Business & Finance Small Business

How Your Small Business Can Make Money, Without Making Money

If you are tired of paying taxes and still struggling to make ends meet while the government spends money on crazy programs that you can perceive zero value in, then stop paying taxes! Okay, so you probably shouldn't just stop paying taxes altogether since tax evasion is something the U.
S.
Government takes very seriously.
So here's my disclaimer: I was just kidding with you! But there are tax laws that were written by Congress to help you keep more of your money working hard for your family.
The number one way to do that is by starting a small home based business.
An article I read this morning stated in the coming years 100 Million home businesses would be started due to the economic circumstances our world is faced with.
No investment capital and short on time? Or you just don't know what you don't know.
The tax advantages of operating a home business can save your family thousands of dollars every year EVEN IF YOUR HOME BUSINESS DOESN'T MAKE ANY PROFIT.
That's right, you can make money without making money! There are thousands of excellent home business options that cost little or nothing to start.
If you need inspiration, enter "network marketing business ventures" in a Google search.
1) HIRE YOUR CHILDREN: Give your children a legitimate job in your business.
They can do research, print fliers, sort mail, or whatever other age appropriate task you can give them.
You can put your child on your payroll TAX FREE to both you and your child.
You merely have to limit their income to an amount around $5,000 annually.
The catch is that you really have to pay them, but then it will be their responsibility to buy trendy shoes, purchase special food treats, pay for transportation, school tuition, and ballet, et cetera.
We're not suggesting they begin paying for their normal care, but many extras they want in life can become their own responsibility.
2) NEVER GO ON ANOTHER VACATION: Every time you get more than 75 miles from home, you could legally be on a business trip.
Make sure you do business though.
If you have invested in a network marketing business, surely, there must be some people at Disney World or Universal Studios who would love to know about this unique business opportunity.
3) STOP RUNNING ERRANDS IN YOUR CAR: If you need to go to the store, do something business-related and write off each mile used in the course of your business.
Maybe you are running low on toilet paper for your business office or maybe you need to pick up a few more leads off the bulletin board at the local grocery store.
4) GIVE UP YOUR PERSONAL CELL PHONE: It is now your business phone, so make sure to use it when doing business.
There may be some catches with this deduction like, do you have a personal phone number at home? If you don't then surely your cell phone is used for personal use.
5) TURN YOUR GUEST ROOM INTO A BUSINESS CENTER: Now that you have an office at home, make sure you have got gas, electricity, lawn service, a supply of coffee, and someone to pay a rental payment to.
You will want to make sure it is used for business, however.
Even if you operate another business there are advantages to operating a separate, maybe even similar, home business for financial tax benefits.
Much like a distribution company would lease trucks to themselves from a side company for certain tax deductions which become advantageous to their situation.
Both companies owned by the same individuals of course.
This is information just at the tip of the iceberg.
The advantages of owning and operating a home business are far too numerous to mention in this article.
Even if you have no idea what to do at this point, let me assure you that there is a network marketing company with a product or service that you would love to let other people know about that is waiting for the opportunity to change your life.
Go find it, and then tell Uncle Sam that he's not getting quite as big of a gift this year in April.

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