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Friday, 08 February 2008 |
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By Stephanie Foster
 Money is tight right now for my family, as for many others. My husband has been laid off from his job, making my home business our main income. It's not the best of situations. And this is better than many stay at home parents are dealing with as more people get laid off.
Working at home can be challenging in any economic weather, but as things get tighter for many families the challenges increase. More people start to need the available work at home jobs. More people want to start home businesses, while fewer people have extra money to spend. It can be tough.
There are some areas in which you can still do well to work at home.
For example, people working in medical transcription should still see a good amount of work. People always have to go to the doctor, although if people are unemployed long enough to lose insurance coverage the type of reports could shift somewhat.
Medical transcription is not the work from home job for everyone, though. It requires training and solid skills for |
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Last Updated ( Friday, 08 February 2008 )
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Thursday, 07 February 2008 |
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By Ruth Bird
 1: Tax Advantages
Business Deductions.
To qualify as business deductions, expenses must be reasonable and necessary.
Taxpayers are required to keep accurate books and records.
The records should be complete enough to include types and sources of income, gains, losses, costs, expenses, and substantiation for tax deductions. Your records should include items such as bank statements, cancelled checks, receipts or invoices, credit card statements, diaries and logs. Here are some examples of what you could deduct. Remember...also check with a professional first.
Tax Deductions for Home-Based Businesses
Nobody likes tax time, but owning a home-based business can literally save you thousands of dollars a year in taxes by allowing you to turn personal expenses into legitimate, allowable deductions.
The more tax deductions your business can legitimately take, the lower its taxable profit will be. For example, if you earn $100,000 per year from your job and home-based business, combined, but have $15,000 in allowable business deductions from your business, you would only pay taxes of your net income of $85,000. |
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Last Updated ( Thursday, 07 February 2008 )
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