Tax Saving Tips

March 25th, 2008 by admin

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It is amazing how much helpful information I get from emails. I do take time to read a lot of them for advice like this. Here is an email from my friend Nancy who makes over 15,000 a month in the Network marketing companies I am in. Nancy is awesome. Here is her email:

Subject: Berry Tree Benefits
Date: Mon, 24 Mar 2008 15:13:45 -0400

Hi, Berry Tree Members!

Just a quick hello from one of your upline members.

Did you know that by devoting just 4 hours per week to your business, you become entitled to an amazing amount of tax deductions?!

Working 4 hours per week at your business is what it takes to classify your business as a business and not a hobby. Hobbies are not entitled to tax deductions, but businesses are!

These deductions include a portion of your rent/mortage, utilites, office supplies, advertising, etc. They can add up to thousands of dollars that will end up back in your pocket at tax time, instead of being paid to Uncle Sam. It’s like Uncle Sam is paying for your business!

I use www.taxreductioninstitute.com as my guide. Check out this website. There are some free tips available to get you started.

My experience has been that my deductions have offset my investment (monthly autoship and more), so it was kind of like getting my products for free!!! It puts you ahead of the game right from the start. By the 3rd year, I was able to also show a profit in earnings. It’s been win-win all the way! It takes 1 to 3 years to build a strong foundation for your business. Somewhere around year 5, you should be approaching that walk-away income that we all dream about. The more attention to put towards your business, the bigger the rewards.

The Berry Tree rewards you more, the longer you stay involved! I’ve always had a 5 to 10 year plan in mind since I joined. It’s very realistic to approach it this way because, like any business, it’s takes about that long to reach a point where it’s thriving.

We can all use some extra monthly income and it’s really going to a great thing to have for future retirement, too!

Have a berry good day!

Nancy

Thanks for the email, Nancy. I hope this helps a lot of people.

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