Home Based Business Tax Advantages

by admin

You already know how wonderful it can be to work from home, but do you realize how many home based business tax advantages exist? Here in the United States, many people operate home based businesses just to take advantage of the numerous tax deductions. Claiming the use of your home in your business can give you some hefty deductions on your tax return.

A Word of Caution

As with anything tax-related, you must meet certain requirements determined by the Internal Revenue Service.  However, if you use one room or part of a room specifically for your business, you can receive a significant home based business tax deduction.  This can include portions of your utility bills specifically related to that area of your house as well as any relevant home improvements.

Your phone and other office services can also provide you with a substantial home based business tax deduction.  If you maintain a separate fixed phone line or cell phone specifically for your business, then all costs related to those phone lines can be tax deductible.

However, if you use equipment or services in both personal and business environments, it is more difficult to establish a tax deduction. Its not impossible, but you must meet some fairly strict requirements and maintain good records. Using your car in your business gives youthe potential for another good home based business tax deduction. Of course, you  must keep excellent records but you can deduct mileage and car-related expenses that you incur while conducting your business.

With any type of business, other incidental costs come up. You can also take deductions for purchases of items such as office supplies, postage, advertising materials and expenses.

Hire Your Children

You can potentially deduct even more by hiring your children or spouse to work as employees for you. This enables you to deduct health insurance premiums and other typical employee-related expenses. In order to find out about the many home based business tax deductions available to you, Give me a call at (562) 251-1300 or visit my website at http://MyCreativeTax.com .

With proper advice and good record-keeping, your home based business can become even more successful.

Yvette Geater

Owner of Creative Tax

Visit my website at

http://MyCreativeTax.comYou now can lidocaine 5

Share this article


  • April 17, 2010

    The medical transportation industry – an remarkable and booming market that is growing day by day – even with our troubled economic crisis! I’m going to expose a Million Dollar Opportunity which will surpass all your income targets and expectations and is not going to cost you thousands upon thousands of dollars to get started with. I know it since I’ve achieved it. And now, you can easlily too!

  • Rey Javis
    April 18, 2010

    The medical transportation sector – an impressive and successful business which rising by the day – in spite of our troubled economic conditions! I’m going to show you a Million Dollar Opportunity that will exceed most of your budgetary objectives and expectations and will likely not cost you thousands and thousands of dollars to get started with. I know it mainly because I have succesfully done it. And finally, you’ll be able to too!

  • April 23, 2010

    Hi, colleague! I like your blog, it’s so friendly! I think it’s pretty popular, isn’t it? I would like to invite you to my favorite Pay-Per-Click system, I believe you can earn with your blog a lot here. My crazy russian friend earns $3.000 per day here! Look, it doesn’t obligate you to anything http://klikvip.com/landings/en/landing2/index.php?aff=35357

  • May 2, 2010

    great post as usual!

  • July 10, 2010

    I found your blog on google.I would like to offer my site: Acai Berry Reviews

  • July 19, 2010

    Excellent advice (I am not a tax expert but I do know my home based business 🙂 ). Shame about the spam commnets – you should zap ’em quick, so they don’t lower the excellent and helpful tone.

    On the deductibilty of home based business expenses, I’ve always tried to err on the side of caution. Getting audited by the Tax Office in my country (Australia) is no more attractive a proposition to me than I imagine it would be in your country. My working principles with tax issues, are: be sensible, err on the side of caution and don’t get your file flagged as problematic! Better for business in the long run, quite aside from ethical issues which people sometimes forget when it comes to completing forms such as tax returns.

    And from one experience I had when I signed off in a hurry on a tax return prepared by my then accountant and unfortunately subscribed thereby to some misleading information (the accountant had not read my explanatory notes to him) I had a “please explain” and a fine, I recommend being very thorough when it comes to submitting returns. I now read *everything* before I sign.

    Keep up the good work!

  • August 2, 2010

    Thanks for your visiting this http://www.replicaseller.com online free stuff online.

  • August 4, 2010

    Why does the Admins of this website don’t start a company for this specific topic, they have lots of knowledge as I read and they know what they are doing.

  • August 5, 2010

    You’re probably going to need to consult an attorney or CPA if you want to do it right. Are you going to have employees. A corporation will pay double taxation vs. an LLC or S-Corp. So, they are all appropriate for different circumstances.

