{Tax Tip Tuesday}
A Direct Expense is one that applies to the business area of your home. An example might be a fax or land line for your business. These expenses are 100% deductible!
Indirect Expenses are those required for keeping up and running your
entire home. Examples: Insurance, utilities, and general repairs. These expenses are deductible based on the percentage of your home used for business.Make sure you are using a preparer who specializes in Home Based Business. Internet alone can be thousands of dollars a year. A failure to claim those expenses can results in thousands of dollars in tax liability!
Visit our Tax Page for more guidance!
Happy filing!
DSi
_____________________________________________________________ Michelle Archer is a seasoned, veteran executive in the direct selling industry with 25 years of experience. Her past corporate and field experience gives her a fresh perspective on business, success and direct selling. She partners with young companies and individuals through executive coaching and consulting to explode their potential. Connect with her on Facebook Learn more at http://directsalesinstitute.com/
