The Home-Based Business Guide to Write Off Almost Anything - Doug Collins

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• Brand: Doug Collins
• Categoria: Business & Economics
• Magazin: libris.ro
• Ultima actualizare: 13-11-2024 01:34:21

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Descriere magazin:
It\'s A Shame To Pay More Income Tax Than Necessary! The truth is, having a home-based business is one of the least understood tax loopholes. This UPDATED AND EXPANDED EDITION includes more home-based tax secrets as well as new content specifically tailored for gig economy workers, rental income, surviving a tax audit, legal structures, registering your business and insurance liabilities. Are you confused about home-based tax write offs? Do you have a desire to take more ownership in this area of your business? Is tax season scary and stressful as a home-based business? Get this book! It\'s not the government\'s responsibility to point out what you are missing for legitimate home-based deductions; and most tax preparers do not proactively advise their clients on these tax write offs. This is why Doug wrote this easy to read helpful guide.There\'s a big chance you\'re leaving a lot of money on the table. So, if you\'d like to fix that problem, then start with this book today. With this book, you\'ll learn: The background of taxation and the difference between the two types of tax systems.How the Internal Revenue Service (IRS) and Revenue Canada (CRA) view home businesses from a tax perspective.The reasons why a lack of understanding about tax write offs and leaving everything to your tax preparer during tax season leads to overpaying taxes, and how to avoid it.How a part-time side business is one of the best tax strategies when combined with full-time W2 (T4) employment income.How to claim tax write offs even when not generating a positive business income or profit.How to use these tax savings to create wealth and secure retirement income. Inside this book, you will also discover how to: Legally claim thousands of dollars in tax deductions that you were previously unaware of.Avoid common mistakes that cost you money.Transform tax season from a nuisance to a profit-generating opportunity.Reduce the risk of being audited.Understand the reasons why your tax preparer may be giving you incorrect advice.And much more! This book is for all home-based businesses, including: freelancers, contractors, coaches, course creators, affiliate marketers, direct sales and network marketers, real estate investors, gig economy workers such as app-based transportation and food delivery drivers, and others operating a business from home. BONUS: As an added bonus, inside this book you will have access to a free downloadable Tax Preparation Checklist