Legitimate Home Based Businesses

Posts Tagged ‘taxes’

Question: I opened my Home Based Business ( sole tProp) in November...what can I deduct?

I opened my business in Nov. I am trying to figure out the taxes. How do I work out the deductions etc for 2005???

Answer: Working from home is great for many reasons:

A home office can be a rich source of deductions if you play by the rules. You can have a home office in a single family home of a studio apartment, just like any other home office, any space attributed to a home office must be exclusively used for business purposes.

A percentage of your rent if you rent or lease
A percentage of your mortgage interest if you're buying your home
A percentage of real estate taxes and homeowner association fees
Household supplies and cleaning services for the business portion of your home
Repair and maintenance of your home office Utilities (electricity, gas, water) attributable to the business use of your home
Furniture in your household that you convert for use in the home office
Phone services, minus the base local service for the first line into your home (Lines devoted to the Internet and faxing may be entirely deductible.)
Business use of your automobile from the time you leave your door

Home Based Business Tax Deductions

Question: Am I the only one who thinks this so called stimulus package is just another tax break for business?

By the time anyone gets their check the economy will have been enfused with all that tax refund money, so why do we need to borrow money from china to throw at the people. This is just one last chance to give a tax break to businesses at the expense of our children and grand children. We do not need to put our country further in debt just so big business, elites and stockholders don't have to worry about losing their money because the rest of us can barely afford to live day to day, and can't afford their products while trying to keep our homes, food on the table and gas in the car.

Answer: Who was it once said "democracy only works until the people realize that they can vote themselves bread and circuses"

The war is a circus, intended to distract the people. This tax loan (it's not a break, it will need to be paid back in the future) is the bread.

If the people, through their elected representatives, are dumb enough to allow this joke, who is to blame?

Tax Benefits Home Business Intro

Question: would the Usa vote for a Working man like me for president? www.myspace/toma365?

I want to run For 2008 President. Independant party! Normal average American. A real working man in office. No more back alley hand shake politics. No more pay offs by big business. Just your everyday hard working man doing whats best for his country. Let's lower prices of oil by pumping it out of our own wells here in the USA. Let' s take care of our sick, homeless, and elderly here first. socialized medicine only creates bad medical attention. let's try a government subsidized program. Something to force insurance and medical cost down also. Let's work on better ways to educate our children. Let's get those troops out of Iraq and back here at home. Let's start putting jobs back in America , and lower the amount of imported goods. There are many problems that have been promised to be fixed by politicians. It will take a working man like me to get them done. write in Thomas A. Adamczak. for Your next President.

Answer: don't waste your time! vote Dr.Paul 2008

http://www.ronpaulnation.com/tv.html#lan...

Ron Paul http://www.ronpaul2008.com/
American Independence and Sovereignty
Border Security and Immigration Reform
Privacy and Personal Liberty
Property Rights and Eminent Domain
The Second Amendment

Congressman Ron Paul is the leading advocate for freedom in our nation’s capital. As a member of the U.S. House of Representatives, Dr. Paul tirelessly works for limited constitutional government, low taxes, free markets, and a return to sound monetary policies. He is known among his congressional colleagues and his constituents for his consistent voting record. Dr. Paul never votes for legislation unless the proposed measure is expressly authorized by the Constitution.In the words of former Treasury Secretary William Simon, Dr. Paul is the “one exception to the Gang of 535” on Capitol Hill.

http://www.ronpaulnation.com/tv.html...

Tax Write Offs For Your Home-Based Business