December is the very best time of year to invest in a business as you get to write off your inventory purchase against your taxes.
You can also write off the products as samples throughout the year so imagine you can write off your weight loss!
How would you like to turn your personal expenses into business expenses.
• $20,000 per year =
- $4845 in taxes non deductible
- $1530 in CPP SS non deductible
- $1100 in gas non deductible 10 miles per day
- $6250 daycare non deductible $125 p/w
- $1250 for meals at work non deductible $7.00 p/d
- $1200 dry cleaning etc non deductible
- TAKE HOME PAY - $1,113.00 per year!
- $110.00 per month to put up with a BOSS
Tax benefits of a home based business
- Tax Benefits – You can use these tax savings:
- A portion of your rent or mortgage
- A portion of your mortgage interest
- A portion of your utilities and insurance All of your internet connection bill
- All of your cell phone bill
- All of your computer, printers, modems & software
- Your product use as samples
- The cost of up to 3 cars through your home business
- The cost of medical, dental, care for you, your spouse and your kids. (Self insured Med plan -reimburse your kids for expense as their employer, employee fringe benefit)
- Most of the cost of your family vacation by combining your vacation with business activities
- The cost of university or college tuition for your kids By hiring them in your business, pay them same cost of their tuition
Learn more about owning a business that will help you lose weight, live healthier, earn extra money and you write off your inventory against your taxes.
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