I know you can save tax receipts for personal tax use against business related spending ... But there ARE more tax strategies available for someone who is incorporated, or is an LLC.
It is one of the benefits. I've been doing it since 1998 now. My taxes are substantially lower as a business than if I'd done it the private route. I am not an accountant though, and I would urge everyone to seek the advice of a professional accountant as it their job to read the new tax laws that come out every year. Cheers, Erika >>| -----Original Message----- >>| From: Raymond Camden [mailto:[EMAIL PROTECTED] >>| Sent: Monday, June 16, 2003 3:20 PM >>| To: CF-Community >>| Subject: RE: Home Business was(RE: Microsoft ActionPack >>| Subscription (with cou pon....)) >>| >>| >>| Eh? I get tax benefits w/o being a "real" business? I just >>| save all my >>| business related receipts and it helps cut the tax I owe on contract >>| earnings. >>| >>| -rc >>| >>| > -----Original Message----- >>| > From: Erika L. Walker-Arnold [mailto:[EMAIL PROTECTED] >>| > Sent: Monday, June 16, 2003 8:18 AM >>| > To: CF-Community >>| > Subject: RE: Home Business was(RE: Microsoft ActionPack >>| > Subscription (with cou pon....)) >>| > >>| > >>| > Well, one of the biggest benefits is tax deductions for all >>| > sorts of things ... But this also means more paperwork, and >>| > possibly hiring an accountant as it can get hairy. So it's a >>| > pro/con type of thing to do. If it's just side jobs, might >>| > not make any differnce in the long run ... If it's your sole >>| > source of income ... You may want to look into something formal. >>| > >>| > There are SO MANY sites on the net just BURSTING with info >>| > for small businesses. If y'all have a couple of hours to kill >>| > it's a good google search. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Archives: http://www.houseoffusion.com/cf_lists/index.cfm?forumid=5 Subscription: http://www.houseoffusion.com/cf_lists/index.cfm?method=subscribe&forumid=5 This list and all House of Fusion resources hosted by CFHosting.com. The place for dependable ColdFusion Hosting. http://www.cfhosting.com Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
