Gatison Safety CPR & First Aid Training

Get an LLC (limited liability company) come up with a name for company Open a business bank account with your bank. Attach it to that LLC Choose a room inside of your home as an office. *A brick and mortar business (like McDonald’s) get tax deductions on the expenses for the building they occupy SO WHY NOT USE YOUR HOME AS A HOME BASED BUSINESS* KEEP RECORD OF EVERYTHING (income + expenses)... -A PORTION of Your bills you pay ANYWAY will become tax deductible, depending on what size of the room you use as an office. CONSULT WITH YOUR CPA CONSULT WITH YOUR CPA CONSULT WITH YOUR CPA Example: The living room is your office. It makes up 30% of your entire home. Your rent is $1000. 30% of that $1000 = $300. $300 x 12 (months) = $3,600 $3,600 will be deducted from your taxable income when you file taxes Include: electric bill, water bill, cable/internet, cellphone, mortgage (the interest), car maintenance, miles driven in that car, materials for your business, advertising, etc #ShareThis

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