2017 Tax Advantage Home Business 541-982-9291The most tax advantaged way to do business is to do it from home, even if you already have a good job.  A home business can be anything that you are good at, know about, or have something to say about.  You can write off travel and entertainment expenses, part of your housing expenses, and legally and ethically boost your income without tax consequence legally and easily if you know how.

What you spend from this years tax returns on doing so, will come off the top when you file taxes next year, before you declare any income.  I legally supplement my early retirement income, pay zero taxes on that income, I do not declare enough profit to reduce my early retirement income, and I do my taxes in less than thirty minutes online, without submitting any documentation; and you can do that too.

In my case, it is an online consultancy, and independent journalism (blogging).  So, I can work from anywhere, from home, and do this.

To protect your assets, whatever they are, from real estate to income, it is a very good idea to form a separate entity for the business, with it’s own assets, liabilities, and credit rating; usually an LLC, which is a very flexible entity that can be taxed like a corporation or a partnership, can be an investment trust (like an R.E.I.T) or any service business like mine, or even an online store.

If you have a high paying job even, the tax advantages of this can be huge: by offsetting a large portion of you current living expenses against any income that you generate, even if you lose money, which is expected for three years after you start that business.

If you seek advice from accountants and lawyers, they will offset any savings with fees, and are not business people themselves really, very pragmatic, and security minded.

Fortunately, you do not need them to do this, because it is your right.

 

For many many businesses, all that you need is:

  • An Internet connection
  • A website
  • Online Marketing
  • Your time and talent

Any expertise or knowledge of a market that you bring with you from your previous life becomes an asset, even the people that you know become the starting of your audience and market, and often a source of investment capital if it is needed.

In my case for instance (early retired), I can build the business without regard for profit for three years, then, at 66, I can make all that I want on top of my Social Security Income.  In the meantime, I can travel, spend, build my business, even take in money, with no tax consequence, and almost no overhead.

In fact, if you spend 1000-1500 to start such a business this year, you can get it all back on next years taxes, even lose money and build ongoing carry forward tax loss, and live better and spend more all year, legally, and ethically.

You can even have help with the website, marketing, branding, advice, and even help raising any needed capital, if any, on this budget.  I can provide:

2017 | Business from Home | Even those with jobs should start one 4 Tax Advantages 

About Insurance

Business insurance is divided into different policies.
We offer 7 types so it’s easy to design the coverage that fits your business.

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Ethos Life insurance quote:

https://agents.ethoslife.com/invite/a412e

 

Let me break it down for you, I did the research:

Click bait, lead generators, middlemen, behemoths with levels of management; all done!

For the last couple of years, I have been researching the insurance industry, and I have learned a great deal.

It took one day to contract with Ethos, one week to contract with Next Insurance!

I have owned 26 businesses, this is my 27th: I am monetizing my huge online presence by selling insurance, and recruiting agents; you can do it too!

Studying for and passing the tests to get the licences is easy, and not expensive.

I recommend these two high-tech companies: it is fast, and easy to get appointed as a producer, and they will both support you every step of the way; click to get started!

Next Insurance

Ethos

Questions?  Call me: 928-228-9228  I am happy to help.