Most people just go to the local income tax preparing office & blindly hand over their tax information to the accountants for a basic price to save money.
What they don't know is that if they only paid the extra fee to find a good chartered accountant that they could save a lot of money & at the same time get a bigger refund.
I am talking about writing off thousands of dollars not only hundreds.
You can write off a percentage of anything that cost you to make money such as:
1. Transportation expenses (car, fuel, repairs, rentals etc).
2. Office expenses (papers, advertising, staples, books etc).
3. Furniture (filing cabinets, desks, tables etc).
4. Computers, phones, cell phones & other electronic gadgets.
5. Special tools or devices needed.
6. Special equipment.
7. Apparel or uniforms.
8. Food or entertainment.
This list can go on & on if you are a business owner that has spent any expense to incur an income. If you are an employee then you may not be able to write off anything unless let's say you own a home based business. An employee that owns a home based business can then write off expenses but it would be best to consult a professional accountant before attempting to write off anything.
Here is a list of whack things that some people have written off in the past:
1. Breast implants.
2. Animal depreciation.
3. Cat food.
4. Body oil.
5. Clarinet lessons.
6. Dentures.
7. Dentures.
This is what I call really being creative (or weird) with tax write offs. Take this seriously folks. Find out what you can legally write off by consulting a professional accountant. The constant hike in fuel prices will not get any better. It is your responsibility to keep most of your hard earned dollars in your house hold. This is taking better care of your family.
If you don't take tax write off's seriously or think that you can't write anything off because you are an employee then find a good home based business to make you entitled.
Why should you leave money on the table?
