There are a lot of different tax deductions for a direct sales business, but it may depend on exactly how involved in the business that you are. This is a list of different deductions that you may or may not have in your direct sales business.
1. Lodging
2. Advertising
3. Business Bank Accounts
4. Checks
5. Shipping
6. Stamps
7. Cell Phone
8. Home Phone
9. Business Classes
10. Computer Software
11. Tax Software
12. Business Software
13. Booth Rentals
14. Online Classes
15. Books
16. Labels
17. Inventory storage at your home or elsewhere
18. Training
19. Helpers
20. Shipping supplies
21. Utilities (Portion)
22. Professionals such as a tax professional, or organization specialist.
23. Admission to seminars or shows
24. Legal fees
25. Insurance
Saturday, March 29, 2014
Tax Tips for Direct Sales Reps
Tax Tips for Direct Sales Reps:
Are you keeping track of your Income & Business Expenses for the end of year taxes? Here are a few links to choose the one that's right for you. (Learn more at http://ow.ly/uznC7 )
***Business Income and Expense Worksheet
http://www.bigbeartaxlady.com/business-income-expense-worksheet.pdf
http://www.bigbeartaxlady.com/business-income-expense-worksheet.pdf
***Self-Employed Business & Expenses Worksheet
http://nbaccorp.com/docs/4.Self%20employed%20business%20expenses%20worksheet.pdf
***Basic Business Expense Worksheet
http://www.taxlinkinc.com/Worksheets/business.pdf
***BUSINESS INCOME & EXPENSE WORKSHEET
http://currantax.com/images/Business_Income_Worksheet.pdf
*** Worksheet of Monthly Income and Expenses-HOME
http://www.peace-talks.com/pdf/budget.pdf
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