Hello home based business owners in Venice! 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 Venice 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 Venice 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 SW Florida 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 Venice home business owners a smaller tax bill this year!
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I am Lynette Henk, and I am a Punta Gorda-based XO artisan chocolate promoter. I joined XO in May 2010. I sell the industry-leading High-Antioxidant Protein Meal Replacement and XO Power Squares online and in Punta Gorda, Port Charlotte, Punta Gorda, and Venice. Our valued SW Florida customers recommend XO Power Squares because XO Power Squares are the most affordable & yummy way to get the antioxidants we need to keep us healthy.
Join our team and be a part of a fantastic High-Antioxidant Protein Meal Replacement home-based business in the SW Florida area. Florida entrepreneurs can supplement their income by cashing in on a high-demand Florida healthy artisan chocolate market. To learn more about our team and how you can be a part of it, visit http://LiveForChocolate.com.
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Now to Him who is able to do far more abundantly beyond all that we ask or think, according to the power that works within us, Ephesians 3:20
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