Back Up Your Career!
The young and the middle-aged alike are realizing that their dreams of "having a job with a company forever" is an illusion. Companies have been downsizing, rightsizing and capsizing for some time now, and they continue to do so-more now than ever before. Even the federal and state governments are getting into the act with layoff's and attrition management of jobs. In addition to all this uncertainty and mutual lack of loyalty between companies and employees, even the workers who do keep their jobs have no guarantee of promotions due to the shrinking number of management positions.
If all this isn't bad enough, under recent tax laws employees are limited more than ever with limits and thresholds for their employee deductions and higher social security limits. The result is more couples working harder than ever before and, on many occasions, working more than one job. It is now almost impossible to have only one job in the family and live the standard of life called survival without the need for these additional incomes.
There are many reasons why so many people are favoring home-based business over the traditional business.
There is no commute (unless of course you have a really big home and your office is some 45 seconds away from your bedroom), no boss, little if any chance of lawsuits, much lower overhead, no employees (or very few), and far fewer government restrictions. In fact, many of the laws within traditional business don't apply to small firms with few or no employees. It is for these reasons, that 95% of home-based businesses succeed in their first year and achieve an average income of $50k per year with many earning much more.
There are basically two sets of tax laws in this country. One is for employees, and it allows deductions for individual retirement accounts, 401k (s), interest and property taxes on your home and charity.
Then there are the laws for home-based business people who conduct their business either fulltime or part-time. They can deduct with proper documentation, their house, their spouse, and even children (by hiring them), their business vacations, their cars, and their food for colleagues. They can also set up a pension plan that makes any government plan seem paltry by comparison.
Example:
Kelly earned $15,000 in salary as an employee, but took home only $1,156. She could have netted the entire $15,000 had she earned it in a home-based business! This is an increase of almost 13 times her take-home pay as an employee.
Note that Kelly is not spending dramatically more money than she is currently spending. She would eat out anyway, go on trips and drive her car the same as before. By having a home-based business however, many of her expenses become tax deductible. This concept is known as "redirecting expenses".
With a legitimate home-based business, she can now deduct some of the expenses that she is occurring anyway in a day.
Why People Must Own a Home Based Business!
Arnie and Connie Brown
902 McLendon Drive
Frederick, Maryland 21702
240-581-1775
www.OnlineTravelPerks.com
If all this isn't bad enough, under recent tax laws employees are limited more than ever with limits and thresholds for their employee deductions and higher social security limits. The result is more couples working harder than ever before and, on many occasions, working more than one job. It is now almost impossible to have only one job in the family and live the standard of life called survival without the need for these additional incomes.
There are many reasons why so many people are favoring home-based business over the traditional business.
There is no commute (unless of course you have a really big home and your office is some 45 seconds away from your bedroom), no boss, little if any chance of lawsuits, much lower overhead, no employees (or very few), and far fewer government restrictions. In fact, many of the laws within traditional business don't apply to small firms with few or no employees. It is for these reasons, that 95% of home-based businesses succeed in their first year and achieve an average income of $50k per year with many earning much more.
There are basically two sets of tax laws in this country. One is for employees, and it allows deductions for individual retirement accounts, 401k (s), interest and property taxes on your home and charity.
Then there are the laws for home-based business people who conduct their business either fulltime or part-time. They can deduct with proper documentation, their house, their spouse, and even children (by hiring them), their business vacations, their cars, and their food for colleagues. They can also set up a pension plan that makes any government plan seem paltry by comparison.
Example:
Kelly earned $15,000 in salary as an employee, but took home only $1,156. She could have netted the entire $15,000 had she earned it in a home-based business! This is an increase of almost 13 times her take-home pay as an employee.
Note that Kelly is not spending dramatically more money than she is currently spending. She would eat out anyway, go on trips and drive her car the same as before. By having a home-based business however, many of her expenses become tax deductible. This concept is known as "redirecting expenses".
With a legitimate home-based business, she can now deduct some of the expenses that she is occurring anyway in a day.
Why People Must Own a Home Based Business!
Arnie and Connie Brown
902 McLendon Drive
Frederick, Maryland 21702
240-581-1775
www.OnlineTravelPerks.com
posted by Arnie Brown | Monday, October 01, 2007
1 Comments:
Arnie- your comments are very interesting and seem helpful. I have been researching a website that focuses on the 50+ crowd, those of us with some wisdom; www.activeamericans.com. They may offer an opportunity for you to post your information free, possibly even a column hosted by you.
This site is exposed to millions of ActiveAmericans/seniors each month. They seem honorable and committed to helping others.
Lots of Luck,
Barney
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