Each of the above business which can be run from home is considered as a "Tax Shelter" for working couples or working persons, or persons upon retirement, who have incomes in high tax brakets (see an example of income tax savings of $ 4,675.00 at the end of this web page or at section # 15, below. The final result is an income increase of $3,200 and a tax savings of $4,675 for a total
income/savings of $ 7,875.00 dollars. Note: with secure internet, I can plan your tax savings and prepare your tax returns across Canada. ). As consultant, I am looking for interested entrepreneur to start a business or interested in the expansion and growth of their business using "all relatively organized ideas, concepts, which relates to a specific area "in the volumes of the club of entrepreneurs" and magazine entrepreneur.
You have 30 days to claim a refund if you are not satisfied.
Maybe we could do export/import (see and click on the import/export business guide, above).
"Get a free copy of a guide to starting a business and a free copy of entrepreneur magazine".
Note: Two websites do the translation from french websites to English, although the translation must be verified with dictionaries that make the translation from french to English; the translation of "Google" is more accurate (if you have difficulties, you can send me an e-mail to:
papillon.daniel@videotron.ca).
See the webs sites address below and click on :
http://www.google.com/language_tools?hl=en
http://world.altavista.com/
Sometimes a partner can be the financial «backer» while you provide competence (the skill), and you get paid in salary. The ideal working partner is the one whose competence (the skill) is different from yours so that each of you can contribute to the success of the business other than investing the money. Whether your partner is an active participant or limited participant, he will normally insist on being consulted when management decisions will be taken.
The entrepreneur shall prepare a business plan. The "entrepreneurs club" consultant can help the entrepreneur to develop a good business plan. A good business plan is a valuable tool and a passport to obtain financing or a government grant or subsidy. No financial backer will not want to talk to you if you do not have your business plan on paper.
There are basically three ways to acquire additional money :
1) Investment
2) Second or Third Job
3) Home-Based Business
We offers you an opportunity to be in business for yourself, through our independent associate program...
As you know, in business the tasks are divided between specialized bodies of two types.
1 .- « Some are charged for guiding to carry out of a defined function ».
2 .- « The others are charged with the tasks necessary to perform this function ».
My tasks will be the number one (1) and your tasks will be number two (2).
For more informations concerning «the Tax Shelter» or informations concerning the 202 ways to supplement your retirement income or your income at present,
send me an e-mail to :
papillon.daniel@videotron.ca
Daniel Papillon
Management controller (marketing / sales)
Tax accountant (Expert-comptable)
Tel.: 450-754-4594
Fax : 450-754-1962
55 Ferland street,
St-Paul, Québec, J0K-3E0, Canada
Management controller (marketing / sales) : A person responsible for overseeing the running of a business, evaluate the methods, organisation, results
papillon.daniel@videotron.ca). See the webs sites address below and click on :
http://www.google.com/language_tools?hl=en
http://world.altavista.com/
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2. )
Sign up for a Doba Free Trial!
The wholesale is defined as the activities of persons or establishments that sell to retailers and other merchants and / or industrials, institutionals and to commercials business; and to finals consumers of good.
Satisfaction guarantee.------------------------------------------------------------
3. )
FREE Business Cards! WOW! Click here.
50% Off All Magnets - All Sizes
80% OFF Premium Business Cards & FREE Return Address Labels
FREE Deals of the Week
50% Off All Postcards
FREE Rubber Stamps
Note : you have 30 days to claim a refund for the products you bought if you are not 100% satisfied.
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4. ) To save 30% or more on the purchase of your car no matter the brand, please make a "click" on the domain name, below, for more information and to obtain a refund if not satisfied.
http://papillon55.viligent.hop.clickbank.net/
If you are satisfied with your experience, there is a possibility that you may become "assistant buyer" and that you help other consumers ( for a"fee") to save by buying at "Wholesale price". Maybe I will continue to advise you.
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6. ) Reportedly in the United States (and Canada qualifies), you can drive a new car for free or you can be paid up to $ 3200.00 each month to drive your own car as you normally do. For more information, and to get a refund if not satisfied, you must make a "click" on the following domain name, below:
http://papillon55.thefreecar.hop.clickbank.net/
I would appreciate receiving your comments.
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7. ) Why pay $ 25.00 or more per month for cable or for television services by statellite. Get over 3000 television on your desktop or portable free. For more information, and to get a refund if not satisfaction, you must make a "click" on the following domain name, below:
http://papillon55.ipodpsp.hop.clickbank.net/
I would appreciate receiving your comments.
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10. ) Save 50% of your expenses for automotive repairs. The cost of repairs to a car going tripled in the near future. For more information, and to get a refund if not satisfaction, you must make a "click" on the following domain name, below:
http://papillon55.mechanic.hop.clickbank.net/
I would appreciate receiving your comments.
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11. ) The easy way to buy and sell cars at a profit.