  • August 7, 2010

    Heya , I spottet a brilliant way to make loads of money online making blogs. I presume this is mainly for the website admin but there are probably more bloggers reading this. I have made thousands using the techniques detailed in the product and its only been 2 months. Free Money Making Blog By Blogging To The Bank

  • August 7, 2010

    Heya guys. I want to share a new Clickbank product with you. Its called Mobile Monopoly. Its been on the market for just over a month and is already the most selled product on Clickbank. It shows brand new techniques on how to earn money with Mobile Marketing. Mobile Market is A HUGE MONEY SUPPLY right now for making money, it is booming and i promoise you with this Ebook you really can make thousands per month. Mobile Marketing is booming right now, just like the .com did in the late 90’s. Get your share of the money. Mobile Monopoly – Just check the site out. I promise you that you wont regreat it. This Ebook is for everyone who is intrested in making money online.

  • August 10, 2010

    “Making money through photography, HAHAHA.”

  • August 11, 2010

    This is the kind of websites I like, not all this junk and spam which pops up on the googles first page, thanks to the Mods here, keep the good work.

  • August 12, 2010

    When I don’t have an inspiration to blog, I cleanup my folders in my PC and do defragmentation in my system…

  • August 12, 2010

    Can I link this post from my blog? Owen

  • This is the ratio used for defending depositors and endorse the constancy and competence of financial systems around the world. tier one capital, which can soak up losses without a bank being requisite to cease trading, and tier two capital, which can take in losses in the event of a winding-up and so provides a lesser degree of guard to depositors are two kinds of capitals calculated.

  • Pingback:Small Business:Home Based Business Money Saving Tips | small business grants

  • August 15, 2010

    Hiya , I spottet a fantastic way to make a lot of money online writing blogs. I suppose this is primaraly for the website administrator but there are probably alot more bloggers reading this. I’ve made thousands using the techniques detailed in the product and its only been two months. Free Money Making Blog By Blogging To The Bank

  • August 16, 2010

    home based business is a great way to earn passive income, plus, you are always the boys..`’

  • August 17, 2010

    Effortless however successful methods, this is my model of stuff!!

  • August 18, 2010

    Each article I have read through is quite efficiently written and published and even to the point. I would certainly also just like to point out, not merely tend to be your articles properly created, but this pattern of the site is fantastic. It was uncomplicated to understand out of page to write-up and get precisely what I was initially wanting for with ease. Continue up the excellent deliver the results you are engaging in, and I will be back many times in the near future.

  • August 19, 2010

    Every single writing I have read is very efficiently written and published and even to the point. I would definitely also prefer to express, not merely tend to be your reports most certainly composed, but this design of your site is great. It was easy to find the way from piece of writing to page and select exactly what I had been searching for with easiness. Keep up the good give good results you are carrying out, and I will be back lots of times in the near future.

  • August 21, 2010

    If the books you’re looking to read are in the public domain, then try Project Guttenberg or World Wide School. If they are not in the public domanin (and books printed recently certainly are not going to be in it), then unless the author or the publisher releases them for free in an e-book format they will not be available to read for free on the internt. If you wish to try reading them for free, then try your local library.

  • August 21, 2010

    Go to india and shake yo moneymaka lols its the same as being a celeb in hollywood get an agent and audition but ya have to have talent or atleast be pretty ???

  • August 21, 2010

    yeah you are certainly right. they are doing some ridiculous thing in the movies. which are bad and stupid. Now-a-days i hate to watch bollywood movies.

  • August 22, 2010

    SEO is dead.

  • August 23, 2010

    I really loved this post. You explain this topic very well. I really enjoy reading your blog and I will definetly bookmark it! Keep up the great posts! 🙂

  • Thanks for the info, I am going to be checking in..thanks

  • September 1, 2010

    on the login page type your pass word and and go on to the forgot your email icon then facebook will send u a message (the message is a code) so u could make a new login email

  • foolvepreossy
    September 1, 2010

    Wow… this blog is so popular. I just wanted to know how do you monetize it? Can you give me a few advices? For example, I use http://www.bigextracash.com/aft/2e7bfeb6.html

    I’m earning about $1500 per month at he moment. What will you recommend?

