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Your Business May Be Deductible

Richard Moyer

Legally Keep Money From the Government!
 
Invest in Your Business - IT IS DEDUCTIBLE!
 
If you are in the USA, the incredibly complex tax code that our legislators have saddled us with, believe it or not, is written in favor of BUSINESS.

That's right!  There are MANY Business activities that are DEDUCTIBLE!

What that means, that when QUALIFIED business expenditures are reported on your tax returns, THEY REDUCE THE AMOUNT OF TAXABLE INCOME, which means you PAY LESS TAXES!

The key is, to get the advantage, those expenditures must be reported IN THE TAX YEAR in which the EXPENDITURE was made.

So, to take advantage of 2015 Tax Year deductions, YOU MUST HAVE MADE THE EXPENDITURE in 2015!

There are some exceptions (capital expenditures) that must be amortized over a specified period of time (for instance, a new computer).

But, deductions can be claimed for purchases made BEFORE Midnight December 31st 2015 for things like:
  • UPGRADED MEMBERSHIPS even if those expenses will EARN COMMISSIONS IN THE NEXT TAX YEAR
  • The whole amount of upgraded memberships even if lifetime or multi-year purchased in 2015 (assumes using CASH METHOD and NOT Accural for reporting)
  • Ad and SuperNetwork Ad and traffic purchases
  • Software upgrades, purchases or license renewals
  • GotBackup - paid for last year UP FRONT to get the deduction for a one-time annual payment
  • Computer peripherals (headphones, webcams, external hard drives, mice, tablets under $500)

Check out the webpage for my specific recommendations
>>>> Click the Credit Link

Rich Moyer
 
 
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Article by:Richard Moyer
Article posted: 2016-01-13 12:11:40

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