You can buy and sell cars at a profit, you can increase your capital by buying and selling cars. For more information, and to get a refund if not satisfaction, you must make a "click" on the following domain name, below:
http://papillon55.carbook.hop.clickbank.net/
I would appreciate receiving your comments.
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12. )
Note : you have 30 days to claim a refund for the products you bought if you are not 100% satisfied.
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15. )
Taxes: Life’s Biggest Expense
Most likely the biggest lifetime expense you will encounter is TAXES. The amount of tax you will pay has little to do with your total income and a lot to do with your knowledge of tax reducing strategies. A large percentage of the money you will accumulate in your lifetime is dependent on your tax reducing plan and not on your income. A good tax plan uses the tax laws to decrease your taxes. Your tax objective must be to increase disposable income by reducing taxes legally. You have every right to learn and understand the tax system, so you can take advantage of every legal means available to reduce the taxes you pay. We all live under the same tax and legal system and are all entitled to the benefits the system provides .DEDUCTION: Anything that can be deducted before paying taxes.
The Most Rewarding Tax Strategy
Now, try to suppress any negative thoughts about this until you read it entirely. It's a lot easier than you may think and the potential rewards are huge. Remember, thousands of very intelligent “middle-income” Canadians use this strategy year after year, and for most of the wealthy, it is their main tax reduction strategy.Owning Your Own Business
There is no better way to create tax deductions, than owning your own small business, and in most cases, running it from your home. We deal more with the logistics of starting a part time or full time business in section 1 of this web page, above, and at web site http://danielpapillon.webs.com/ , but for now, let's talk about creating deductions in your business.Personal Property
(Is Your home Mortgage Interests Tax - Deductibles ?)Many of the things that you consider personal property are claimed as deductions by those who have a small business. The easiest way to illustrate how this is done is to use an example. The business could stem from a hobby or interest that you now enjoy, from some special training you have or some special talent, or from joining one of the many Home Based Business opportunities available today (see section 1 of this web page, above, and my other web site http://danielpapillon.webs.com/).
But for now, let's have a look at how it has affected a fictitious couple we will call Bob and Mary Murray.
Bob and Mary have a small business. They are Independent Associates for Pre-Paid Legal Services, Inc. (PPL). Bob also has a full time job as assistant manager at Canadian Tire. Mary works part time at a doctor's office. They have put their Home Based Business in both of their names to give them more flexibility at tax time. The main functions of a PPL Associate is to share information on a $26.00 a month Legal Plan with their friends and family and to introduce the concept of the company to others who may be interested in starting their own business.
In the process of carrying out these activities, we should observe the following things.
A car is no longer a luxury for Bob and Mary, it is a necessity for them to carry out the duties of their business. Bob figures that about 50% of the time he uses his car, it is for the business. He adds up all his automobile expenses at the end of the year (of course he now gets receipts for everything). These expenses include such things as depreciation (or lease costs), interest on his car loan, gas, oil, repairs & maintenance, etc. He deducts 50% of these expenses from his income.
The Murrays own their own home although it does have a $190,000 mortgage on it. The basement of their home was not being used, so they turned it into an office and a large room for holding business meetings in. (It does resemble a rec room and the kids do use it when it’s not being used for business. After all, there is a TV and DVD Player in it that is used for watching training videos). The office and meeting room pretty well take up the whole basement, except for the laundry room, so together, they make up about 45% of the space in the house. At the end of the year, Bob adds up many of his home expenses. They include the interest on his mortgage, (which is actually, at this time, about 90% of his mortgage payment), property taxes, electricity, and furnace oil. Bob deducts 45% of these expenses from his “new business” income. He also deducts his long-distance and cell phone bills.
The Murrays do quite a bit of traveling. Wherever they go they make sure that they take along their PPL materials - a sales kit, a few videos and some literature. Last year they went to California. While there, they talked to some people about their business. They gave out some business cards and picked up a few from other people. (They put the business cards they received in a file with their receipts just to prove they were doing business.) They visited with some other PPL associates and attended a PPL Business Briefing in L.A. Of course, they deducted most of the expenses they incurred (except for the costs at Disneyland where they took the kids). They do use a Visa card when they travel (which is a great way to record expenses), so they deduct the interest and fees as well. Their deductions came to over $ 4,300.
Some of the other things that Bob deducted last year were that TV and DVD Player that he needed for his business. He also bought a Video Camera so he could record the meetings at his place and make some of his own tapes just to add a personal touch to his business. Bob subscribes to a number of magazines so he can keep in touch with what’s going on in the industry. Any stationary that he buys, their computer, the filing cabinet, the shelving and Mary's new desk all help with the deductions.
The Murrays are thinking of buying a Motor Home to make their traveling more convenient and flexible. They will deduct an appropriate portion of the depreciation on that when the time comes.
