With so many people setting up new careers and working from home it is good to get an understanding of some of the benefits that you should talk to your accountant about to see what you can do to maximize your income.
Remember it is not what you earn but what you keep that counts.
More and more people are moving to the work from home model because of one simple reason and it is “very simple", the average income of people who are working from home is $50,000 per year. Now that is double what you would earn if you were working for someone else.
Some of the great benefits, and again you should speak to your accountant to make sure they will work for you, are:
•Your initial investment once you start to build your business is a tax deduction
•A percentage of your phone bills both cell and land line
•Internet connection
•Computers and computer programs and accessories
•Cars, Fuel and Maintenance. Most times you will need to carry and work off a log book.
•Percentage of home utilities
•Depending on your state or country mortgage and rent repayments
•Product that is purchased on a monthly basis
•Office furniture
•A percentage of International and National trips if work is included.
So as you can see these are only some of the great benefits that you do not receive if you worked for someone else.
It is easy to understand why more and more people are taking a serious look and making the decision to change.
