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Tax Tips for Home Based Businesses
By Donnie De Loney

Included here are a number of ways for Home Based Business Owners to save money on their taxes.

1. Keep your business home based: Not only will you be at your work place (home) but it will give you opportunity to use your home as your place of business and you will be able to deduct part of it on your taxes. Also, when you work at home you can arrange your hours to suit you.

2. Divide your income: You can pay reasonable wages to your spouse and children. In doing this you can legally divert income taxed at your higher rate to your family members that are in a lower tax bracket. It not only makes sense but it also makes dollars for you.

3. Incorporate Your Business: One of...
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Fat Dumb & Happy
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* The Small Business Development Center at Santa Fe Community College will hold the following workshops. For fees, times and more information, call 428-1343 or visit www.nmsbdc.org/santafe. Read More ...

A bumpy road ahead | Business Recorder
The State Bank's first quarterly report for FY12 released on 28th January contains an objective assessment of the economy and highlights the emerging challenges to its stabilisation and recovery. Read More ...

Wonkbook: Obama's fresh lead remains vulnerable to Europe's woes
The latest Washington Post/ABC News poll shows President Obama's approval rating has risen to 50 percent and he's opened up a six-point lead against Mitt Romney. In part, that's because the primary is hurting Romney. A majority of Americans who are closely following the campaign say they disapprove of what they're hearing among the Republicans, and by 2 to 1, Americans say that the more they ... Read More ...

 

 





 
 
 
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