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The Current Federal & State Tax Structure
Benefits The Self-Employed, Corporations.
This is an area that is overlooked in small
business,
Its not how much you make, Its how much you keep.
Taking advantage of the tax system is an area
that should not be overlooked
Your Amsoil Dealership
(Basic Sole Proprietor)
Sample Tax Deductions:
 | Deduction of Business Personal Property |
| Dealer fees, manuals, training material, Business Cards, etc. |
| Computer Software |
| Books, Subscriptions, and Supplies |
| Samples |
| Brochures |
| Telephone Services |
| High speed internet Service |
| Web Site |
| Travel, Hotels |
| Business Meals and Entertainment |
| Business Liability insurance |
| Health Insurance and Medical Savings Accounts |
| Wages for Home-Office Workers |
| Retirement Plans for the Self-Employed ( 401k - SEP ) |
| Business Vehicle Use (mileage) |
| Car expenses' repair-service-fuel, tires, etc. |
| Home Office |
| Advertising Costs, Business Cards, Postage, etc. |
| Travel Costs |
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Sec- 179 business equipment deduction (Computer? Desk? Camera?) |
Even if you
didn't make money at first, you still take deductions on expenses you would
have anyway.
As long as
your intent is to make a profit, you can deduct, and pay less in Taxes!
Other Steps Could Allow many additional Tax Deductions
- S-Corp or C-Corp or Non-Profit Corp or Wyoming C- Corporation?
- LLC ( Limited Liability Corporation)
*** Did you know if you had a C-Corporation, your
Corporation could reimburse you for all of your medical costs including
health premiums and you would not pay any taxes on these monies on your
individual tax return, and the Corp would deduct as an expense. *** must
have proper documentation in Corp resolutions, minutes, etc.
*** This is not
legal tax advice, but information from reputable tax & incorporation web sites.
Consult a CPA or legal tax counsel for proper documentation. |
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