Posted on May 3, 2015
Most of us don’t like to file our taxes each year, fearing we will owe serious money to the Internal Revenue Service. What were the tax consequences of your actions for 2014? Tye reality is that it becomes increasingly clear that the more tax deductions you have is better. Did you know that the federal government actually gives us tax deductions as an incentive for starting a home based business? Not everyone realizes that you can actually claim the costs of doing business from your home on your tax return but you can.
Resourceful individuals and those with a Certified Public Accountant with a good head on their shoulders take the time to share with their clients simple things they can do in 2015 to minimize their tax risk. CPA’s know that there are significant benefits in having a home based business even if it is part time. Unfortunately as tax time rolls around, your CPA may be so busy they don’t have time to tell you how to save money for next year. You are also able to claim part of your home as an allowable business expense if the space is used only for your business. I am able to use my home business office as an allowable expense. You can find more information on this deductionMore details on this deduction are available at the IRS link here.
The IRS definition of a tax deductible home business expense according to the IRS Publication 535 Business Expenses says a tax deductible business expense must be the following “To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for your trade or business.”
The best thing you can do is to keep excellent records of the cost of doing business. There are so many deductions available. You can deduct mileage for anything related to your business so it is vital to keep a log of trips and the actual mileage daily. You can simply not the mileage as you leave and when you return as well as the purpose of the trip or the name of the customer or potential client or event. If you take the time to keep your records, you will realize that accurate records can save you thousands in federal tax from the Internal Revenue Service. There are time saving apps that help make it easy to keep track of all of your expenses. The cost of a great app can quickly pay for itself by reminding you of important deductions you would have otherwise missed. I find that the best mobile phone app on the market is called Deductr. I love this app and definitely recommend it. It really is a great way to make sure you keep track of potential deductions including your mileage and all receipts.
What do you do if you don’t have a home based business and need the tax write off? You will only want to look for a reputable network marketing business, as thishas the potential to provide you with a serious income stream as long as you put in the effort and push for success. I personally know many individuals that are very successful in the network marketing industry, partly because of the residual income they continue to receive. I highly recommend that you look for a company that has been in business for five years or more and is debt free. That is what network marketers like Robert Kiyosaki and Donald Trump followed. Of course the product line they sell must be something consumable that people will need to purchase regularly with no or very limited competition and that is so effective that you will have long term customers who share the benefits with others helping to grow your business and your success in the team.
I was blessed that a friend from church shared an opportunity with me that changed my life five years ago. I became involved in Xocai, The Healthy Chocolate Co. five years ago. I am now a gold executive in the business and working my way up to the next level of platinum. I am able to claim tax deductions for starting my own business, I can earn unlimited income based on my full or part-time goals and needs, I have earned two Royal Caribbean cruises so far paid for by the Healthy Chocolate Company, met the owner and the top people in the business and am truly blessed to have an amazing upline. Being able to work with a team of people who want you to succeed, that really makes the difference in being a success in network marketing. Not all companies are the same. Do your due diligence. I love how affordable it is to get started in the healthy chocolate business. I recommend starting with the wealth pack which runs you $499 plus tax, that is it! That gives you your website without monthly website fees, an amazing selection of patented cold pressed healthy chocolate products that are antioxidant superfoods as well as the cacao based Xophoria skincare line that is impressive in it’s ability to have men and women looking younger quickly. My age spots disappeared and I beyond thankful. I also love that people think I am 35. I will be 50 in May and I credit the antioxidants in Xocai healthy chocolate and the Xophoria skin care cream for keeping me looking young and getting rid of those horrid age spots.
Honestly the key is to find a company you can believe in. Keep exceptional records or find an app that can do it for you. You can do it the old fashioned way or with your smartphone. It really does not matter as long as records are kept.
The cost of starting up a business is usually tax deductible. You will always want to check with your tax advisor to verify but all information provided is directly from the IRS site. Everyone should seriously consider a home based business for tax purposes. It is a great way to earn additional income and have the flexibility to work from home if you choose. It’s time to get your life back. A home based network marketing opportunity can provide you with residual income for a lifetime and to pass on to your family and tax savings for the long term. Check it out. It was honestly the best decision I ever made.
My name is Lynette Henk, I am a Gold Executive with Xocai, The Healthy Chocolate Co. I am blessed to be paid by helping others succeed and improve their health. You really need to give me a call so we can get you started today. I recommend the wealth pack, it is the easiest and most affordable way to get into what I consider to be the best MLM opportunity out there. Just wait til you hear about the amazing compensation plan! The wealth coding bonus alone is huge. If you want to start earning money in your pocket quickly, this is something you will want to seriously consider. I am available at (877) 208-8172, you are welcome to email firstname.lastname@example.org or please visit me at noglassceilinghere.com.
Posted on April 21, 2015
I have been reading up on coding bonuses and the more I read about it, the more I like it. The company I have been involved with for the last five years is now incorporating the coded bonus which they are calling a “wealth bonus”. The cool thing is that they are keeping the current 8 ways to get paid in the business and are adding the 9th coding “wealth bonus”. For those not familiar with a wealth generating coded bonus or “wealth bonus”, here is a brief overview of how a coding bonus could work.
