DISCLAIMER: All efforts have been made to ensure the accuracy of the information enclosed. We cannot legally provide tax advice and therefore advise you to consult with your Tax attorney, CPA, or tax preparer for tax advice.
Did you know that in the US, Canada and some other countries, Governments offer valuable tax incentives to new and existing business owners because it helps stimulate the economy by creating more jobs? You can start your own business and hire yourself and your family members as employees!
This is literally a legal loophole that anyone can benefit from. Secure your financial future and register your business, be your own boss by becoming your own employee and pay yourself a small salary while living like a king off your own company’s expense account!!!
In addition to the valuable personal tax benefits you will enjoy by becoming a business owner and your own employee there are exciting perks!
Here are some examples of some common tax deductions.
- Automobile Expenses
- Insurance
- Office Expenses
- Mortgage Interest & Property Taxes
- Business Travel Expenses
(If you share your business opportunity with others where permitted while away on vacation, it may be considered a business trip if you keep detailed records.) - Other Business-Use-of-Home Expenses
Some of the most common of these are:
- Heat
- Lights
- Water
- Maintenance
- Cleaning materials
- Telephone
- Internet connection
BEING YOUR OWN BOSS… can save YOU $1000’s and YOU CAN LIVE LIKE A KING!
As the story goes… “A dollar saved is a dollar earned” so it may be well worth your time to fully explore emerging work from anywhere opportunities.
United States of America
Small Business/Self-Employed Virtual Small Business Tax Workshop
Business Use of Your Home IRS Publication 587
15 Free IRS Publications for Business
Canada
Government of Canada – Starting a Business
Videos and recorded webinars for businesses
Government of Canada On-line Tools & Calculators
6 Home Based Business Tax Deductions You Don’t Want to Miss
BIZ START-UP HELP
Canada Business Development Bank
International – Simply visit Google and perform a search including your ‘Country’ + ‘Business Tax Law’ or your “Country’ + ‘How to register a business’ etc. to reference your local Federal and State Business Taxation information.
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