Last year my AOL was deducted.

Thanks! I haven't even realized how much other stuff I can deduct.

Can people give an general list of what you all deduct?

 

Is there proof from PC or Pampered Partner somehow to prove my supply costs? I think I deleted a couple of my early orders that were showing on there.

If you earned super starter products, any incentives, consultant promos it will be on your statement that you get from HO with your commisions on it...

 

here's what I can think of off the top of my head as write offs:

mags-recipes and quicktips

newspapers-there are coupons and recipes

cable-gotta watch Rachel Ray!

aol-must use this board!

computer

paperwork supplies: catalogs, copies, any flyer or stand or crate used at a show

mileage

food-all meals with the hubby...or whomever... as long at PC is mentioned I write it off!

groceries... test those recipes

fake nails-now some will say no...but if you call them finger tip protectors.. then that would be like a supply (think towels and tablecloths)

any sort of new item that you could store stuff in that is pc.  I purchased an amoir and said this is what I put my paperwork etc in....works!

 

If you can refer it back to pc in any which way I write it off.

Pizza with your neighbors... potiental customer write it off!

Wow,  I think I really messed up this year! I thought that  I was  going to only do the super  starter months and then be done so I have not been diligent saving  receipts.  I guess I will have to do better next year!

 

Michelle

wing it.  and start saving now.

 

Easiest thing to do... mapqwest or other mapping thing to food store and target and walmart and anyother place you frequent for pc. multiply times per month... then multiply times 12  months.  MILAGE

I'm on a roll...

 

Think of all those stocking stuffers you purchase for the kids or secret santa at work... write offs... they were for hosts....or possible recruits!

POSSIBLE BUSINESS REALTED TAX

DEDUCTIONS

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ADVERTISING

 Flyers, newspaper ads, announcement cards, cable television commercials, business cards, etc

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AUTOMOBILE EXPENSES

 mileage to shows, meetings, recruiting, stores for business purchases, bank post office, tolls, parking, etc.

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BUSINESS SUPPLIES

 Name and address stamp, name tags, company paperwork and supplies, binders, aprons, calculator, batteries, baskets, blank audio and video tapes, company stationary, calendar, etc.

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BUSINESS TRAVEL

Transportation (air, rail, personal vehicle), auto rental, hotel/motel, telephone charges, valet services, etc.

Car repairs, license sticker, license renewal.  Lease on vehicle.  Interest on loan of vehicle. Car insurance.

Entertainment and meals are only deductible at 50%. 

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DEVELOPMENTAL EXPENSES

Business related magazines and newspaper subscriptions, conference registration, books, tapes, seminars, business related classes, etc.

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MISC. EXPENSES

Checking account expenses (check printing, surchages for minimum balances, etc) laundry expenses for business attire, child care (form 1066)

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OFFICE EQUIPMENT

Computer, printer, diskettes, ribbons, paper files, waste basket, desk, telephone, answering machine, bulletin board, etc.

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OFFICE EXPENSES

% of total square footage of your home solely for business purposes, % of utilities (gas, electric, water, garbage pickup) etc.  % of mortgage interest, % of house insurance

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OFFICE SERVICES

Printing (newsletters, flyers, etc), postage, long distance calls, etc.

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OFFICE SUPPLIES

Paper, pencils, paperclips, folders, markers, staples, post-its, whiteout, tape, etc.

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PARTY EXPENSES

Food for show items, door prizes, hostess "thank you" gifts, etc.

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PRODUCT KIT

Your original kit and any other products you buy for your crate, replacement items, crate accessories (towels, tablecloth, etc)

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PROFESSIONAL SERVICES

Attorney fees, tax prep fees, accountant, typist, secretary, etc.