Need help finding side jobs? Racooda.com might be a good start.
Save money on your taxes with a home business!
By Doris Dobkins
I'm busy enough! I don't have time to start a business!
What good would it do me anyway?
Well, having your own business is one of the best ways to save money on taxes. Considering that at tax time, many of you pay your government all your wages from January to May, you might be interested in this topic. (Please note that this advice is based on the US tax code. If you live elsewhere, your mileage may vary.)
Consider this example.
If you work for someone else (as in a JOB), your finances flow somewhat like this:
1. Earn the money
2. Pay Taxes
3. Spend the money
When you have your own business or corporation, you:
1. Earn the money
2. Spend the money
3. Pay Taxes on what's left
Do you see the difference here?...read more
Subscribe to:
Post Comments (Atom)
1 comment:
very cool
Post a Comment