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Awesome Tax Advantages of a Home Business!

You may be surprised at the amount of daily items that can be deducted as a business expense once you have a business in your home. The usually business expenses are the obvious deductions but even some household expenses can be deductions. You should always check with your tax preparer to be certain of the laws in your state but in this article I have mentioned many of the deductions that are legal in most areas.

The most obvious deductions are business expenses. Anything related to your business, if you have a business portfolio, introductory product pack, or monthly product purchase these are all tax deductions. Only the purchases that are required in order to get paid qualify for deduction in most states. If you have an office area in your home you can deduct internet and phone if they are needed for your business, part of the expenses of your rent (mortgage is figured elsewhere), part of your power, water, sewer, garbage & etc. as business expenses. In most states you can also deduct your insurance as long as your office is in your home. Home repair bills and the cost of a cleaning service are also deductions.

Included with business expenses would be anything to do with advertising such as business cards, t-shirts, ads, fliers, literature and anything else you may use for advertising. Training items for you are also a deduction; books, CDs, seminars and reports etc. Be sure to save receipts to prove your expenses here! You can also deduct things that your kids might help with if you pay them by check and keep records, you can deduct landscaping, maintenance such as taking out the garbage, computer work, cleaning, stuffing envelopes and any other business related expenses. Remember to keep receipts for all office supplies such as paper, pens, printer ink, office furniture, cell phone (if you use it for business), postage, extra email accounts, web hosting, computer etc.

Any business related travel or any travel in which you conduct some business can be a deduction. Plan ahead to make all travel business related. Even if you stay with family you can give them a gift of products or even money and this can be a tax deduction as long as it does not exceed the going rate for hotels in the area. Business meals are good deductions, if you meet a prospective client for a meal or coffee, or if you meet with your business partners to discuss business. Mileage is another great deduction, the IRS has mileage rates that they allow, mileage to and from meetings and trainings, and for advertising, are deductible. You do need to keep a log to prove this, but it does not have to be fancy. Just a small note book that you can make a note in each time you drive is good enough and will save you quite a bit of money for a little effort.

If you are doing pretty well and are looking for other things to count as deductions on your taxes you may want to consider 401Ks, college tuition, car lease options, charitable donations, and education savings accounts for children/grandchildren. There are many ways that you can save on taxes and you will want to use only the ones that are legal in your area and benefit you the most.

Maybe now you are thinking about the major things that you might consider as a deduction. Please do not use this as your sole guide. Your tax preparer and local laws should be the final deciding factor on deductions for your home business. Hopefully this has opened your eyes to the potential for deductions and you will be able to ask the right questions and provide the proper information to get the maximum deductions you deserve. If you plan ahead many of your everyday expenses can be a tax deduction when you have a business in your home. Record keeping is very important when you are documenting tax deductions. You don’t want to be caught with no records!

Annette Phillips has experience in a variety of areas and has been successful in supporting her family from home for 18 years while enjoying all that life has to offer. Visit this website for more information on making money at home: http://www.ipcgold.com/ad/44/CD48981

Broughty Castle, Dundee, Scotland
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Image by conner395
The view from the beach

I was brought up nearby to Broughty Ferry, and was always aware of its fairly wee but very imposing Castle. Yet I had never really paid it any great attention until last week, when making a brief nostalgic detour into the area, in order to show my 8 year old grandson the places I used to frequent when I was his age before moving to Inverness (50 years ago!) and where his mum and her sisters used to play when we visited my cousin (who lived right opposite the Castle then) on family holidays.

Perhaps it was the unseasonably gorgeous weather, or the fact that we had a wee while free time, or the fact that for the first time in that area I had cameras with me, I do not know – but I have never seen the Castle looking so photogenic! I must also admit that I went inside, for the first time ever – it is maintained by Historic Scotland and the museum within is run by Dundee City council. Admission is FREE! It is well worth a visit, but the spiral staircase is hard work!

Broughty Ferry (Gaelic: Bruach Tatha, Scots: Brochtie) is a suburb on the eastern side of the City of Dundee, on the shore of the Firth of Tay in eastern Scotland. "The Ferry" was formerly an independent burgh from 1864 until it was absorbed into the Royal Burgh of Dundee in 1913.
en.wikipedia.org/wiki/Broughty_Ferry

Indeed the Burgh’s small police force (prior to absorption into Dundee City Police) had Broughty Castle as the centrepiece of its cap badge.

