There are many advantages to owning your home business. Some are purely emotional, and some are based on sound business planning. The potential tax savings related to owning and operating a small home business are often overlooked or simply glossed over. This probably due to the fact that taxes are complicated, that's why they are all kinds of accountants focusing on the wide variety of tax specialities.
There is one company, Wall and Associates, that provides a service to small home business owners in Canada and the USA. The "Easy as ABC" website features a free tax savings calculator that uses their estimated numbers for possible deductions once you plug in your expected income. The system also allows you to change the numbers as you like. As I said the system is free with no strings attached. It's definitely worth checking out because it has tax information for small businesses in both Canada and the USA.
It's a good website to refer prospects to since it is a third party independant accounting company that specializes in the home business tax field. Recommend by Immunotec.
Colm Maher
colm@wellnessopportunity.org
Skype "colmbonne"
Sunday, July 20, 2008
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