This post is about the ASN prepare services. This service is not like most tax prepare services, because these preparers look for every write off that you have available but most tax preparers just do not look for. Generally, all expenses incurred in the maintaining or expanding of any endeavor intended to make money or increase personal assets are deemed as tax deductible. The website has four examples these are;
1. HOME. Your home often is your place of business. Are you using your living room to hold business meetings; do you have a spare room for an office? Do you make coffee for your clients? Do you have a place in the home that you store your tools of trade? Since you are allowed tax deductions for the upkeep of your place of business, you are allowed deductions for maintaining your place of residence.
2. AUTO. Any driving which takes you to or from any place in which you have performed or intended to perform some action or actions which in some way directly effects your business, is allowed as a mileage deduction.
3. BUSINESS MEALS. Any time that you dine in any restaurant or other such establishment, it can be considered a business meal and therefore tax deductible if you were in the company of a prospective customer or business associate (If an "active" ASN member, your spouse is a business associate); and if during the course of the meal, some aspect of the business was discussed the said meals and refreshments are deductible. (Check current tax information for correct allowable percentage.)
4. TRAVEL EXPENSES Virtually all expenses incurred during the course of traveling with the purpose of maintaining or expanding your business are tax deductible. For example: Let us say you live in California and for the purpose of expanding your business or meeting with prospective customers or partners, you decide to spend two weeks in Florida.
These are a general overview of tax advantages that are often available but missed not legal advice. It is advised that in every case shown above, you must keep accurate records if you are to qualify for the tax deductions. If you want to find all of the tax write offs that you are elligable for that most preparers just dont look for then click here.