Broughty Ferry became a popular suburb of Dundee when the Jute barons (jute being big business in Dundee) in the 19th Century) built their mansions there, and the mill workers made great use of the sandy beaches which run from the Castle right down to Monifieth (my former home town) and beyond.

Broughty Castle was built in 1496, on the site of earlier fortifications, and provided an ideal location to watch over the Firth of Tay at its brief narrowing before it widens out again on the approach to Dundee, which was ever a strategic port.

In 1846 the castle was bought by the Edinburgh and Northern Railway Company in order to build an adjacent harbour for their railway ferry (before being rendered obsolete by the building of the Tay Bridge a few miles upstream).

In 1855 the castle was acquired by the War Office with the intention of using it to defend the harbour from the Russians. In 1860 renewed fears of a French invasion led the War Office to rebuild and fortify the site. The walls of the main courtyard were rebuilt and new wing and courtyard were added to the tower. A caponier was added along the south-east side of the courtyard. Emplacements for nine large guns were also constructed. A small enclosure on the west side of the courtyard was also built.

From 1886 to 1887 a range was built to house submarine miners to the east of the castle. In an emergency these would lay mines in the Tay Estuary to damage enemy shipping. In 1889–1891 a magazine was built within the western enclosure which also led to a major remodelling of the gun emplacements. The castle remained in military use until 1932, and again between 1939 and 1949. The last defence-related alteration was made in the Second World War when a defence post was built within the top of the main tower. In 1969 the castle opened as a museum
en.wikipedia.org/wiki/Broughty_Castle

Visitors to the Castle can climb up the spiral staircases to the Observation Post, where binoculars are provided – well worth the climb, I can assure you! The views up and down the Tay, and over Fife, are magnificent – albeit the very weathered glazing prevents decent photographs from up there. As Arnie said “I’ll be back!”

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Tax Advantages To Having A Home Business

There are many advantages to starting a home business of your own. Most people dream about the freedom that they will have if they can be their own boss. One advantage to having a home business that isn’t always thought of is that many tax advantages that come with it.

Here are a few tax advantages that you may be able to use when you have a home business of your own.

The standard disclaimer is too of course sit down with your tax advisor or account and determine what the IRS is going to allow. However you can generally take a deduction for having an office in the home. If you don’t dedicate a total room you can deduct the percentage of a room that you are using for your office.

Many home businesses do use a specific room in their home as their home business office. This allows you to take deductions on things such as portions of your utility bills or even home improvements as they relate to that portion of the house.

Other things that are deductible include your phone, your Internet connection, office supplies, cell phone, or anything that is used primarily in your home business.

If you have a home based business that takes you outside of the home you can also deduct expenses relating to your car and how it is used in the business. You need to become good at keeping good records, but you can deduct mileage and car related expenses.

Important things to remember with home business deductions are that you do keep receipts on everything. Even the smallest things can add up over a period of time. You might not even realize what you are spending on office supplies, promotional items, and even postage stamps.

Another benefit that is available in the United States is using your children or spouse to work for you. This will allow you to deduct things such as health insurance premiums, and let them earn their own money to pay for things as opposed to paying for them directly.

Because many home businesses utilize the Internet you want to keep track of things that you pay for online as well. Business expenses on the Internet can include website hosting, your autoresponder charges, membership fees for things such as traffic exchanges, article marketing, and even items such as printing cartridges and paper.

This is a few tax advantages to having a home business of your own. It is just one more reason why running an Internet business from your home is a great thing to do.

David Ogden is an established online marketer who specializes in practical website resources and advice that have helped many people like you start their very own home based business. He can help you launch your very own money making website today, ready to take orders and pull in massive profits for you right now, guaranteed!

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Copyright – David Ogden

John Fuller & Co, St George’s Road, Coach & Carriage builder’s, Bristol
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Image by brizzle born and bred
image above: four-wheeled sporting vehicle made by Fullers of Bristol, outside Cotham House the home of George Stanley White (1882-1964), one of the coachmen was called Abbott.

