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

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

Feb 5, 2017

The 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...

4 Ways to Earn a Living from Home by Being Yourself in 2016

4 Ways to Earn a Living from Home by Being Yourself in 2016

May 11, 2016

Last years’ guide was about 1001 ways to make a living. But this year, we do not have time to try things out and play around.   The timing has never been better to launch you new career of being yourself well.  The time is now to begin. Myself, I have done every lousy job imaginable, from digging a ditch, to working with nasty chemicals, to working underground breathing diesel smoke.  I appreciate what I have been doing since I quit my job and printed up a homemade business card in 2001, and never looked back, over $10M in sales and 15 years ago.  I appreciate this so much, that I have dedicated my life to helping you do it too: 1. Simply blogging about what you love and care about It is not that hard.  You need something to talk about; anything, from gardening to dating to a specific specialty, to fashion, to technology..whatever you like to talk about.  Whatever that is, do it, do it online, do it optimized well, do it daily or weekly.  Whatever it may be, somebody shares your interests.  If you follow a few simple instructions, you will build an audience.  Somebody, some business, some politician, some enthusiast or entrepreneur, will want you to pay to reach that audience.  If you do it with me helping and training you, your audience becomes part of ours, over 20,000,000 who we can prove we that we have influence with here, and you can also offer that to your advertisers, and mine. 2.  Take over as a new media agency; local news and networking for a town, or niche.  I have a network if independent content marketers, with 90% of the money going to those who do the work. 3.  Use affiliate links, and passive revenue models to monetize the blogging and social media marketing and profiles that you must do anyway to promote your primary business – get paid for marketing instead of paying for it. 4.  Fire your boss, hire yourself, as I did 15 years ago, and go into business for yourself.  The only question is, other than the blog and instant rankings (which you can buy here...