How much have you accrued in legitimate business deductions so far this year?
Typical Real Life Business Deductions Example:
Let’s assume in the last twenty days that you learned how to turn almost every car trip into a legitimate mileage deduction using One80‘s Taxbot app. You then tracked the 20 miles a day, for business, at 53.5 cents per mile (source: IRS) which equals a $214 deduction!
Let’s also assume that you learned how to turn almost every meal into a business deduction, and had 10 tax deductible meals at an average of $30 each, with a 50% deduction, which equals a $150 deduction! Those savings are starting to add up!!
Lastly, let’s say you also found an extra $400 in general deductions from running a home based detox tea business from your home office.
That means in only 20 days you found $764 in deductions! (This is very typical when having a side business run out of a home office).
What’s more, you also now have the confidence that your business deductions are documented correctly to safeguard you against any audit by the IRS and Canada Revenue Agency. If you were to keep up the business expenses example above for 1 year, you will have deductions worth a little over $13,788.00!
Just think about it, this is the tip of the iceberg!
If work a 9-to-5 job and you also run a side business out of your home office, then with Taxbot you can learn how you can potentially reduce your taxable income significantly by taking all the deductions you’re entitled to as small business owner.
Common small business deductions include costs for:
- Bad debts
- Employee compensation
- Home office
- Legal and professional fees
- Pension plans
- Travel, meals and entertainment
If you haven’t started using the One80 system yet, it’s never too late to start saving and taking tax deductions you are entitled to as a small business owner!
There is no better investment out there than reducing your taxes with Taxbot! What’s more, it is just one element within the “One80 Virtual Business In A Box” package.
There’s even more benefits in a One80 package that can potentially make you a ton of savings!
You see, One80 also includes VIPdeals savings program – savings on local shopping at over 330,000 merchants, savings travel, car rental, hotels and entertainment Savings on your home office and your marketing tools — marketing suite, capture pages, email blasting tool, contact management center.
Heck, even One80 is a business tax deductable!
But I’m not done yet! One80 even comes with a $25.00 Restaurant.com certificate every month — there’s your break even right there!!
You can learn more by checking out the short One80 video presentation.
More Resources: Turn your business expenses into tax deductions!
Owning your own home based business can be a gold mine of deductions! Here’s a powerful series of presentations about the incredible tax advantages of owning your own business. You’ll quickly discover that just by having a side business you will be able to save $1,000s of dollars a year and also to maximize your deductions!
P.S.- Let me know your thoughts and insights. If you know of anyone this would help, by all means, pass it on. It’s good to share!