Hidden Benefits of a Home-Based Business
Starting your own business is a complex project that will take you plenty of research, time and financial investment (at least at first). Even though you may be taken aback by all the risks of failure, you might also want to consider the benefits of this plan.
Let’s take Jane as our example. She has her own business as a consultant and her office is in the former guest bedroom of her home. If 15% of the square footage of Jane’s home is required to run her business, she deducts 15% of her mortgage interest, property takes and insurance premiums. Furthermore, Jane also gets to deduct 15% of her annual heating, electric and water bills – not to mention office supplies, travel, advertising and other business expenses. How does that sound?
