Home Based Business
If you have not already thought of starting your own home based small business, you should consider it. A small business, run from home - even part-time, can create a tremendous tax shelter for you every year. Start-up costs are minimal and overheads are low.
TAX ADVANTAGES
Many of the things you own may become partially or fully deductible, including the purchase price of the business! Check this partial list: how many of these deductions are you currently eligible for?
- Personal travel
- Automobile expenses
- Portion of home
- Interest on loans for assets used in the business
- Home computer and office equipment
- Telephone/fax
- Audio equipment/VCR/camera equipment
- Educational Videos, seminars
- Salaries paid to spouse/children
- Gifts to clients/associates
- Entertainment, meals, transportation
Check with your accountant or financial planner who knows your situation to see how a small business will help you and to determine what tax advantages you may receive.
You won't be alone! A recent study determined that there are over 2 million households in Canada conducting some kind of business from home. Home-based business has become an accepted part of the North American business fabric.
To learn more Click on : General Information
Please Contact:
Ehud (Ed) Estreicher
President
Email: ed@wildwoodcapitalinc.com
Phone: 416-223-8111
Fax: 416-223-4645
5218 Yonge Street, Toronto, Ontario M2N 5P6
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