The Benefits of Home-based Franchises, Freedom, Flexibility, and Income Tax Advantages
Office in Home is one income tax deduction for business owners who operate a home-based franchise
Entrepreneurs who work from home enjoy the freedom to make their own hours and be their own boss. People who work from home have no dress code, and they often spend less time and money on travel expenses commuting to and from work. Many people find a home-based franchise that allows them to get paid for doing something they enjoy. From senior care to home repair to children’s services and more, there is a franchise for every interest.
In addition to freedom and flexibility, those who work from home might be able to claim a nice income tax deduction. The home office deduction is for those who use one or more rooms in their home to conduct business.
The home office deduction allows business owners to deduct a prorated amount of expenses based on the percentage of office space compared to the total square footage of the home. Franchisees may be able to deduct a portion of their homeowner’s insurance, rent, repairs, utilities, depreciation and more.
The self-employed typically pay more income taxes because they do not have an employer who pays half of their FICA tax. Self-employed individuals and business owners can talk to their accountant to learn more about qualifying for income tax deductions.
Aspiring entrepreneurs who are considering a home-based franchise can find a list of franchise opportunities at FranchiseSforSale.com, an online referral service for franchisees. Visit http://www.franchisesforsale.com to learn more.
Contact:
Gail Parker
28284 Franklin Road
Southfield, MI 48034
888-903-7262
gail@franchisesforsale.com
This press release was submitted by Right Now Marketing Group, LLC
Contact Information:
Franchise for Sale
Gail Parker
Tel: 888-903-7262
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Franchise for Sale
Gail Parker
Tel: 888-903-7262
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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