Well… it’s not really Income taxes on my Avon Business… it would be your business. It’s that time of year… and IRS and State Taxes are on everybody’s mind.
But… as with anyone with a small business… we are all unsure of what deductions and taxable income we need to provide to the IRS.
As with any small business… knowing what to do about Income Taxes On Any Home Based Business is your responsibility.
When I first started out in business… which was a very long time ago… my husband couldn’t get his head around business tax deductions.
He just could not understand what a bonus to a business tax deductions really are.
You see… what most new entrepreneurs don’t take into consideration… is all the equipment and supplies that are necessary to run a business, are in fact tax deductible.
I have been shouting from the rooftops to all my friends and acquaintances… that the very best way to pay the tax man just what we owe him… and no more… is to have a home business.
I started using Quickbooks Pro to keep track of my small business years ago. My accountant loves me for it! I don’t know what I would do without Quickbooks – I hate anything related to book-keeping or accounting… but this product makes it sooo easy.
Why… because you can deduct so much from your business income… and save a ton of cash! This cash can be reinvested into your business… so that it grows at a much higher rate!
You see… It’s like the government want all of us to set up our own business. They want to help you grow… and buy more things… and hire people… which just helps grow our economy.
The government expects that you will buy a car for your business. They expect that you will have to have a desk, filing cabinets, a phone and a computer. They also expect that you will have to have electricity, phone service and an internet service provider.
Even if you are marketing other peoples goods through a MLM (which is exactly what Avon is) type business… you can deduct lots of expenses against your income.
Questions that are often asked about Avon Business:
- Is Avon Taxable Income?
- How Do I Go About Paying Taxes on Avon?
- How To Deduct Your Avon Business On Income Tax?
- How To File Avon Income Taxes?
- How Do I Find My Avon Income?
- Can I Deduct Avon Expenses?
So many things to think about and keep track of…. achkhkh!!!
I found a FREE guide to help with all the answers… you can download it right now… about deductions for home businesses. Click on this link to get it now…. while your thinking about taxes! Income Taxes On My Avon Business