So Entrepreneur Do You Have Your Annual List Of Tax Deductions Yet?
(Five Legal Ways To Maximize Uncle Sam’s Kindness?)
While you’re enjoying this festive holiday season, you “know” what’s right around the corner right? Which means, it probably wouldn’t hurt a bit of you got the jump on assembling your annual list of tax deductions. Don’t you agree?
Yes, every small business owner and or service provider knows all too well, the pain of having to fill out “what” seems like a sea of endless forms and scrambling (at the last second) to gather all of the years receipts, and trying to take advantage of every legal tax saving strategy before the clock strikes twelve on April 15th!
Ah such fond memories! That said, here is a short list of five potential legal deductions, that sometimes during all of chaos, are easy to overlook!
Don’t Overlook This List Of tax Deductions!
(Unless You Really Want Your Uncle To Keep More Of Your Hard Earned Money!)
Hey, nobodies suggesting this entire process (can’t at times) be a royal pain in the neck! No, instead by merely applying a little creative due diligence, you’ll be able to legally retain more of your hard earned dollars!
So take a look at this short list of five potential legal miscellaneous itemized tax deductions.
1.) Potential legal deduction # one: Don’t forget that if at least part of the time you use (either) your PC (Personal computer) and or cell phone, for some type of legitimate business endeavor. You probably have earned the legal right to filing it on your tax form!
Yea, it seems pretty obvious, but you’d be more than surprised!
2.) Potential legal deduction # two: Are you self employed? If so, guess what? You may be able to legally deduct the tax preparations fees! (But check with your neighborhood legal professional first!)
3.) Potential legal deduction # three: Sometimes (believe it or not), if you purchase certain clean fuel cars, such as hybrid, you may be able to part of or all of the cost.
4.) Potential legal deduction # four: Believe it or not, trying to get and keep your financial house in order, may allow you to legally deduct some or all of your financial planning fees!
5.) Potential legal deduction # five: Hopefully your home (sweet) home wasn’t struck by some type of natural disaster was it? If so, and you received some type of federal aid. You just might be entitled to some type of deduction for any uninsured cost you may have incurred, while trying to put your life back together.
Of course it’s best to consult with your financial planning professional. but in any event entrepreneur, there’s your legal list of tax deductions, that while you may not be able to legally deduct them all every year!
It would be nice, if you could at least deduct some of them at least once! any questions?
Please list at least two simple spin off concepts (in the comments section below) that you can apply to your business, product or service in the next 30 days or less!
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