Wednesday, November 4, 2009

Understand the Benefits of Working From Home

There is a great deal of hype surrounding the controversial idea of starting a work-from-home business. But the fact is, whether you want to sell things on eBay or if you're toying around with the idea of purchasing a turnkey business, there are plenty of benefits that can make the entire aspect of working from your home all the more appealing.

The first picture you are likely to summon into your head is one that involves you huddled behind your computer in your house robe and slippers, nursing a never-ending cup of coffee. This vision, however, is merely scratching the proverbial surface of the benefits that can be had from being a work-from-homer.

Take into consideration the financial perks that you can reap. By cutting out the need to commute from home to the office, you will ultimately save a great deal on your gas purchases, but that isn't all! The less often you use your car, the less mileage you're putting on the engine; in turn, this means that you won't have to fork out for costly maintenance as often.

What about lunches? Say you usually eat lunch at a relatively cheap restaurant such as McDonald's or Burger King. A meal would run you around $4, right? Multiply that over five days a week and you've spent a total of $20 on food-and that's not including breakfast or dinner! Even if you take a pack lunch, you have to factor in the costs of the food, sandwich bags or aluminium foil (if you use them), drinks, etc. You can see how these costs add up over time. Of course you'll still eat at home, but you're more likely to cook a proper meal or turn to leftovers, rather than hunt for a convenient eatery or purchase all of the good necessary for a sack lunch.

Let's move on to taxes. When you start working from home, the government is willing to offer a certain amount of leniency toward you. For instance, say you convert a bedroom into a full-fledged office. You only use this room for work purposes and get a second phone line there solely for work use. As this room is now part of your "business" (which it will be, unless you're telecommuting as an employee for a company), you can get tax exemptions for part of your rent/mortgage and the cost for the second phone line. The tricky part, really, is that you have to figure up the percentage of your bills that your "office" truly uses. If you have a CPA or other qualified individual file your taxes for you, they can help you crunch the numbers correctly. This can apply to most genuine expenditures that you use for work, such as the Internet, electricity, and buying a computer, fax machine, or printer for sole work use.

If you think that starting a work from home career sounds great but you aren't sure how you can do it, try doing a bit of research online. Look into turnkey opportunities or find out what items are hot among the e-market and figure out how you can provide them. There is an entire world of opportunity available online-you just have to be willing to go out and find it!

http://www.nobullmoneymaker.com/

Article Source: http://EzineArticles.com/?expert=Claire_Curtis

No comments:

Post a Comment