When you have been code qualified through your network marketing company, all the people that you sponsor and that they sponsor are then coded to you. In most wealth building coded bonus situations, you would then receive a check when they sign up any new people. The new people will then receive a check when people they sign up go on to sign up other people. This can be lucrative and in most situations is not the only way you would be paid.
As soon as I did my research on the Xocai wealth pack option and bonus system, I was immediately on board. I could see dollar signs and the potential for serious dollar signs. Honestly, my excitement was not just about the coding bonus but the other changes that were happening along with it. This wealth pack has been quite interesting as I have people just waiting to pay their $500 to get their wealth pack and get involved in the Xocai business.
I love what is included in this pack, which is a sampling of all the Xocai the Healthy Chocolate Company product line products. When I received my pack, it included Xocai healthy chocolate nuggets, power squares, omega squares and Xobiotic squares in a variety pack, 1/2 case of the Xocai protein shake, a 12 pack of the Xe Xocai energy drink that Bill O’Reilly raved about on his O’Reilly Factor, a 28 day supply of the Xovitality anti-aging capsules that include antioxidant power, energy and immunity and heart and brain. These are wonderful and my husband and I swear by them. You also get the Xophoria shampoo and conditioner which has been amazing for my thin hair and you get the Xophoria anti-aging skin care cream for men and women. This works so well that people are starting to think I am only 35 when in fact I will be 50 this May. You also get the Activ which is as close as you can get around here to the Mayan drink made from raw cacao that is full of antioxidants and flavonoids. You get all this and new distributors get a starter pack that gives them everything they need to get started in the business and a back office and website.
Interestingly, “WHO” is doing Network Marketing in America today Silent generation: 16% Baby Boomers: 31% Gen X: 31% millenniums 22% Network Marketing/Direct sales is the business of the 21st Century as noted by leading business authorities. Network Marketing is a better way in my book. Is it perfect? No, but honestly nothing is. Creating a life without limits, meaning time freedom and financial freedom, now that is something. Leverage is the KEY.
Contact me today to get you set up with your Wealth Pack for just $499 plus tax. I can be reached at (877) 208-8172, you can email me at email@example.com or visit my website at LiveForChocolate.com.
Posted on April 16, 2015
Most Lucrative Home Based Business For Men and Women According To Warren Buffet, Donald Trump and Robert Kiyosaki
I had worked as a middle manager for General Electric in Barrington, Illinois and I loved the career path I was on. I loved the exceptional training and advancement opportunities that were available to me at GE Capital. My husband and I had been trying to get pregnant for nearly 7 years. When I finally did get pregnant, there was no question in my mind that I would quickly return to work once my son was born. I did actually go back to work after an 8 week recovery from a cesarean section.
I was not back for long when I realized just how difficult it was going to be. I respect a womans choice to decide to stay home with the kids or go back to work. There is no easy answer and unfortunately many of us have no choice but to return to work as we need that paycheck direct deposited in our bank account to survive. In desperation, I emptied my 401K which I don’t recommend and decided to stay home with my son. My husband although supportive was very surprised that I decided to stay home.
I searched out jobs to do from home and did not have much luck. There were not many telecommuting jobs available back in that time. Over the years as I had two more children, I did find work from home however it was grueling and paid significantly less than what I earned as a manager at GE. I say grueling because you really have to go above and beyond, do something to prove you work the hardest when you work from home. Most employers or a boss at some point honestly believes you are slacking when you work from home even though that is rarely true. In fact at one point our entire group was laid off because of that assumption and whoever was willing to come back was hired again three months later after determining we were doing double the work of the staff in the office. Actually most people who work from home work even harder to prove their worth which can become grueling. One job I had required a pager (remember those days) and for you to be available 24/7 to handle emergency issues. You could expect to be up all night working and all day with the baby. Not only did I not get any sleep, it paid peanuts and was not worth the crazy schedule.
I guess what I am saying is there are opportunities to work for any employer from home but they are often low paying high demand jobs. It was then that I realized I needed to work for myself. I found a great opportunity in Network Marketing also called Direct Sales. I believe direct sales can be an exceptional way to work from home while raising your children because you have the flexibility to work on your schedule. It is also great for those who want to retire but still keep busy and earn extra income. It can be a great opportunity for a stay at home mom or dad, grandma or grandpa or anyone who is tired of working 40 to 60 hours a week or more and not having a life. If you are not familiar with network marketing and direct sales or have it confused with a pyramid scheme, you seriously need to check out the industry as there are many wonderful ways to earn a good living.
There are lots of great network marketing companies out there but they are not all ideal. The key is to do your due diligence before taking the plunge with any company. Donald Trump, Robert Kiyosaki and Warren Buffet are just a few of the billionaires who realized the potential with the direct selling industry.