  • September 1, 2010

    Dime Promotions is offering free on-site SEO. This is is the first step to getting a website ranked. Even if you have a bunch of inbound links, if Google can’t read the website effectively and determine it’s subject matter then it won’t place.

  • September 3, 2010

    I bought a Janome from HSN and it is a terrific machine. I made curtains for my living room and everyone thought I bought them. I’ve owned 2 different Singers, and one White. I like the Janome best of all.

  • September 14, 2010

    I can see that you’re an expert in your area! I’m launching a brand new web page quickly and hey these information will probably be extremely useful for me man. Thanks for the support and I wish you accomplishment! :))

  • September 15, 2010

    I value the blog post.Thanks Again. Awesome.

  • September 15, 2010

    Wonderful blog! I definitely love how it’s easy on my eyes and also the data are well written. I am wondering how I might be notified whenever a new post has been made. I have subscribed to your rss feed which need to do the trick! Have a nice day!

  • September 15, 2010

    I feel like I’m always looking for interesting things to read about a variety of niches, but I manage to include your blog among my reads every day because you have honest entries that I look forward to. Here’s hoping there’s a lot more great material coming!

  • September 15, 2010

    Are you looking for a legitimate way to make money online? There is a lot of money to be made as a seller on eBay.Thousands and thousands of sales are made each day, resulting in a lot of income for a lot of sellers. And there is still room for you if you want to get involved – whether you want to earn money online with eBay.

  • September 16, 2010

    Zero Down Traffic Blueprint Warrior Says -Good blog post man, I essentially like the look and the feel of this excellent webpage. You write undoubtedly well, you should really be a knowledgable guy. Will really come back

  • September 16, 2010

    for learning website development u can use the free ebooks of …. a good design may reduce the disk space tht needed to host ur site…..

  • September 16, 2010

    Very interesting read. I am a blogger myself and of lately I have found that managing my own site has been a pain in the neck, especially for those technical jargon i have to solve. I recently found a new blogging community where you can just setup a blog and forget about it. Check it out, might be useful later

  • September 17, 2010

    What they said was probably correct; after all, web pages use the same code (html). The problem is probably down to the file structure on their server. For example they may have simply put your images in a subfolder (like /images) whereas on your last server they may have been sitting in the same folder as the web pages. This means that any code looking for the images will need tweaking to include the proper file path.

  • September 18, 2010

    Great site. A lot of useful information here. I’m sending it to some friends!

  • September 19, 2010

    you definately know your stuff. Good to see a true marketer on the internet!

  • September 19, 2010

    love the site man. Keep up the great work

  • September 19, 2010

    Excellent blog. I’ll put your link on my blog. Great work!

  • September 19, 2010

    TRUE. I think you’re right on the money! Promoting a business is an Art Form…I’ve been using something called the ECR Robot to promote my business on autopilot.

  • September 19, 2010

    Top Notch info. Thanks a lot! I’ve been using an ecr robot to advertise my goji berry program. It works!

  • September 19, 2010

    Excellent blog. I’ll put your link on my blog. Great work!

  • September 19, 2010

    Top Notch info. Thanks a lot! I’ve been using an ecr robot to advertise my goji berry program. It works!

  • September 19, 2010

    I like your blog. Great work! ECR Robot is a hands-free marketing robot.

  • September 19, 2010

    TRUE. I think you’re right on the money! Promoting a business is an Art Form…I’ve been using something called the ECR Robot to promote my business on autopilot.

  • September 19, 2010

    If you’re on this blog now…listen- they know what they are talking about

  • September 19, 2010

    Excellent blog. I’ll put your link on my blog. Great work!

  • September 20, 2010

    Hello!I am reading your blog for many days now. I have to admit that it is very informative. It is already added in my bookmarks and i will try to follow it frequently. Thanks for the nice posts . Furthermore, i honestly like your theme and the way you have organised your categories/menus . Can i ask the name of your template ? Cheers

  • September 20, 2010

    A single certain Huge Ass Miscalculation The usa

  • September 20, 2010

    I would like to stay in touch, What is your facebook page?

