http://www.articlealley.com en-us editorial@articlealley.com In this article, I would like to discuss what's deductible for business; and why we need to track large purchases for our business separately. -What's deductible? Gathering information for your tax return is much simpler once you know what you are... http://www.articlealley.com/http://rebeccatervo.articlealley.com/getting-ready-for-year-end-whats-tax-deductible-2404161.html 11th January 2012 It seems like everyone who starts a business wants to take the home office deduction. There are some definite problems to watch out for with the home office deduction. The biggest one is the IRS itself. Deducting your home office an increase your chances ... http://www.articlealley.com/http://susanzapper.articlealley.com/the-home-office-deduction-a-factor-of-your-selfemployed-business-2396065.html 05th December 2011 Before I tell you the biggest obstacle to small business tax reduction, let me tell you a story. One foggy night the captain of a large ship saw what appeared to be another ship's lights approaching in the distance. The two were on a course that would mea... http://www.articlealley.com/http://waynemdavies.articlealley.com/small-business-taxes--what-is-your-biggest-obstacle-to-paying-less-tax-2375962.html 14th October 2011 Quite a few of the tax techniques that pertain to owning a regular small business also relate to engineering, construction, and architecture businesses, at the same time you can get plenty of tax techniques that are appealing to a majority of these three ... http://www.articlealley.com/http://johnchuddleston.articlealley.com/tax-tips-for-construction-architecture-and-engineering-firms-2305956.html 30th June 2011 Are you a sole proprietor who files the shorter Schedule C-EZ rather than the traditional (and longer) Schedule C? If so, please read on to find out why you may be making a big mistake. First, a quick review of the qualifications for using Schedule C-E... http://www.articlealley.com/http://waynemdavies.articlealley.com/schedule-c-tax-tips--why-filing-schedule-cez-may-be-a-big-mistake-for-your-small-business-2228584.html 13th May 2011 Frustrated with the amount of self-employment (SE) tax you pay each year? You should be. The sole proprietor pays twice as much in SE tax (15.3%) as the employee pays in federal payroll taxes (7.65%). What's a Schedule C filer to do? Here are three ways t... http://www.articlealley.com/http://waynemdavies.articlealley.com/schedule-c-tax-tips--3-easy-ways-to-reduce-the-dreaded-selfemployment-tax-2228089.html 13th May 2011 Self employed loans can be a big step towards your dream to come true, a lot of people have dreamed of owning their own business. But the dream of owning your own business can be a very long journey, which is why self employed loans are there to assist... http://www.articlealley.com/http://seo.articlealley.com/self-employed-loans-makes-dream-come-true-2190371.html 15th April 2011 Here's a common tax question from home-based business owners: "Why do people make such a big deal about the home office deduction? It's not really worth that much, is it?" Like most tax questions, the answer to this question is "It depends." It depends on... http://www.articlealley.com/http://waynemdavies.articlealley.com/form-8829--how-much-money-can-the-home-office-deduction-save-you-2020333.html 09th February 2011 If I Take the Home Office Deduction, Will it Increase My Risk of Getting Audited? It's surprising how many network marketers actually overpay their taxes. There are common misconceptions Network Marketers have in preparing their tax returns that can c... http://www.articlealley.com/http://jimflauaus.articlealley.com/three-biggest-myths-network-marketers-believe-about-taxes-1935801.html 07th January 2011 One of the questions that Network Marketing / Multi Level Marketing owners ask is “What do you have to do to qualify for the home office deduction?" There are strict requirements you must meet in order to qualify, and it pays to “know the (IRS) code" to ... http://www.articlealley.com/http://jimflauaus.articlealley.com/how-can-network-marketing--mlm-business-owners-qualify-to-deduct-home-office-expenses-1904238.html 15th December 2010 To be eligible for business related deductions, you must use that part of your home claimed exclusively and regularly as the principal location of your business. You can calculate what percentage of the house is used for business, either by number of