John Fuller & Co St George’s Road Coach and Carriage builder’s. The business was originally based in Bath but moved Limekiln Lane (now renamed St. George’s Road) in Bristol.

www.flickr.com/photos/brizzlebornandbred/2046815578/

Charles Spackman was raised in Marlborough, Wiltshire, where he set up a coach manufactory serving the Great West Road, but in 1773, while still in his twenties, he expanded his operations into Bath, going into partnership with Edward Morton, a Bath coach-builder, to run a carriage works by the Bristol Road at Nos 21-23 Monmouth Street. This proved very successful and Spackman was soon admitted to the Bath Freemasons (Royal Cumberland Lodge, at The Bear Inn in Stall Street). By then Bath had become an important coaching centre, and it is probable that Spackman acquired good business connections with prominent coach operators such as Eleazer Pickwick*. In 1774 he Married Anne Pritchard of Marlborough, taking residence at 24 Kingsmead Street, adjoining his workshops. They had one daughter, Catherine.

At that time Bath attracted many aspiring English artists (Gainsborough, Lawrence, Hoare, Beach, &c), and Spackman became a connoisseur of art, accumulating a respectable collection of Dutch and Flemish masters. About 1781 Benjamin Barker senior, living nearby in Cross Lane, had been taken on by Spackman as a coach painter and decorator, and it was in the following year that Spackman recognised the talent of Benjamin’s son, Thomas Barker, then 15 years old. In 1785 he took over Thomas’s education and his apprenticeship as a painter, probably under the tutelage of Joseph Sheldon**, a bookshop owner, local artist and drawing master who also lived in Kingsmead Street, and who later became well known for his construction of a scale model of Bath.

In the late 1780s Spackman also started to branch out into property development and architecture, in partnership with banker and builder John Lowder of Monmouth Street, and the architect John Palmer who lived nearby in Charles Street – Spackman acting as ‘projector’ or agent for the supply of building materials. Their first works included Lansdown Crescent (initially known as ‘Spackman’s Buildings’ or ‘Lansdown Place’), together with All Saints Proprietary Chapel below. In July 1789, when the Bath Improvement Act was passed, Spackman and Palmer were appointed Improvement Commissioners, together with Dr. Henry Harington (Mayor) and other prominent citizens. It was during this year that Thomas Barker painted the portrait of Spackman with himself (see accompanying picture).

In 1790 Spackman opened a gallery to display Barker’s work (probably the first in this country devoted to a single artist) at 23 Kingsmead Street, backing on to his own house, Thomas himself being sent off to Italy on the Grand Tour. Meanwhile Spackman entered into a joint undertaking with John Fielder, James Broom, Thomas King* and William and Richard Hewlett* to build St.James’s Square (designed by Palmer) and to supply the upper part of the city with water. William and Richard Hewlett were prominent Bath builders and related to James Hewlett, a noted still-life painter and colleague of Thomas Barker.

In about 1791, after exhibiting Thomas’s work at the Royal Academy, Spackman gave up his partnership in the coaching business to concentrate on his development projects and to set up a prosperous business as an Art and Property Appraiser and Auctioneer, his share in the carriage works being taken up instead by John Fuller, whose descendants continued to run the firm into the 20th century.

With the completion of All Saints Chapel in 1792, Spackman moved residence to the adjoining Chapel House, where he took over the artistic education of Thomas Barker’s two younger brothers, Benjamin jnr. and Joseph. Benjamin later became a noted landscape painter, and carried out restoration work for the Rev. John Skinner of Camerton. Also at this time Spackman was appointed to the Committee of the Bath Society of Guardians, and in 1793, after the Walcot Improvement Act was passed, again appointed Commissioner, along with his associates Fielder, King and Lowder and the City Architect Thos.Baldwin. By now Thomas Barker had returned from Italy and was carrying out much work for the Rev. Thomas WhalleyÝ of the Royal Crescent, while Spackman put on a second Barker exhibition at the Kingsmead Street Gallery.

Unfortunately, in 1795 (the year after the S.C.C. Act was passed) there was a severe building slump in Bath, and Spackman, having overstretched his resources like many others, was declared bankrupt. Thomas Barker opened a gallery in London, but conditions just then were not favourable for artists, and two years later he returned to Bath where he remained for the rest of his career. About 1800 Spackman also moved to London where he built up a new and relatively successful career as an Art Dealer, but always retained contact with Bath and the Barker family until his death in 1822. However, other members of his family stayed in Bath, particularly Henry Spackman who went on to found a firm of architects, surveyors and land agents which continued in business in Terrace Walk up to the 1950s.

