Did You Know? Home Based Businesses

Can be financially beneficial.

What I mention is Australian, but could apply anywhere around the world, you will need to check your own country’s tax rules.

How many of you get annoyed when big business pays little or no tax?

From my experience, they do pay tax, just intelligent about it.

How many of you enjoy the free beverages, food, vehicle use, office supplies & facilities provided at your workplace?

That’s how they do it, each of the above are tax deductions.

Everyday humans can receive the same benefits.

Applying for an ABN is easy, starting as an Individual/ Sole Trader.

Ever thought about being reimbursed for lunch, coffee, dinner?

With an ABN, & eligible Business, if you obtain a receipt, it may be deductible.

Vehicle running costs too.

Please check out the link, as it details most common deductions.

https://www.ato.gov.au/business/income-and-deductions-for-business/deductions/deductions-for-home-based-business-expenses/

FYI: If you become a Business Partner of MCC, you might be able to claim the joining cost too.

Many everyday humans don’t know about these benefits. I found out about them, during my short time, working for the ATO.

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