Work based from home opportunities are usually very attractive to most people. But, what exactly are the advantages to work based from home ? Work based from home opportunities abound, but is it really worth it to take them on? Read on then decide for yourself.
Making Your Own Schedule
Many people accept being told what time they have to come to work and leave for the day as a normal part of employment. Work based from home opportunities can change that way of thinking. When you are in control, you can set your own hours selecting those that work best for you. If you’re not a morning person, no problem. Spend the day taking care of personal affairs or simply relaxing, then tackle your work based from home business when the time is right for you. Or, maybe you are an early morning person. Still no problem! With a work based from home business, you choose the business opportunity that suits you best and create a schedule that works for you.
Having your own work based from home business, you can experience a sense of job security you don’t normally feel with traditional employment. Work based from home business ventures put you in complete control of your financial future. You are the boss and you make the decisions. You are not dependant on the decisions made by others when it comes to the success of the company. With a work based from home business, you call the shots.
Taxes, Advantages and Disadvantages of a Work Based from Home Business
As an employee, you are obligated to pay taxes. The same is true for a small business owner.
Self-employment taxes for work based from home can, in fact, be fairly steep. You’ll find yourself giving a greater percentage of your income to the IRS as a small business owner than you did as an employee. This is because you need to pay both the employee and employer portions of social security taxes and other deductions normally taken from an employee’s check. While these taxes may seem painful at first, they’re no reason to turn away from starting your own work-based from home business.
There are in fact a number of tax advantages associated with having your own work based from home business as well. For example, the portion of your home that is used for your business can be written off on your taxes. In addition, you can write off a portion of your household utilities on your taxes. Even if you use your home for your nine to five job, you can’t take advantage of these perks with every day employment. Work based from home businesses are different because your home is considered the location of your business and can be written off as a business expense.
You can also write off certain travel and entertainment expenses if they pertain to your work based from home business. The receipts for that dinner you had with your best friend to discuss how to start your business or that trip you took to California to learn about a successful work based from home pool maintenance company can be written off as business expenses. You can’t take advantage of those advantages with standard employment. Work based from home businesses open a whole new world of opportunities.
About the author
Roberto Castaneda Work Based from Home expert. Roberto’s views and ideas are published regularly on http://www.employment911.com