The coach-building business also continued to flourish, although the carriage collection was eventually dispersed, as the firm, under S&A Fuller, evolved into motor builders and dealers from the early 1900s onwards. However, during the Bath ‘Blitz’ the Monmouth/Kingsmead Street area was so badly damaged that it was completely redeveloped in the 1960s, the coachworks site being occupied by the office block now known as Plymouth House. Although the firm found new premises in Circus Mews, it was finally taken over by Hartwell Motors in Newbridge Road in the 1980s. Nor did All Saints Chapel below Lansdown Crescent survive the ‘Blitz’. Having been burned out by incendiaries, it too was subsequently demolished.

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The Advantages Of A Work From Home Business

A work from home business is becoming an increasingly popular trend for many people and companies. It has a number of benefits for both the employees and the employers, and whether you are an existing business owner or an individual thinking of starting your own work from home business, you should be interested in some of the many benefits that working from home can bring.

One of the main reasons why companies adopt a work from home strategy is because such work is cost-effective. They are able to save huge amounts of money because they do not have to pay high overhead costs. They do not need to rent big office spaces since all their work processes can be done at home, and because of this, they do not have to pay bills for electricity and water. Employee benefits, like transportation benefits, medical benefits, insurance and others, are also significantly reduced.

For those people who work from home, one obvious advantage is that they will get to spend more time with their families. This is especially advantageous for mums who have kids. They can now say goodbye to daycare centers since they can look after their children while they work. Staying at home means that you can spend more time with your family while making an income.

Freedom and flexibility are also part of the reasons why a lot of people choose a work from home businesses. You can now make a living while enjoying the comforts of your own home. Doing your job at home can be very comfortable compared to being stuck in the office. You can be in control of your time and you can get more sleep since you do not have to wake up early to go to the office. If you need to do any household chores like laundry and cleaning, you can do them anytime of the day. No more boss or manager to keep an eye on you, which greatly lessens the pressure on you. Also, you do not need to adapt to the corporate culture.

Many people working from home are able to save a lot of money compared to going to the office everyday. With the convenience of getting up from bed and going straight to your desk, you can save time, gasoline, and other transportation costs. Nor do you need to buy office clothes, since working at home means you can wear anything, even your pajamas. Although though most companies that use a work from home strategy do not provide employee benefits, the great savings that come with working in this way will compensate for the benefits that are offered for office-based jobs.

Another benefit of a work from home business that can help to compensate for the loss of employee benefits that are offered to those who work in offices is the tax advantage. You can deduct expenses such as operating and depreciation costs if you use your home as a workplace. You should ask your accountant for proper evaluation, but it is a significant saving.

And lastly, work from home reduces stress. If any of your family members become ill you do not have to file for a vacation leave, but can now balance the demands of your private life and work life. Also, you can forget office politics which can cause so much stress to an individual. However, there is a downside.

While you are not pressured to get work done within tight schedules, you have to retain a degree of responsibility and put a full day’s work in each and every day. You should set deadlines for yourself, or else you will not earn enough to support your living. If you perform badly, you should expect a low pay. On the other hand, if your performance is satisfactory, then you can look forward to satisfactory earnings.

Your earnings greatly depend on your own performance, and while this can be a good thing since you are in control of how much money you want to make, you should make sure that you don’t take advantage of having no boss to keep an eye on you. You have to instill a degree of self-discipline to be successful.

In fact, with the growing number of people getting into this work from home trend, it means that it works for them and they are satisfied with the benefits. So try it now, whether full-time or part-time, and see if it is the right thing for you.

Office Redux
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Image by elainevdw
I moved everything around in my office this weekend. It’s freaking amazing how much more room I have in here now! Last items of business here: Figuring out where to hang stuff on the wall, and putting shelving in the closet.

Go into All Sizes to see it bigger.

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Home Business Tax Advantages

Nothing beats having a home based business to call your own that you can rely on to pay all the bills and let you have the freedom to say goodbye to the nine to five grind. What many do not consider however is that because you will be working for yourself you will be responsible for paying your own taxes as there will be none withheld unless you set up to do so with a payroll company. Either way you do go however, there are some tax advantages that a home based business can offer a small business owner.

