There are many advantages to owning a home based business, but there are disadvantages, too. Doing the right research will help you avoid some common mistakes people make with home business owners make. Here is some excellent ideas to help you create an excellent work from home business.
If you take a client out to eat as part of your business, make sure that you deduct this expense from your taxes. The time that you spend with them is a business expense. However, make sure that these meetings are with potential or paying clients. If not, they aren’t tax-deductible.
If you must take clients out, remember that you can deduct expenses like these from your taxable income. These events are legitimate business expenses and should be treated as such.Make sure … Read the rest