room... http://www.articlealley.com/http://douglasadams2.articlealley.com/tax-advantages-of-a-home-based-business-1744184.html 14th September 2010 If you gain mastery over how you can maximize your tax refund then you can save a huge amount of money on taxes. By availing tax deductions you can maximize your federal tax return by 15%, 25% or even 50 %. Tax deduction helps in reducing the amount... http://www.articlealley.com/http://bruceconans.articlealley.com/how-can-you-maximize-your-federal-tax-refund-1731236.html 03rd September 2010 If you own rental property, you may qualify to take a number of additional deductions specifically, for landlords. In our new deduction of the week entry we decided to take a look at some of these rental property deductions. Interest As a landlord ... http://www.articlealley.com/http://ronideutch.articlealley.com/tax-incentives-to-own-a-rental-property-1627855.html 30th June 2010 A home office deduction is well worth considering if you work, or run your business, from home. Depending on your local tax law, you could be eligible for some tax relief. What this means is that if you able to qualify for this tax relief, you can red... http://www.articlealley.com/http://davidcongreave.articlealley.com/home-office-tax-relief-1605752.html 17th June 2010 This week I'll share my third planning tip, but before I do, I want to share a very important item that could significantly impact your tax planning: If the IRS believes that your tax planning doesn't meet their standards, then they can fine you an amo... http://www.articlealley.com/http://tomwheelwright.articlealley.com/how-your-company-book-can-protect-your-tax-savings-1564313.html 24th May 2010 According to the U.S. Bureau of Labor Statistics, 4.12 million American entrepreneurs are operating their businesses at home. These home-based businesses include anything from home-based accounting firm to home-based food catering service and even to day ... http://www.articlealley.com/http://pamela4.articlealley.com/the-tax-benefits-of-a-homebased-business-1502637.html 15th April 2010 Home Party Plan=Best Home Business Model The home party plan business model is perfect for a busy family. Frequently a family will need extra income to make ends meet and yet all the wage earners are already working full time. A home party business is pe... http://www.articlealley.com/http://businessplan.articlealley.com/best-home-business-opportunities-1484214.html 01st April 2010 When comes tax time, it has most people digging for receipts they received the past year, looking in every nook and cranny of the house. Organizing your tax documents should start right after New Year's Eve is over, so it will be much easier next year at ... http://www.articlealley.com/http://lenjarosz.articlealley.com/why-is-organizing-your-tax-documents-important-1438206.html 09th March 2010 Copyright (c) 2009 Tom Wheelwright As I promised last week, this week I'm sharing a few more items that apply to both business owners and real estate investors. Here they are! #1 Check Your Vehicle The vehicle deduction is one of my favorite ... http://www.articlealley.com/http://tomwheelwright.articlealley.com/more-yearend-checklist-items-for-business-owners-and-investors-1291783.html 11th December 2009 According to the IRS, the majority of American taxpayers working from home do not claim a home office deduction even though they're entitled to it. This is because they are unfamiliar with the rules governing the deduction and they are wary of its record-... http://www.articlealley.com/http://jovanajeriniccpa.articlealley.com/save-taxes-by-claiming-a-home-office-deduction-1230434.html 12th November 2009 The IRS audits more than 50,000 businesses and 1,250,000 individual taxpayers each year, mainly via correspondence exams. Although no one can guarantee you will never be audited, you can lower your chances of being selected for an audit by following a few... http://www.articlealley.com/http://jovanajeriniccpa.articlealley.com/tips-to-reduce-your-chances-of-an-irs-audit-1230390.html 12th November 2009 Costs associated with maintaining a home office (for example, rent, utilities, insurance, repairs, and depreciation) may be deductible. If the office space is also used for personal reasons, the entire home office deduction is usually lost. However, expen... http://www.articlealley.com/http://francisludwik.articlealley.com/deducting-home-office-expenses-1228062.html 11th November 2009 There are some considerations to take into account if you're going