Tax Advantages of Owning Your Own Business

27 Dec

There is a story I would like to share about a husband and wife making $40,000 a year. The husband asks the wife to get a second job. Okay, so she finds a another job, part time that pays her $20,000 a year. WOO HOO! $60,000 a year! Well, that is what they thought until they looked at their bank account and they saw no difference.

Let’s look at the break down when this couple examined their finances. Working for someone does not pay off.

Unemployment Taxes- non deductible
Social Security- non deductible
New clothes for this job- non deductible
Lunches @ $7 a day (Burger King most likely)
Gas and mileage on the car back and forth 10 miles each way (being conservative)- non deductible
Working extra hours- Time taken away from family- can’t make time up.
Eating out more.

The couple ended up with a little over $900.00 for the year!!!

The Federal Govt. sets up tax breaks for small business. Working for yourself; if set up correctly; you can deduct part of your house, your clothes, gas, mileage, take vacations when you want to, dinners, office supplies and so much more.

Listen to an amazing call @ 1-888-888-9802 X 93062# that I have set in place that explains into greater detail the advantages of owning your own business. It is about a 2-3 minute call. You would be brain dead if you didn’t.

Leave a message and I will contact you with the right opportunity for you.

So the next time you are thinking of getting another part time job. Think again. A small monetary investment can rake in hundreds to thousands if you are willing to make it happen. It is all up to Y-O-U.

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