Do You Want to be Wealthy? Learn This Rule…

• Tweet
• Sharebar

• Tweet

It’s really about how much money you keep that counts!!

“No one can become rich without enriching others. Anyone who adds to prosperity must prosper in turn.” – G. Alexander Orndorff

Have you realized that there are two tax systems in place in the United States?

I know, I know, taxes isn’t the most exciting subject to talk about, but knowing how the tax system can work for YOU is one of the best kept secrets of the WEALTHY.

There is a system for those 9 to 5 employees which is your average American, and there’s a system for business owners. Hopefully you’re in the right system!

Since it’s tax season now, I’m reading Ronald R. Mueller’s “It’s How Much You Keep That Counts! Not How Much You Make.” which I believe that every home business owner in the United States should have in their library.

There are so many tax benefits that you can take advantage of as a home business owner that not even your average CPA doesn’t even know about them! On top of that the book is EASY TO READ for the average person unlike some tax books.

Here is a partial list of some of the tax-deductible expenses that you as a business owner can write off mentioned in the book:

Mortgage Interest or Rent

Gas, Electric, Water and Sewer

Cleaning Crews to Dust, Vacuum and Empty Trash

Computers, Copiers, Fax Machines and Telephones/Cell

Paper, Pens, Ink Cartridges and Postage

Desks, Sofas, Coffee Tables and other Furniture

Painting, Wallpaper, and other Repairs/Remodeling

Newspapers, Magazines, Books and On-line Media,

Plane Fares, Hotels, Meals, Rental Cars while traveling

Dinners, Ball Games and Theater Entertainment

Security Alarms, Hidden Cameras

Health, Dental, Disability and other Insurance

Company Cars and even Boats,

Contributions to Employee Retirement Plans

Pest Control and General Maintenance

Holiday Cards and Gifts

This is a pretty exciting list so far. On top of that this book helps you create a BUSINESS PLAN, giving you a daily routine you can follow to grow your home business.

But the one thing that you want to keep in mind, is that as long as there is AN INTENT TO MAKE A PROFIT and can prove this, then you will be able to use these tax benefits. This is why it’s highly recommended to have a business account through your bank or credit union to prove this.
TO YOUR SUCCESS!!!

Follow Me On Twitter – Follow Sherman Here

Join My Facebook Fan Page – Sherman’s Fan Page

Want To Work With Me? – Work With Sherman

 

 

Gift For YOU —-> Do you want a step by step blueprint to follow to grow your business? CLICK HERE for more info.