While there are a wide variety of tax advantages for a home based business, here are the top four that are easy to use and often overlooked:

1. Home Office Deduction: This deduction allows you to deduct all or some of your office expenses for the office that you have set up in your home. To qualify for this deduction you must have your home office be the principle place that you conduct your business and your office space must be used strictly for business. You may also be able to deduct improvements done to your home office such as painting and decorating.

2. Education Expenses: If you further your education in a direct relation to your home business field then those classes or coursed are more than likely deductible. This is a great opportunity for you to learn more about your specific industry and be able to enjoy a tax break as well.

3. Technology: When it comes to a home based business the IRS will consider the first phone line into your home to be a personal line and therefore not deductable. However, if you have a cell phone and you use it for business purposes then the cost of the phone and the monthly service fees are deductable. You can also deduct your Internet provider costs as a percentage of its use in relation to your business. For example, if you are using your Internet for 50 percent work and 50 percent pleasure, then you will be able to deduct 50 percent of the monthly fees associated with it.

4. Transportation: If you home based business requires you to travel to and from client’s homes or businesses then you can deduct the miles that you travel in relation to the business. For every mile you travel the IRS will allow you to deduct a certain amount of money and if you travel quite a bit then those miles can really begin to add up. A word of caution here; this is one of the most abused tax deductions in regards to home businesses so if you plan on using this deduction it is a good idea to keep a journal that logs all of your business miles you travel.

Of course the best way to find out all of the tax advantages that you will be able to enjoy with your home based business is by seeing a Certified Public Accountant. It may cost money to do so, but these professionals typically make up for what they charge you by what they can save you in deductions.

Jason Kay has been a successful internet marketing professional since 2004. He recommends starting a home internet business in your spare time at first, then making the transition to full time as you more fully learn the ropes.

The Year of the Dragon
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Image by Viewminder
"The year 2012 is the year of the Water Dragon. From the reading of the stars and element relationships in the paht chee chart, this year is going to be a transformational life-changing year! Generally, there are more goodies in store for you in the year 2012 than 2011. It’s a good year to improve oneself, take calculated investment risks and to build wealth. The year 2012 holds much promise and may be a major transition in your life. Whether it turns out extremely good, or really bad, will depend on how you ride the mighty Water Dragon!

The three powerful stars present in the year’s chart are the Star of Aggressive Sword, the Star of the External Flower of Romance and the Star of Powerful Mentors.

The Star of Aggressive Sword brings hostility, violence and aggression. Anger will pervade, forceful words will be spoken and people will become uncompromising, especially among the top brass, patriarchal people and people in charge. Revolutions and rebellions are indicated. Harmony does not come by easily. It becomes more demanding and competitive in the corporate world. People are motivated to outperform and step on others to achieve their goals. Cure this by the Laughing Buddha to disperse the tense energy.

The presence of the Star of External Flower of Romance indicates the occurrence of infidelity, extramarital affairs and relationship distress in the year 2012. Steady long term love relationships and marriages are not spared so do not that it for granted. Hearts will be broken, feelings deeply hurt and heartaches abound if you’re hit by it. Make sure you sleep facing your relationship direction based on your Kua and have Feng Shui protection in your bedroom.

For those who are seeking to reach a new career height and be successful in your profession or business will appreciate the Star of Powerful Mentors. This star brings you the good fortune of influential people giving you the support, help and recognition to propel your professional life from poor to good, good to great. Place a statue of Kwan Kung in the Northwest corner or the front part of the home to activate Mentor luck.

The Tiger, Dragon and Phoenix (a Rooster that symbolizes Phoenix) appear in the year’s pattern of influences. These are three of the four celestial animals of any space and the animal missing is the Tortoise. To complete this energy and achieve an ideal form school Feng Shui, it’s an excellent idea to add a Tortoise or Dragon Tortoise figurine in the house for good feng shui in 2012.

The 2012 Eight Character chart has every element EXCEPT Fire. This missing element rules creativity and intelligence which are vital ingredients for success in this competitive world today. We all know Feng Shui is all about balance of the energies thus it’s important to compensate the imbalance by introducing Fire element in your home or office. You can overcome the shortage by adding more lights, keeping them on for a longer period of time and using decorative items and upholstery that are red in color.

It’s important to note that in order to enjoy the brilliant year ahead, the negative cosmic energies have to be kept under control. Build your confidence, empower your life force and fortify your inner strength with the help of spiritual practice and wealth luck and big successes will come to you naturally in 2012."

Memories

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