Tax Write-Offs: How Pure Energy Will Pay For Itself
Being a business owner, even a home-based business owner, has huge advantages for tax write-offs. Pure Energy Club has a minimal monthly expense but did you ever think you could write that off? Here is a list of several expenses you are incurring right now. Once you join Pure Energy Club all of these expenses will become legitimate tax deductions that will actually save you money. Start saving your receipts now on the following items:
Business use of your car or truck
This includes payments, repairs, maintenance, insurance and gas. If you do not write-off your gas use keep track of the miles. Currently the IRS is letting you deduct $0.50 per mile so keep track. I highly recommend getting a gas card that can be used in and out of state and is accepted at major gas stations (Chevron, Shell, etc.)
Marketing tools and office supplies
Pretty much every thing you need to run your home office to properly build your business is now tax deductible. Your computer, mouse, earphones, printer paper, ink (which is getting pretty expensive), business supplies, iPod, video camera and I suppose the new flat screen LCD television that you plug your laptop into for presentations.
Portions of your rent, mortgage, home-maintenance and repairs
The IRS wants you to have a designated room or part of your house that is used for Pure Energy Club. Determine what percent of your home-office is of your entire home’s sqft. That percentage can be used to figure what % of your mortgage, utilities, and repairs can be a deductible.
Write off a portion of your utilities
A portion of your gas, electric, water, sewer, garbage and other utilities can be a tax-deductible business expense. Use the same percent.
Hire your kids to work in your business
Don’t pay your children an allowance – Teach them while they are young the value of hard work and the benefits of owning a home-based business. If you hire them to work for you, you can deduct what you pay them as a business expense. The best part is if they are under 18, some or all of the income they receive is non-taxable so they get to keep everything they earn.
Cell phones, Home phone, fax, Internet, etc.
Write off the business use portion of your home and/or mobile phone, as well as your internet service. Or, you could always just get a second line specifically for your business. If your spouse or children are doing stuff for your Pure Energy Club membership their cell phone bills are a write-off.
Gifts, meals, recreation and entertainment expenses
Turn your next Pure Energy Club lunch or dinner meeting into a tax deductible business expense. Are you inviting people over for a taste testing party at your house? Well, order some pizza’s or whatever – it’s a write-off.
Non-reimbursed medical and health care expenses
Anything your employer does not cover could be covered by your home-based business.
Computers, furniture, furnishings, and other office equipment
Desks, chairs, copy machine, fax machines, laptops, printers are all tax-deductible business expenses.
Business travel that may include a family vacation
Go on a business trip and stay a few extra days and relax with your spouse and the rest of the family.
Meetings and conventions
These can be local, out of state, or in another country as long as they are ordinary and necessary for your Pure Energy Club business.
Plus many more business costs and expenses
This is a very short list of the many business deductions available to you when you start and operate a Pure Energy Club membership with the intent to make profit.
