Owning your own home-based business, even if you run it part time, can be the single best financial decision you can make.
How much did you pay in taxes this year? A deduction helps save you money on taxes at the end of the year. Think about these tax saving benefits:
So why does the government give you these tax breaks for running your own homebased business? Simple, America is the land of opportunity and small business is responsible for 70% of the growth of our economy. It also drives innovation.
Give your accountant well organized information so that they can analyze the data quickly and then spend their time looking at ways to lower your taxes.
Educate yourself. Tax reduction is a team sport. In many ways you should be driving the discussion with your tax professional and they will help guide you to strategies.
After all you are the one that knows what is going on in your business.
I love supporting small business so tell me – What’s your side hustle?