***If you’re sick of giving 35-55% of every dollar you earn to the government, then you truly need to read this***
Did you know that having and developing your own Network Marketing business can be a viable and legal way to save you potentially thousands of dollars in taxes every year even if you have a regular day job?
Click Here to Secure a Huge Tax Refund
This is money you can use to put back into your business, buy gasoline, put your child in dance or gymnastics, buy a new car, pay for a child’s education, give to charity, take a great vacation with your family or buy your spouse a great gift. It’s yours to spend or invest as you see fit and the deductions can be plenty and are completely legal in every state or province. In fact the government wants your small business to succeed. On their website there are many tools to help you and guide you.
The more unstable our economy, the more people are pursuing Network Marketing as a spare time, part time or even a full time business. Why? Because Network Marketing can potentially provide that extra $300 – $500 a month to put that gas in the car and pay the utility bills. It is a fact; historically Network Marketing businesses grow rapidly as the economy deteriorates. What you can potentially earn is exciting, but what you can potentially save on taxes is even more inviting.
The Ultimate Tax Saving Strategy Is For You To Start Your Own Network Marketing Business
When you join a Network Marketing company, you have essentially started a business. Now that you have your own business, all of the expenses associated with running that business become tax deductible.
What Is Deductible by a Network Marketing Distributor?
- When you discuss business at lunch or dinner with potential customers, customers, potential distributors and/or distributors even friends your meal could be 50% tax deductible. For that matter, so are theater and sports event tickets, and other expenses relating to entertainment focused on building relationships with these people. (Remember, by definition, everyone is a prospective customers or distributor of your Network Marketing Business!)
- Automobile mileage is deductible between your home-based business office and any meeting where business is being discussed, such as the meals in a restaurant as mentioned above, or an opportunity presentation or even playing golf with friends who could be prospective customers or distributors!
- You can also deduct the percentage of expenses associated with your car or cars that is used in business such as car insurance, car property taxes, car payments and interest, mileage or gas and oil expenses, repairs, tires, car washes. If you work n 8-5 job you can’t deduct any of these things.
- Travel and parking is deductible, be it to an industrial center, a home, a meeting place or an island resort, especially if the purpose is to discuss business or attend trainings with other travelers, or prospective customers or distributors.
- If you take your spouse his/her travel expenses can also be deductible if their presence is helpful in assisting or closing sales.
- You can also deduct wages paid to your children for help in the business – and if those children are under 14 and have no other sources of income, all wages under $4,000 per year maybe tax free. It’s a great way to help save for college with help from the Government.
- Home computers, laptop computers, printers, I-pods, internet services, business cards, materials for your business, flyers, newspapers, magazines, fax machines, telephones, certain membership dues, office supplies, and office furniture used in business are also potentially fully tax deductible and there is much more. You can even deduct some of the products if you use them as samples or use the empty bottles as displays in your presentations.
Other Deductions Could Be…
- Attend basketball games all year and invited friends, talked about my business. Cost for tickets = $600.
- Lunch/dinners with co-workers and prospective customers or distributor where you discuss business! Deductible business expenses, $3,000 x 50 percent deductible = $1,500.
- Travel expenses for you and spouse to go on vacation, if you hold opportunity meetings or give presentations or had out flyers (could be to the friends you are visiting) and your spouse participates = $3,000 x 50 percent deductible = $1,500.
- Home office deduction for use of room in your house; where you operate your business. Payment is $1,400 per month x potentially 20 percent deductible = $280 per month x 12 months = $3,360 (plus you may be able to deduct 20% of utilities, insurance, improvements, repairs, garbage removal, water, sewer, property taxes and much more)
- Automobile mileage from home office to your day job or other places where you actively encounter prospective customers or distributors and then actively discuss the product or the business with them! (20 miles round trip to work x 250 days x 35 cents/mile) Anywhere you travel and you discuss business and document it … enables you to potentially deduct the expenses involved, including mileage = $2,700.
- Tax-free wages for two of your children without other jobs who assist you in your Home-Based Business (2 children x $4,000 per year paid to savings accounts for college, service missions, weddings, etc.) = $8,000
- Health insurance expenses for your family (Spouse is an employee of your home-based business, who chooses to include you and the children in the plan — $350/month time 12 months) = $4,200.
That’s potentially $21,860 total tax-deductible expenses x 35% combined Federal and State/Provincial tax rate = $7,651.00 cash refund after April 15th!
The government’s only requirement for you to have these deductions is that you legitimately treat your Network Marketing business as a business and not a hobby. (That means regularly working your business with the intent to make a profit even though you may not have made a profit.)
The cost to start a Network Marketing Business vary, but with my particular opportunity you can get started today for less than $300, and instantly qualify for a ton of tax deductions that could amount to thousands of dollars on your next tax return.
READY TO GET YOUR HUGE TAX RETURN ?
CLICK HERE TO GET STARTED!
Please note that I am not a tax advisor and that tax rules and rates vary from State to State and Province to Province. Please contact your tax advisor to discover what tax advantages you qualify for.
The more unstable our economy, the more people are pursuing Network Marketing as a spare time, part time or even a full time business. Why? Because Network Marketing can potentially provide that extra $300 – $500 a month to put that gas in the car and pay the utility bills. It is a fact; historically Network Marketing businesses grow rapidly as the economy deteriorates. What you can potentially earn is indeed exciting but what you can potentially save on taxes is even more inviting.









{ 2 comments… read them below or add one }
Dawn,
You make some valid points here. Owning your own business is the best way to escape the clutches of good ‘ole Uncle Sam.
Have a great day!
Anne
Hey Anne, thanks for stopping by! I agree – if you don’t learn to work the system, the system is gonna work you…
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