Vegas, Phoenix, Portland, and Henderson. Our valued Henderson customers recommend Power Squares because Power Squares offers real health benefits and/or financial freedom.
TeamX88 is also a fantastic Nuggets home-based business in the Henderson area. Nevada entrepreneurs can supplement their income by cashing in on a high-demand Nevada healthy artisan chocolate market. To learn more about TeamX88, visit http://mxi.myvoffice.com/karinpeterson.
Call me at 702-806-0150 to own your own Nuggets business in Las Vegas, Phoenix, Portland, or Henderson.