Articles of Interest

Home Business Owners - Reap the Rewards!

Home Business Owners-You Need to Know About Taxes in Order to Save Money!

It’s a fact most tax preparers are not informed as to Home-Based Internet marketing.

There are no central updates that tax preparers, CPA’s or accountants get that informs them of EVERY tax change. General tax laws are updated but the “obscure” tax laws must be actively sought out.

Tax preparers and CPA’s can’t know every tax law and how to take advantage of it. They focus on what the majority of their clients need.

It’s a fact that Internet marketing is a whole new world to Income Tax Preparers and CPA’s.

If you’re an Internet Marketer you know how it is telling a “normal” person about your Internet Business. They look at you and don’t understand a thing you’re talking about.

Try telling your tax preparer about you Internet Business!

Chances are they will tell you that you are not allowed this or that because THEY don’t really know!

Heck, the Internet Marketing business is even new to the IRS agents helping taxpayers prepare returns!

YOU will have to educate them as to what a Home-Based Internet business Owner is allowed to deduct.

In 2003 new tax laws were passed that greatly benefits Home-Based businesses. The government is encouraging people to create and run Home-Based businesses. A great break for Internet Marketers!

It is to YOUR benefit to learn about these new laws plus others that your tax preparer may have missed in previous years.

The bottom line...What your Income Tax Preparer/CPA doesn’t know could possibly be costing you thousands of dollars.

Because the government is giving tax relief to Home-Based Business it is in your best interest to actively seek out information about how those tax laws benefit YOU.

Tax dollars saved equals money in your pocket.

Sandy Botkin, former IRS tax attorney, CPA and founder of TRI recently said: “Every North American tax payer who works a full-time job and does not have a side business is probably overpaying taxes to the tune of $3,000 to $9,000 every year! Even self-employed people who DO have businesses are collectively overpaying their taxes as a result of lack of tax knowledge to the tune of $160 billion annually.”

If you don’t want to overpay your taxes YOU must take control and actively learn what you are allowed to deduct.

You can understand the new laws and how they effect your business deductions. You don’t need to know the law you just need to know what is available to you so you can educate your Tax Preparer.

Taking an active interest in your income tax will result in tax savings....guaranteed. And tax savings puts money in YOUR pocket.

By Karin Russell A 33 year veteran Home-Based Business owner who specializes in Tax Preparation for Home-Based businesses.

Tax Material Disclaimer
While all attempts have been made to verify information provided in this publication, neither the Author nor the Publisher assumes any responsibility for errors, inaccuracies or omissions. Any slights of people or organizations are unintentional.

Neither the Publisher nor the Author is rendering tax, legal, accounting, or other professional advice. Tax strategies and techniques depend on an individual's facts and circumstances; accordingly, the information presented in this material must be integrated with the individual's tax situation to establish applicability. Moreover, because of the complexity of the tax laws, the constant changes resulting from new developments, and the necessity of determining appropriateness to a particular taxpayer or business entity, it is important that professional advice be sought before implementing the tax ideas presented in the material.

Special Requirements For Reprint: Article may be freely reprinted in your ezine, in your e-book and/or on your web site with the authors resource box included and without any changes.