Are You Taking ALL Your Tax Deductions?

By Kay Green,
Copyright 2003-2013

Many businesses owners do not take all the tax deductions they can - costing
them money is taxes. Most business owners over pay their business taxes

1. Home Office Expense - you can usually deduct space for your office (especially inventory storage) including utility, mortgage interest, insurance, phone, ISP

2. Mileage - 36 cents a mile for business miles. Plan wisely! Do business errands every time you are doing other driving. Give out coupon packs on every trip.

3. Hire your children - You can pay up to $4400 per child (over age 7) for doing business chores for you, and it is not taxable for them if they have no other income.

4. Equipment - new rule last year lets you do a straight write off on $24,000 equipment, computers, furniture in the year purchased even if financed.

5. Medical Expenses - 100% write off for small business owners. Most miss this. Set it up as an employee benefit for you, your spouse, and your children that work for you.

6. All cost of business - printing, postage, office supplies, advertising, education, books, resources, ISP, web page cost, etc.

Be sure to keep records:
who, what, where, when, why in your day timer

IRS wants to see you pursue profit. Look like a business. Have a business
license. Advertise. Have business cards. Use your business name. Get a
separate business checking account and credit card.

Make sure you write off everything you can this year and keep more income
for your family!

RECOMMENDED: Are you looking for a work from home company you can trust. I will not endorse a company that I have not used and participated in. I am happy to recommend the Send out Card Company! In fact. I joined them. If you would like to see what they are about go to and watch a 3 minute video and then send out 2 cards on me. Then go to and watch the video on the opportunity! Let let me know if I can answer your questions. In fact this business is a perfect addition to another business. Use it to contact your customers/clients.

FREE Printer / Business Resources / Take Credit Cards

Kay & Haley Green

Articles written by Kay Green, Child Safety Expert, and Christian mom to Melissa 30 (married to Matthew), Jordan 27 (married to Katie), Allison 25, Haley 12. Kay and Russell, her husband of 33 years live in rural Oregon.

Kay's first granddaughter Madison Kay was born December 2006. Twin grandsons Micah & Mason were born May 2009. Granddaughter Emma Kate was born in September 2010. Child Safety, Cloth Diaper & Baby Gear Store Author and Family Site Helping others build businesses
Kay has also joined Send Out Cards - A Greeting Card Business

COPYRIGHT 2000-2013 My Precious Kid,  Kay Green.
All rights reserved. Reprinting is only with this author's box and copyright intact.