| It's often said that there are two things we can | | | | percentage you use for business. |
| depend on in life: death and taxes. The former will | | | | 2. Employ family members. Paying a salary to |
| certainly remove all worry about the latter, but until it | | | | members of your family is one way to reduce taxes. |
| happens, you have to pay taxes. The Chicago crime | | | | Get your grown children, or wife, or both, to do simple |
| king of the 1930s, Al Capone, got away with murder -- | | | | tasks for you. Give it some thought -- you'll find |
| literally, but it was not paying his taxes that put him in | | | | something legitimate for them to do! |
| prison. You can learn how to avoid taxes, you should | | | | 3. You can write off many work-related expenses. |
| keep it legal! | | | | And I don't mean just the obvious ones either. Sit down |
| 1. Having your own home based business can be an | | | | and think about it and you'll be surprised what comes |
| excellent tax shelter, if managed properly. The things is, | | | | to mind: training, business tools, union dues, depreciation |
| when you work from home, many of the expenses | | | | on your cell phone, travel expenses, etc, etc. |
| that previously were your responsibility, can suddenly | | | | Remember, there's a difference between avoiding |
| become tax-deductible business expenses. Things like | | | | taxes, and evading taxes. The former is legal and the |
| heating, lighting, insurance, water, etc, can all be included. | | | | latter will put you in prison, just as it did Al Capone. |
| You can't claim the full amount, but you could claim tax | | | | There are many excellent sources that can tell you |
| deduction on say, 25% of your house, or whatever | | | | more about how to avoid taxes. Seek them out. |