to start a home based business. What type of business? You probably already have a business idea in mind, or are ready to move an existing business into your home. But, is this busine... http://www.articlealley.com/http://rharrison98.articlealley.com/dont-make-these-home-business-mistakes-1056044.html 30th August 2009 The countdown from Thanksgiving to Christmas is a magical time of year, but it's also a warning to real estate investors that December 31 - the end of the tax year - is almost upon us. If you haven't yet gotten your financial house in order you're runnin... http://www.articlealley.com/http://charrissacawley.articlealley.com/10-yearend-tax-tips-every-real-estate-investor-must-know-924060.html 10th June 2009 If you run a home-based business, you might be confused about what you can and cannot deduct as reasonable expenses. Some home-based businesses make critical mistakes and are red-flagged by the Internal Revenue Service. However, with a little guidance, yo... http://www.articlealley.com/http://directtm.articlealley.com/how-to-avoid-being-targeted-by-the-irs-in-your-homebased-business-897232.html 18th May 2009 Are you learning about the fascinating work from home industry to learn how to money make online ? Maybe you are doing your taxes and considering the possibilities of taking some more deductions from that home office that you created for yourself and neve... http://www.articlealley.com/http://davidbone.articlealley.com/learning-about-the-fascinating-work-from-industry-845769.html 02nd April 2009 Yes, you can leverage on these small business deductions to build a significant tax shelter by writing off substantial dollars from your home based small business. Without a doubt, you can put the IRS tax laws in your favor to pocket big bucks. Gener... http://www.articlealley.com/http://timderey.articlealley.com/top-small-business-deductions--keep-more-cash-840246.html 27th March 2009 All the self-employed people are annoyed with the high self-employment (SE) Tax. There is a valid reason to be frustrated; SE Tax is twice as the federal payroll tax. Where a employee pays 7.65% federal tax, a self employer has to pay 15.3% of SE tax. The... http://www.articlealley.com/http://ronfinkelstein.articlealley.com/you-can-reduce-selfemployment-tax-heres-how-834726.html 25th March 2009 Are you afraid to take advantage of the home office deduction? Perhaps you are the victim of one or more of these common tax myths. Unfortunately, many self-employed folks shy away from taking the home office deductions for at least one of the following f... http://www.articlealley.com/http://waynemdavies.articlealley.com/schedule-c-tax-tips-are-you-letting-these-4-myths-stop-you-from-taking-the-home-office-deduction-797957.html 25th February 2009 Fears of an IRS audit have given rise to many odd myths over the years, some of which are just too crazy to believe. However, there are still some myths out there that remain common beliefs to thousands of taxpayers. Having a home office is an audit re... http://www.articlealley.com/http://ronideutch.articlealley.com/the-most-common-irs-audit-myths-771950.html 30th January 2009 If you are self-employed, then you know how confusing preparing and filing your tax returns can be. With so many deductions and rules it is easy to miss out on tax advantages for you and your business. Bookkeeping Software When you are self-employed ... http://www.articlealley.com/http://ronideutch.articlealley.com/8-tips-for-selfemployed-taxpayers-726370.html 18th December 2008 Lay-offs, down-sizing, right-sizing - whatever you want to call it, corporate changes have driven workers away. A lot of people have become sick and tired of the work world. This has meant a big upswing in the number of home based businesses. This mass ex... http://www.articlealley.com/http://andrew40.articlealley.com/get-a-murphy-bed-for-your-home-office-709952.html 03rd December 2008 Motivation, unrelenting desire and talent are required for starting and managing exciting home-based business, quickly and easily. You can avoid much of the risk involved with starting a business on your own business with lot of research and planning. Hap... http://www.articlealley.com/http://happilyhomebased.articlealley.com/how-to-get-tax-breaks-for-your-home-business-opportunity-686082.html 12th November 2008 When considering whether to start your own home business, you probably took into account all of the benefits that come from having one. What you probably did not