The Murray children get involved in the business as well. One of their older children does some telemarketing for them and other needs are filled by them throughout the year. Instead of an allowance, the children are paid as sub-contractors. It is a little higher than most allowances, but with it the children are required to buy some of their own clothes as well as contribute to their education expenses. (Mary actually looks after most of their money for them.) Bob has set things up so that the money that goes to the children is a deductible expense. Bob and Mary know that their children can earn around $10,000 a year before they have to pay any taxes. The fact that the children earn money and file a tax return each year has other important tax advantages as well (discussed later).
In the first year in their new business the Murrays only earned $ 3,200. But, their business deductions came to $ 18,500. The income was attributed to the one who did the work in proper proportion. In this case it was mostly Bob. The Murrays know that you are allowed to lose money in a business and you can, in most cases (see "important note" following), charge that loss against earned income. They know the tax rule says that a business must have "a reasonable expectation of profit", and they do expect to make a profit in the next few years.
However, they didn't make a "profit" last year, but Bob did get $ 4,629 back from his income tax (the tax he had paid through his job at Canadian Tire). He then put that into an RRSP. And created another big deduction for next year.
Now, let's look at what DEDUCTIONS the Murrays created (or will create) by owning their own business. They deducted, (or will deduct) all or part of the expenses relating to their:
Car Gas, Oil, and Maintenance Other Auto Expenses Mortgage Interest and Taxes Magazine Subscriptions Stationary Computer and Printer Office Furniture Credit Card Fees and interest TV Utilities and Telephone Vacation Expenses DVD Player Cameras Recreation Vehicle Children’s Allowances
IMPORTANT NOTE :
All of the above deductions can be used to reduce taxable income payable against other earned income except expenses relating to an office in your home. In other words, in the case of the Murrays, where the actual income they received from their small business was $3,200, the most that they could claim for mortgage interest & taxes, and direct home expenses like electricity and fuel oil, would be $3,200. They could, however, carry forward to future years, any loss not used, to be used then in accordance with the same rule. All the other expenses, if valid deductions, could be used to reduce the taxes payable even from Bob's salary from his regular job.Also take note that some expenses such as computers, leased automobiles, and entertainment require a little more work to establish the amount you can deduct than just adding up the receipts. However, such computations are not the purpose of this site.
How Easy Is It?
Starting a home based business that will qualify you to do what Bob and Mary did is very, very simple. (see section 1 of this web page, above, and my web site http://danielpapillon.webs.com/ ). You don't need to incorporate a company or even register a name. It really is simple.Look At The Example Now :
Now, let's go back to the example used earlier where a person with a $65,000 a year income was paying $12,933. in taxes. Here is how it looked before the strategy of a Home Based Business was injected into the scenario:Let's assume you earned $65,000 and the only deduction you had was your “Basic Personal Amount” of $10,375. This would mean your taxable income is $65,000 minus $10,375. which is $54,625.
Here is what you would pay (roughly) on a "taxable income" of $54,665. :
21% of the first $40,000 = $8,400.
31% of the balance of $14,625.= $4,533.1
( You have no taxable income that falls into the higher brackets)
TOTAL TAXES DUE = $12,933.
Now let's suppose you had that $3,200 extra income that Bob received from his home based business and the $18,500 deduction. It would then look like this:
You earned $65,000 at your regular job plus the $3,200 from your business. Now your deductions are your Basic Personal Amount of $10,375 plus the $18,500 business expenses. This would mean your taxable income is $68,200 minus $28,875. How much tax do you pay now?
Taxable Income is $68,200 minus $28,875 = $39,325 (Compared to $54,625 in the first example.)
21% of $39,325 = $8,258 (Total Taxes Due)
TAXES SAVED = $4,675
The final result is an income increase of $3,200 and a tax savings of $4,675 for a total income/savings of
$ 7,875.
For a different perspective, this makes the monthly financial benefit of this part time business $656 a month ($3,200 earned and $4,675 saved, divided by 12). Not a bad little part time business. That's a 35% reduction in tax payable. And really, this is a very conservative example. If you take your Home Based Business seriously, not just using it as a way to reduce taxes, the results can be so much more rewarding.
The address of my other "web site" is : http://danielpapillon.webs.com/
Below, the C.V. (or the Writing a Resume)
My name is : Daniel Papillon My address is : 55 Ferland street, in St-Paul, Province of Quebec, Canada, the postal code is J0K-3E0 My telephone is : 450-754-4594. You will see in the web site - http://ezinearticles.com/?Freelance-Bookkeeping-Rates---How-to-Charge-For-Your-Bookkeeping-Services&id=5446790 - that working from home as controller or assistant controller allows the employer to make significant savings.
I have my degree in accounting auditor; I have my diploma, CGA (certified general accountant); I am specialized in import / export and in marketing.
I think I could help your business enterprise to increase sales and profits.
If you need more information, please send me an e-mail to :
papillon.daniel@videotron.ca
Also, since my son is a mechanical engineer, I could as well working from home to carry out a service in mechanical engineering under the direction of my son a mechanical engineer.