Comments on: the expert opinion http://sandra.imaginex.net/2006/05/06/the-expert-opinion/ My attempt to keep up to date with friends, family and colleagues. Sat, 14 May 2011 20:54:38 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: George http://sandra.imaginex.net/2006/05/06/the-expert-opinion/comment-page-1/#comment-28 George Sat, 13 May 2006 07:35:58 +0000 http://sandra.imaginex.net/?p=58#comment-28 Baby: So many skills! That’s a real good thing! Now you need to think about your future! Become a consultant, get paid for your knowledge, I call it a hustle; I do taxes on the side! You’re probably wondering why? The number one reason is that you start building your portfolio and always have a little something to fall back on. The second reason is the tax breaks! Report your modest income; and write off all you’re your office expenditures; your computer, your online service, your cell phone, and your home office. Being a single person with very few deductions this could be economically advantageous! You can take a paper loss on your business for up to seven years NO QUESTIONS ASKED by the IRS, just save all your receipts! Just an example if your home is 1400 square feet and you use a 400 square foot room as your office you can deduct 30% of your Rent or Mortgage, 30% of your utilities, 30% of your insurance. Your car also becomes a business expense; just keep track of your mileage and repairs. JUST A THOUGHT! Baby:

So many skills! That’s a real good thing!

Now you need to think about your future! Become a consultant, get paid for your knowledge, I call it a hustle; I do taxes on the side! You’re probably wondering why? The number one reason is that you start building your portfolio and always have a little something to fall back on. The second reason is the tax breaks! Report your modest income; and write off all you’re your office expenditures; your computer, your online service, your cell phone, and your home office. Being a single person with very few deductions this could be economically advantageous! You can take a paper loss on your business for up to seven years NO QUESTIONS ASKED by the IRS, just save all your receipts!

Just an example if your home is 1400 square feet and you use a 400 square foot room as your office you can deduct 30% of your Rent or Mortgage, 30% of your utilities, 30% of your insurance.

Your car also becomes a business expense; just keep track of your mileage and repairs.

JUST A THOUGHT!

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