How To Maximize Your Home Business Deductions for 2017

It’s April and the filing deadline for taxes is upon us!  While this is scary for some people and may be good news for others…I’m going to share with everyone how I maximize my deductions every year for my National Wealth Center home based business.

If you know how to maximize deductions for your home business you can really save yourself alot of money, even more so vs. working at a job.

In fact the first year I did my deductions for online marketing I saved a huge $5,000 off of my taxes…when you compare this to how nearly $800 monthly ($9600) was taken out of my paycheck working as a teacher or for the state before…you can really appreciate the incentive of having a home based business like National Wealth Center or any online opportunity!

What Kind of Tax Deductions Can You Get and How Do you Do This?

With anything tax related, it’s always best to consult with a tax professional as they can really help you learn and understand all of your tax deductions…

However over the years I got really good at maximizing my deductions through simply just using the online service called TurboTax…they make everything so incredibly simple and explain everything so well it’s really a piece of cake making sure you maximize everything when doing your taxes for your home based business.

For instance here are some great deductions you can maximize when having a home based business like National Wealth Center:

• Your home office
• Everything that you purchase for your home office for home office use
• Laptops, printers, office equipment
• Your personal vehicle if used for meetings, business
• Meals and transportation if used for business use
• Your phone bill and internet bill
• Hosting, advertising, and any tools used for your online business to conduct

There are many more but you can get the idea, really learning and maximizing your deductions keeps more money in your pocket and the deductions are great!

So I Bet You Are Ready To Start A Home Based Business Now…

If you like the idea of starting a home based business to get great deductions like the ones mentioned in this post, please understand that not all home based businesses are created equal.

National Wealth Center is the best online home based business in existence (as you can read from this site), so do yourself a favor and click the ‘Register Now’ button below… 😉

James Matthews

662.750.1029

IDwithJames@gmail.com

www.TheNationalWealthCenterReview.com

 

 

 

It’s Tax Time, Here is How To Maximize Deductions If You Are An Internet Marketer!

Coming up April 18th of this year of 2016 we have our tax deadline meaning you have to have your taxes completely filed and done!

I thought this would be a great time to write about a post dealing with the dreaded taxes that all of us have to do each year, but also to write about how to really maximize your deductions if you are a home based business owner/internet marketer/network marketer or make any type of income from any type of online business program or product.

There are alot of great tax deductions you can make if you are producing income from an online program like National Wealth Center or any type of online business and this post will be about how to maximize your deductions and know hot to get those deductions in the first place!

I know that if I knew this in the beginning I would have had much more success on how to better file and maximize deductions come tax time, so make sure to pay close attention to this post.

So What Type of Deductions Do Internet Marketers Get When Filing Taxes?

There is a great amount of tax deductions an internet marketer can receive when filing their taxes, I’ll list some of these here:

• Home office – most everyone in internet marketing is using their home as an office and this is a great deduction
• Office tools – whether it’s staples, pens, printer paper, calendars, etc. these all can be deducted since they are used for your business
• Electronics – laptops, smart tablets, desktop computers, printers, etc. that are used for your business can be deducted
• Cell phone bill – you are able to deduct part of your cell phone bill if it is used for business purposes
• Car mileage – if you are using your car for your home based business needs (meetings, transporting products or items used in your business) then you can deduct part of your mileage
• Meals & Travel – if any of your meals or travel are done for business purposes then part of this cost can be deducted

These are a small list and as always talk to a professional accountant or tax advisor for professional advice when preparing your own taxes, but as you can see these are great deductions you can take part in if you have a home based business!

I remember my first year when I was involved in internet marketing as well as National Wealth Center I really had no clue on how to do my taxes when doing them myself.

After the first year I really started studying home based and business deductions and my tax preparation really came to be an art and a science as I really learned how to maximize deductions every year.

So What Do I Use As An Internet Marketer To Do My Taxes Every Year?

Every year since I’ve been making an income online with National Wealth Center and all of my income streams, I have been using TurboTax.

I can do everything online and it is incredibly easy and convenient.  Also the TurboTax software really helps me find deductions and does most of the work in calculations and percentages for these deductions as well and that is incredibly helpful most of all.

The only bad thing I can say about the whole process is it usually takes me about 2 weeks to fully prepare and maximize all the deductions but that can be a fun thing as well when you are doing everything to fully make use of the deductions and learn more about the tax process in itself.

So if you are ready to start making an income for yourself and getting great tax deductions come tax time, then go ahead and click the ‘Register Now’ button below…

James Matthews

662.750.1029

IDwithJames@gmail.com

www.TheNationalWealthCenterReview.com