Not having a home business is crazy! But you can stop the madness today!
There are actually two sets of tax laws in the United States. One is for employees, and allows deductions for individual retirement accounts, 401(k)s (if you have one set up by your company), interest and property taxes on your home, and charity. Then there are the laws for employees and others who conduct business, whether full-time or part-time, from home. They can deduct, with proper documentation, your house, your spouse and even your children (by hiring them), your business vacations, your cars and your meals with colleagues.
They can also set up a pension plan that makes any government plan pale in comparison. Let’s say Ernesto earns $60,000 from his job as a bus driver. He starts a home-based business that generates a tax loss of $10,000. Therefore, he will only pay taxes on $50,000. (The wealthy and other high-income earners have used this tax law for years to reduce their taxable income.) Legitimate expenses are ordinary, necessary and reasonable, this means they have a bona fide business purpose and have an honest expectation of profit, he can never lose a properly documented business deduction as long as he runs his business as a business. Can you be successful in a home-based business? Why does one person succeed and another fail in the same business? Knowledge and Action.
Some people want the benefits of owning their own business, but don’t take action. There are other people who are always taking action but still failing. This group is not taking the correct actions, the informed actions, that will bring the desired results. Both sets of people have the same results, business failure. Consequently, many people resign before acquiring, through experience, the necessary knowledge to take the appropriate actions that generate business success. More importantly, they don’t realize that they are getting substantial tax breaks for learning how to build their businesses the right way. The Correct way is to Follow the System: ONE SYSTEM, allows ordinary people to achieve extraordinary results. In other words, you don’t have to reinvent the wheel; the hard work has already been done for you.
All that is required of you is to follow the map that is laid out before you. McDonald’s© is an example of a proven system. People pay millions of dollars and are willing to uproot their families for the chance to buy a McDonald’s© franchise. In the early 1950s, McDonald’s and other start-ups discovered that they could grow much faster than conventional companies by franchising. Instead of the company investing millions of dollars to build new stores, they let independent franchisees do it for them. It seemed like a great idea, but at first no one figured out how to make it consistently successful; therefore, the media attacked slowly and continuously.
News articles featured destitute families who had lost their life savings through franchise schemes. Virtually every attorney general in the United States condemned the new marketing method. Some congressmen even tried to ban franchises altogether; much like the network marketing profession today. However, over the years, Ray Kroc and his management team at McDonald’s developed a turnkey franchise business SYSTEM (Save Your Self Time Energy & Money). Today, virtually every franchise business model, to some degree, is the franchise business system created by McDonald’s, making franchising one of the most respected business systems in the world. Apply the information immediately.
It is imperative that you apply the system immediately: never reading a book will keep you as ignorant as a person who cannot read at all. In the same way, having knowledge and not acting on it makes that knowledge worthless. Successful people do it now. If not, they know they could fall victim to the Law of Decline of Intention: The longer you wait to do something you know you should do now, the greater the chances you’ll never do it. Smart employees: If you don’t have a home-based business, start one! These tax breaks, passed by Congress and the IRS, can put extra money in your pocket each week by increasing your take-home pay from the job you already have, starting with your next paycheck! Businesses have been downsizing, downsizing, and turning heads for some time now, and they will continue to do so, NOW more than ever.
The light at the end of the tunnel, for you and millions of others today, is the financial opportunity offered by starting your own business. If you already have one, be sure to enjoy the many financial benefits your smart choice entitles you to. A home-based business offers the best tax-saving strategy available to the average American. Our goal is NOT to make you a tax professional, but simply to make you a tax saving professional; then move from a W-2 to a 1099! The less you pay