Monday, June 30, 2008

Saving Through Your Home Business Part 4

Saving Through Your Home Business Part 4
Copyright Francina Smit
http://www.InHouseDollars.com

Still working your JOB and are maybe considering starting YOB? As an employee, you end up paying more in taxes and have even considered working a second job to help make ends meet. Today many households need three incomes just to survive. You work a full-time job, but don't have enough tax deductions at the end of the year like Home Business owners. You wonder how they can afford to drive such large gas guzzlers, not realizing that the government pays a significant portion of their fuel expenses because they keep records of their business mileage and apply the 47 cents a mile tax deduction (2007 tax rate)!

Here are a few things you may want to consider:

1. Businesses are eligible for tax credits for buying hybrid vehicles, for building energy- efficient buildings, and for improving the energy efficiency of commercial buildings (as outlined in the Energy Policy Act of 2005). ENERGY STAR has a web site with energy savings information for small facilities. This web site includes a small business hotline support page to provide technical support to questions regarding the ENERGY STAR program, and to inquiries that will help small businesses and congregations improve the energy efficiency of their facilities.
2. As a Small Business owner you can deduct, with proper documentation, your house, your spouse and even children (by hiring them), your business vacations, cars, and meals with colleagues.
3. If your home-based business produces a tax loss in the first year or so, you can use that tax loss against any other income you have. You can buy Home Business tax software programs that will actually help you MAXIMIZE your home business tax deductions.

When starting your own Home Business you need to learn exactly what tax breaks are available to home-business owners and the easiest ways to qualify for each of the tax breaks. Simple record keeping systems can bullet-proof your Tax Returns and make sure you get reliable professional tax help when you need it.

About the Author:
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To find the best Christian Business From Home ideas and
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Labels: business opportunities, Christian Business from home, home business, Work from home

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Feature Article: Make the Leap to Home Based Business Success
Copyright © Stone Evans, The Home Biz Guy
http://www.PlugInProfitSite.com/main-21256

Before you can have a successful home based business, you must first possess 3 "intangibles." These are things that must come from WITHIN you.

 ===> Intangible 1 <===

First, you must have a strong WHY.

Why MUST you have a successful home business? What is driving you? What is it that you CAN'T have in your life anymore and/or what is it that you absolutely MUST HAVE now?

For me, I couldn't stand working 12+ hours a day anymore and missing the experience of my children growing up. I also absolutely HAD TO HAVE the freedom of being able to control my life and finances through a little box (laptop computer) that I could carry with me anywhere in the world and not be tied to anyone's time pressures or demands but my own. That was my carrot and my stick. I felt a great pain deep in my gut of missing out on my children's lives and the incredible freedom that succeeding in a home based business would provide for me. I found my why. You MUST find yours.

===> Intangible 2 <===

You must BELIEVE that it is possible.

If you don't believe that it's POSSIBLE for you to have a successful home based business or make your living from home, you won't. It's that simple.

For me, figuring out that it was possible was just a matter of realizing that many other people were ALREADY making great money working from home. If they could do it, I could too. It would just be a matter of figuring out what those people were doing and then adapting it to my situation.

There is no shortage of undeniable PROOF that people (millions of them) are making money working from home. Just get online and do some research and you'll find countless testimonials and stories of REAL PEOPLE making real money on the Internet. Or head to your local bookstore and you'll find the same documented evidence of this fact. Truth is, it's getting easier and easier to make money with your own home based business.

I've always said that "affiliate marketing" (a simple way to make money from home) is the job of the future. In the "old" days, you had to go to a potential employer, apply for the position and hope for the best. Now you can simply go to any company you want, fill out their affiliate application and start work immediately. Affiliates are the new working class. In fact, making money with affiliate programs or making your living on the Internet is WAY MORE than possible. It is pretty much (or will be soon enough) unavoidable now. Affiliate marketing is the "job" of the future that's already here TODAY.

===> Intangible 3 <===

You must be willing to MAKE THE LEAP.

Ready, FIRE, then aim... This is the operating philosophy you MUST adopt to succeed with a home based business.

That's backwards for most people who like to aim before they fire. The fact is that home based business success is a moving target... The only thing constant about it is change. You need to stop analyzing the game and simply jump into it. You can't learn from the outside... You have to be IN THE RING to truly understand it.

The lesson here is that you will never really be READY to start a home based business. You simply have to start one. It's like having children... You're never really ready, but when it happens you adapt and grow. This is what I call "Making the Leap."

The good news is that the cost of failure with having your own home based business is very small. In the "brick and mortar" world you need to evaluate things very carefully before you decide to open up a business. It's almost always necessary to invest thousands of dollars to get an offline business off the ground. However, on the Internet you can often start a successful business for less than $100. The Plug-In Profit Site is a great example of this: http://www.PlugInProfitSite.com/main-21256

You simply need to get IN THE GAME... Each moment that you stay "out there," you're wasting valuable time that you could be learning and skills necessary to build a successful home based business. In fact, if you're not in the game yet, you're ALREADY behind the times. Make the leap to creating a successful home based business today!

About the Author:

Stone Evans, The Home Biz Guy has helped thousands of people in over 200 countries around the world start and run a successful home business. Discover 3 easy steps to start your own home business and subscribe to The Home Biz Guy's FREE Home Business Secrets Mini-Course at: http://www.PlugInProfitSite.com/main-21256

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