Elev8 Your Life
Sheryl Morley & Paul Kroto will help you Elev8 all 8 areas of your life. The acronym they use is B.E.S.T. L.I.F.E. which stands for Body, Emotions, Spirit, Thoughts, Loving Relationships, Incredible Finances, Fantastic Plan, and Exceptional Preparation. If you want to reach your true potential in any of these 8 areas then this is the podcast for you!
Elev8 Your Life
#142-How To Save At Least $5,000 On Your Taxes Every Year
Podcast Notes: Getting Ready for Tax Season as a Business Owner
Most of us assume that our mortgage or rent, student loans, or child care costs eat up the majority of our income, but the truth might surprise you. Our biggest expense is Taxes.
There are 2 tax systems in the US
- Employee
- Business Owner
If you don’t own a business now is the time to start one
InstituteOfWholisticHealth.com
When you own a business there are a TON of deductions you get to take
- Computer
- Phone
- Clothes
- Travel
- Food
- Internet Service
- Car
We see most people save at least $5,000 on their taxes every year!
You must prove that you are making an ATTEMPT to make money
The key is keeping good records of the things you spend money on
We developed a tax course with one of the top accountants in the country at HomeBusinessTaxCourse.com
- Share stories
Tax Filing Options
- Fill the paperwork out yourself and mail it in
- Use an online service like turbotax
- Hire a good accountant that can do it for you
Conclusion
- Start a business if you haven't already
- We have an upcoming podcast about the Institute of Wholistic Health InstituteOfWholisticHealth.com
- Take the tax course HomeBusinessTaxCourse.com