1099, Schedule C or business owner

1099, Schedule C or business owner

Did you know there are people who take on a small business to better command the cash they earn on their current jobs? Are you aware that the government realizes it takes money to make money? Believe it or not, there are tax incentives for people who make attempts to better their lives by attempting some type of business. People who venture into any one of the following paths; entrepreneurship, self-employment or business ownership often discover the benefits of such a move. Many multi-level marketing programs offer opportunities to fall into a category that allows you to write-off expenses that qualify you for using a 1099 form. There are literally hundreds of tax write-offs for those who use a 1099, Schedule C or other business tax incentives. I am NOT suggesting you begin looking at ways to commit tax fraud. I am strongly encouraging you to examine means for escaping the single-pay or one-income stream condition without adding additional costs to your possible endeavors. A percent of your cell-phone, vehicle expenses (all vehicle costs), mortgage (if home office is created), cost of attire (from purchase to laundry expenses), travel, restaurant bills and more may….. just fall into a category for tax write-offs. If you are not aware of what I am referencing, begin researching means of reducing your tax liabilities.

Let me say this, I am not a tax accountant nor am I a licensed professional on these matters. I can say from experience that the power of being able to manage my finances as a business owner comes with many benefits. It requires discipline and keeping up with expenses with a well generated plan for growing a business but the government knows this and the tax laws are designed to encourage business creation, business investments and or business growth.

With the rise of the information age, it would not take too much research to discover what is acceptable versus prohibited when it comes to being an individual who add a 1099 or Schedule C or another business component to their everyday lives. The time is now to climb out of the box and let your ideas be tested. Search out other means for growing your income. Search out the many opportunities for reducing your tax burdens in order to invest your money into supplemental income streams or transition into a different method for earning a primary income altogether.

Have a business idea or are you looking to supplement your income?  Begin gathering information for reducing tax liabilities and investing your money towards a better you through the many tax incentives available.

It’s time to Tackle The Beast – Get Cents Get Paid!

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