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For any individual your largest expense are your taxes. One of the best ways to pay less tax honestly is to have a home business. When you are only being paid by wages and salaries you virtually have no tax deductions. If you have a legitimate business you can take advantage of a wealth of tax deductions which can reduce your taxes by $5 Black Nolan Arenado Jersey ,000 to $15,000 or more per year.

Here are 7 strategies that you can take advantage of if you have a home business.

(I am not a tax accountant. Before using any of these strategies please seek the advice of your tax accountant.)

1) HOME OFFICE DEDUCTIONS - For a while there was talk that taking home office deductions raised a red flag. As long as your business is legitimate and you designate an area for your home office you are okay. With that you can deduct expenses that you incur in the course of doing business. You can deduct office furniture like file cabinets, desks, office decorating and even office cleaning. You can also deduct rent Black Trevor Story Jersey , utilities, insurance, property taxes, supplies Black Charlie Blackmon Jersey , phones, and repairs made to the office area of your home.

2) EDUCATION - You and your employees of your home based business can deduct 100% of the cost of any education they receive up to $5,200.

3) AUTOMOBILE - You can deduct your mileage when traveling for your home based business. Keep a log of your mileage and what you vehicle was being used for.

4) TRAVEL AND VACATIONS - You can deduct the majority of any trip if you can link it to your business. The catch is you have to be doing business on the first and last day of your trip. Keep all receipts and document what you are doing for business.

5) ENTERTAINMENT AND MEALS - You can deduct any 50% of meals that are being used for your business. Whether it is entertaining a prospect or making a sales presentation. If you have a business party at your home, you can deduct the entire cost of the party. Make sure the party is for a business purpose and document it well.

6) MEDICAL REIMBURSEMENT PLAN - You can deduct 100% of medical expenses Black Daniel Murphy Jersey , even some of those that are normally not covered by some traditional medical plans. These include chiropractic care, vitamins, supplements, deductibles and co-payments.

7) BUSINESS GIFTS - You can deduct business gifts up to $25 per person each year. If you are giving a gift to a business and do not designate who the gift is for Black Carlos Gonzalez Jersey , there is no limit.

You need to properly document your business expenses from your personal expenses. If you are using credit cards you either get a card in your business name or designate one card for business purposes only.

My best advice for any person is to find a qualified tax strategist and make sure you are taking advantage of all the deductions that are possible for you and your business. My guess is that you are going to be pleasantly surprised at how much money having a home business will save you in paying your taxes. Inciteful Insight: * Children may be better teachers about our career than graduate degree professors. From infancy thru teenagerism, our children give us great tidbits which can be useful in our own career development. The method to discover their teachings used to be written on railroad crossings. Stop, Look and Listen. The following are some samples of what you may learn when you stop, look and listen to your kids.

* Inciteful is spelled intentionally to mean to urge one into action.

10. Work will go on without us.
If you have ever missed work in order to care for a sick child Todd Helton Jersey , attend a school event, or just go fishing or shopping, you know the work you missed was somehow done. I know I now wish I had tested this teaching more frequently.

9. Pace yourself.
Go for 8 or 10 or 12 hours at a hundred and ten per cent, arrive home and then just try to give five minutes at seventy five per cent to an excited child. For some reason Nolan Arenado Jersey , that little person who considers you a hero, God and desirable wants all of you until bedtime! Kids will attempt to teach you to save energy so you can make a sprint to the finish at the end of the day or week.

8. You are the most important person who works there.
My Dad was a Methodist minister for 50 years. I came along towards the end of that career. He knew God was the most important person, closely followed by the janitor, chairman of the board and all of the other members of the church. He was last in line. When I first began to remember at about 5 thru about age 49 when he died Trevor Story Jersey , I always thought he was the most important person who worked there. Not even the Bishop could come close!

7. Success is often in direct proportion to attention given.
Children try to teach us that lots of attention creates success. I was one who figured out that lots of attention given to a career made it possible to climb the ladder of success quickly. Eventually, my kids and wife taught me the value of balancing career and family, or should I say I finally learned what they tried to teach me all along!

6. Giving honor comes easy with respect.
When my kids were young, they had great respect for their Mom and Dad. They gave us honor easily and frequently with drawings for the refrigerator and stories from books and their imaginations. When we respect our boss Charlie Blackmon Jersey , our employees, our fellow workers, our customers and suppliers, it is much easier to say "Thank You!" All we need to do is let them earn our respect and be respectful.

5. Humor is a serious asset.
Raising kids is serious business. Luckily Daniel Murphy Jersey , kids usually provide ample opportunity for parents to be humored by their antics, struggles and successes. Add a little humor along the career track and you may even find yourself drawing a Dilbert cartoon!

4. Two heads are better than one.
Take on a kid one on one and you have your work cut out for you! Include your spous. Wholesale Jerseys From China Wholesale Jerseys From China Cheap Jerseys Free Shipping Cheap Jerseys Wholesale Cheap NFL Jerseys Cheap NBA Hoodies Cheap Authentic NFL Jerseys Wholesale Jerseys Wholesale Jerseys China Wholesale NFL Jerseys China