Expedited Wealth Building through Effective Personal Finance, Entrepreneurship, & Internet Marketing
From the category archives:
One of the bonuses you get entitlement to as a home based business owner is non reimbursable medical expense deductions through a medical expense reimbursement account for your spouse and children. Deducting medical expenses is usually not permissible, unless the expenses exceed a certain amount of a tax filers adjustable gross income. This threshold usually [...]
{ 4 comments }
The vehicle deduction is one of the many tax deductions available to business owners, whether you own a business full time or just on the side. If you have claimed the vehicle deduction before, chances are you have claimed it in terms of mileage driven for business purposes. Most business owners opt for this route. [...]
{ 13 comments }
Paying a good CPA for their services will make you wealthier, and I will prove it to you. You might have done your own taxes when you worked part time in high school or college, and even later as you had your first job. Maybe you still do them today? But if you are not [...]
{ 10 comments }
Couple months back I wrote about paying self employment taxes if you are making money from a full or part time gig outside your employment. Another important point of discussion is filing IRS tax form 1099 reporting for services you paid for during the tax year. If you paid anyone at least $600 during the [...]
{ 13 comments }
Tax filing will be here again before you know it. I am hoping you find this brief on self employment taxes beneficial. In addition to being subject to income taxes, the income you earn from your side businesses are also subject to self employment taxes. If you are running a website or blog with a [...]
{ 11 comments }
Subscribe & get a FREE copy of my report
“How To Make a $1,000 Residual Income Stream in Just 180 Days!” - All in your spare time!