  • September 21, 2010

    Find something to sell on Ebay…look carefully and find something that 10,000 others are not selling. I sold US Silver dollars for years on Yahoo and made alot of money…then the field got too crowded and I left it.

  • September 21, 2010

    Considerably, this post is really the sweetest on this notable topic. I harmonise with your conclusions and will thirstily look forward to your incoming updates. Saying thanks will not just be sufficient, for the phenomenal clarity in your writing. I will directly grab your rss feed to stay informed of any updates. Admirable work and much success in your business dealings!  Please excuse my poor English as it is not my first tongue.

  • September 21, 2010

    certainly I genuinely akin to your current post continue included in the tidings I will probable pop in a lot of numerous other occasion to start appraisal many a lot more gratitude an ton.

  • September 22, 2010

    Wanted to share my opinion here, this websites delivers, never found so much information about a specific topic like what I found here, thanks.

  • September 24, 2010

    Pretty perspective post. Never thought that it was this easy after all. I have spent a good deal of my time looking for someone to explain this topic clearly and you’re the only person that ever did that. Thanks a lot! Keep it up!

  • September 26, 2010

    Happy to see this, I am happy to find this wondeful Name

  • September 26, 2010

    hey!,I like yourblog so much! share we discuss more about your weblog on Yahoo? Looking forward to see you.

  • September 27, 2010

    Howdy, Are you going to be publishing a follow up page? The spouse and myself have passed some time looking over your website and surprisingly enough you touched on some thing we were talking over just the other day with our neighbour. We often hear ourselves quarrelling over the littlest of points, isn’t it ridiculous?

  • September 28, 2010

    Hey, thanks for the great article. Honestly, about five months ago I started using the internet and there is so much junk out there. I appreciate that you put excellent content out that is clear and well-written. Good luck and thank you for the great tips.

  • September 30, 2010

    Hey very nice blog! I’ll bookmark it for my references! 🙂 Anthologia.

  • September 30, 2010

    It becomes clear that there is a lot to know about this. I believe you have made a lot of smart points in your article.

  • October 3, 2010

    Thank you ever so for you blog.Really looking forward to read more. Will read on…

  • October 3, 2010

    Hi, I applaud your blog for informing people, very interesting article, keep up it coming

  • October 5, 2010

    Thanks a good deal! I truly enjoyed reading this.Looking through these posts and the information you’ve provided I can appreciate that I still have a lot of things to learn. I will keep reading and keep re-visiting

  • October 5, 2010

    Hi. I genuinely liked reading through your current article!. High-quality material. I would undoubtedly recommend you to come up with articles a bit more frequently. By doing this, having this kind of a helpful blog I feel you will rank higher in the search engines . I also subscribed to your Rss. Continue the good job!

  • October 5, 2010

    Happy to see this, YourName will be the Hotin the world!!

  • October 7, 2010

    Nice, YourBlog will be the bestin the world!!

  • October 7, 2010

    Wow, YourWeb will be the Leadin the world!!

  • October 24, 2010

    Just want to affirm that this sort of programme is working perfect

  • October 24, 2010

    you are really a good webmaster, you have done a well job on this topic!

  • October 25, 2010

    I simply wanted to let you know, I really like the posts on your website. But I’m using my Firefox Browser and the display does not appear to be quite right. It’s certainly not a big deal as I am still able to see and read the postings but just thought I would inform you about that. Keep up the superb Cheers.

  • October 26, 2010

    You may have not intended to do so, but I think you have managed to express the state of mind that a lot of people are in. The sense of wanting to help, but not knowing how or where, is something a lot of us are going through.

  • October 30, 2010

    A growing blog on how to make money online. With the ways to make money online, making money online couldn’t be so much easier.

  • November 1, 2010

    Good blog! I really love how it is easy on my eyes as well as the information are well written. I am wondering how I could be notified whenever a new post has been made. I have subscribed to your rss feed which must do the trick! Have a nice day!

  • Pingback:Alexander7

  • April 25, 2012

    i bookmarked you in my browser admin thank you a lot i is going to be in search of your future posts

  • April 26, 2012

    This website is absolutely attention-grabbing i’m looking for is there any other examples? however anyway many thanks considerably as a result of I found that i was probing for.

Leave a comment

Your email address will not be published. Required fields are marked *