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Sparks Team AMSOIL Training Call for Monday September 23rd, 2013.
Talking about tax planning this week.
The tax advantages of having a home business like AMSOIL / AGGRAND
Getting your home business deductions in order.
Why should you have a home business?
We use an app to track our business expenses called Hurdlr
- Treat your AMSOIL Business like a business and not a Hobby.
- Keep good records
- Word at your business regularly
- Working on the internet is working at your business
- Get advice from experts
- One of your largest deductions for your AMSOIL business is your car mileage. Keep good records
- Changing your mindset to maximize your tax deductions
- Incorporate your hobby into you business
- Car Shows
- Fishing
- Racing
- Home office deduction could be worth over $3,000 in cash in your pocket
- Home office must be exclusive
- Keep good records
- Work in your home office regularly
- Giving gifts
- Convention and seminar tips
Have a listen to this great call and get more efficient with your home based business tax deductions.