even consider was the numerous home business tax benefits. Just by running your own busines... http://www.articlealley.com/http://robertpalmer.articlealley.com/home-business-tax-benefits-662442.html 13th October 2008 With the world shifting technologically, it is becoming extremely popular and sometimes necessary to work at home. In order to do so, however, there are some key items that are essential. These items are: Copiers and fax machines, telephones, computer des... http://www.articlealley.com/http://louischarlesmartel.articlealley.com/11-tips-to-working-at-home-543437.html 21st May 2008 The home office deduction gets a bad wrap. There are so many rumors out about the home office deduction that you may want to avoid the whole subject. But if you have a home office and aren't deducting it, you could be missing out on some very valuable t... http://www.articlealley.com/http://toddjensen.articlealley.com/four-common-tax-myths-all-home-business-owners-should-be-aware-of-534616.html 11th May 2008 You should if you want to take full advantage of a tax deduction many people overlook. The home office deduction allows individuals to deduct expenses that are not otherwise deductible such as utilities and homeowners insurance. There are certain requirem... http://www.articlealley.com/http://tomwheelwright.articlealley.com/who-wants-to-take-a-home-office-deduction-516799.html 13th April 2008 With the world shifting technologically, it is becoming extremely popular and sometimes necessary to work at home. In order to do so, however, there are some key items that are essential. These items are: Copiers and fax machines, telephones, computer des... http://www.articlealley.com/http://louischarlesmartel.articlealley.com/11-tips-to-working-at-home-493855.html 25th March 2008 With the world shifting technologically, it is becoming extremely popular and sometimes necessary to work at home. In order to do so, however, there are some key items that are essential. These items are: Copiers and fax machines, telephones, computer des... http://www.articlealley.com/http://louischarlesmartel.articlealley.com/11-tips-to-working-at-home-493850.html 25th March 2008 Mystery Shopping is one of the world's most unique and rewarding ways to earn money. That's why there are over one million registered Mystery Shoppers worldwide. Come tax time Mystery Shoppers are some of the most rewarded people. Mystery shoppers are ind... http://www.articlealley.com/http://robertpalmer.articlealley.com/mystery-shoppers-and-their-taxes-246466.html 14th November 2007 "Oh My God", cries out my fifteen year old daughter. "Oh My God Is Right", replies her brilliant and handsome father. This is an example of two people saying the very same thing, but for entirely different reasons. I can't help but wonder when I read othe... http://www.articlealley.com/http://ronpiner.articlealley.com/the-homebased-business-190863.html 24th July 2007 Know thy tax codes! Tax codes can save you thousands of dollars if you use them properly. Following are codes and tax deductions that you can take immediately. (You can do these things even if your business is new.) Power Tax Tool #1: Section 280: ... http://www.articlealley.com/http://mattbacak3.articlealley.com/14-power-tax-tools-for-your-internet-business-161024.html 17th May 2007 Owning and operating a home based business has many advantages and benefits over working at a regular 9-5 job. There is always the simple pleasure of just being at home in addition to the above average income the self employed usually bring in. One consid... http://www.articlealley.com/http://robertwilliams2.articlealley.com/tax-advantages-of-the-homebased-business-122110.html 22nd January 2007 Seeking tax advice and tax tips is never a bad idea. When it is time to file your home based businesses taxes online you want to have every weapon that is legally at your disposal. Having a list of acceptable deductions for your home business will allow y... http://www.articlealley.com/http://nataliearanda.articlealley.com/tax-deduction-101-for-home-based-businesses-97912.html 09th November 2006 "Dream big and dare to fail." Norman Vaughn I have had so much fun owning and operating my home businesses in the past three years. When I first started my pet sitting business I just wanted to care for others pets and be my own boss - I had no idea o... http://www.articlealley.com/http://daniellechonody3.articlealley.com/8-reasons-everyone-should-own-a-home-business-71965.html 13th July 2006