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To What Extent Is Buying A House An Investment?
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[QUOTE="Black Panther, post: 11487, member: 3"] In the real world, things don't work like that. But the main reason why some many home-based businesses end up overpaying their income taxes is due to the fact that they may not be aware of legal [B]tax deductions[/B] which help to reduce the overall tax bill. The best approach to go about this if you are a home-based business owner is hiring a [B]CPA[/B] (certified public accountant) to help you out with your tax obligations so that you stay at the right side of the law. If you are fully well versed in the area of home-based tax deductions then, of course, all is well so long as you pay your taxes on time. Nevertheless, some of these home-based tax deductions include things like: [LIST] [*]Leasing costs [*]Car expenses [*]Mobile and Internet bill [*]Business Travel expenses [*]Office supplies [*]Meals and entertainment expenses [/LIST] Word of advice is: home-based tax deductions will differ from country to country. So it's in your best interests to check with your local jurisdiction and keep yourself updated with tax laws. [/QUOTE]
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To What Extent Is Buying A House An Investment?
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