Here are some things to consider:
- Are the products unique? Are they something that consumers want? Is there a demand for the product? Is the product consumable? Will customers need to re-order often?
- How long has the company been in business? Most of the billionaires who got involved in network marketing would not consider a company that had not been open for at least 5 years.
- Is the company debt free? Will they have enough money to pay their distributors? If you are going to work hard, you need to be sure you are going to get paid.
- Is the company poised to expand?
- Is the compensation plan a good one? How much does it cost to get started? Are you charged monthly fees for a basic website? What kind of support do you receive?
- Is this something you can get behind and be passionate about? Do you believe in the products? Are you a product of the product? Do you use the products yourself?
I have been with the same network marketing company for five years now. I have reached the level of gold executive and have earned two corporate rewards cruises so far. The company I work with has been in business for nearly 10 years and is debt free. The compensation plan and the 9 ways you can get paid are some of the very best in the industry. But more important than any of that is the product line the company offers. This company has a patented process for their product line and there is no competition. There is also great demand for the products. These are just a few of the reasons why I love the business I am in.
I am Lynette Henk, Xocai healthy chocolate gold executive distributor. I coach individuals to build teams to help them succeed and grow a successful business. Change Your Chocolate. Change Your Life. For me it is the best way to achieve health and wealth.
Posted on April 15, 2015
What Are Coded Bonus Network Marketing Compensation Plans? Can The Coded Bonus Make Millionaires in Network Marketing?
Have you heard of the coded bonus?
This is a popular style of bonus in many network marketing businesses. Most network marketing companies offer the coded bonus as an additional way to get paid. This can be a great business opportunity and I have heard that millionaires have been made with this type of coding bonus. Take Xocai Healthy Chocolate, a 10 year old debt free network marketing company, they have 9 ways to get paid, one of those ways is with the coded bonus. There are many network marketing companies that have a form of a coded bonus in the compensation plan. Some of these companies include Nerium, Send Out Cards and Youngevity.
The way a coded bonus generally works is this:
When you have been code qualified through your network marketing company, all the people that you sponsor and that they sponsor are then coded to you. You will receive a check when they sign up any new people. They will receive a check when people they sign up, sign up other people. The potential for earning can be substantial.
According to MLM Legal, “The newest kid on the block is referred to by different names, including enroller bonus and (one-time) coding bonus. Although there are variations on its implementation, the upshot of the approach is that a one-time bonus is paid on the first month’s sales volume of a new distributor that has been “referred” into the sales organization by the enroller. The word “referred” is used because the new recruit will not necessarily be personally sponsored to the enroller, but may be, in fact, placed deep in the sales organization under another distributor. The enroller receives a leadership bonus on the first month’s activity volume and all other downline bonuses on the sales organization are paid normally. Also, in order to receive enroller bonuses, the enroller must have achieved a requisite volume themselves in their first month’s activity.”
I am excited about the launch of the new coded wealth bonus with Xocai Healthy Chocolate and the Wealth Pack that get you started in your own home based business building coding bonuses of your own and serious income. Xocai healthy chocolate has 9 possible ways for you to get paid. I believe it is one of the very best compensation plans in the industry.
Give me a call at (941) 255-3868, (877) 208-8172 or visit me directly at LiveForChocolate.com. The Wealth pack is a new product so give me a call to get started. This is going to be huge.
Jeffrey A. Babener, http://www.mlmlegal.com/enroller.html
Posted on April 14, 2015
She Earned $6,000 in 3 Weeks; How To Create Wealth Quickly Xocai The Healthy Chocolate Company Wealth Pack and Wealth Bonus Testimonial
If you are checking out this site for the first time and wonder what you have stumbled upon, thank your lucky stars.
You have just found something that can completely change your life. Not only does this opportunity offer one of the most amazing compensation plans in the industry, the products are amazing and are changing lives. I got into this business because my family had health issues and we wanted to get better. I had heard that the Xocai patented cold pressed chocolate was the highest antioxidant product on the planet so I figured what did we have to lose. That was five years ago and I have never looked back.
I am a gold level executive with Xocai the healthy chocolate Company. I have been on the last two Royal Caribbean Xocai reward cruises and I have had a blast both times. My husband and I really enjoyed the balcony cabin and the wonderful ship amenities. I enjoyed all the training with million dollar and more earners and speaking with the founder of Xocai the healthy chocolate, Jeanette Brooks as we were leaving the port in Florida. The entire Brooks family is the most honest and full of integrity people that I know. They honestly care about each one of their distributors. I promise you that is rare in the industry. Another thing that is rare is a company that is debt free. Xocai is one of the few that can claim this.
The Xocai protein shake was featured on the cover of the American Journal of Bariatric Medicine along with the study that verified an average weight loss of 31 pounds in just 12 weeks eating healthy chocolate, protein shakes and a normal healthy dinner. The Xocai XE Energy drink was mentioned on Bill O’Reilly’s show the O’Reilly Factor on his tip of the day when he mentioned he drinks this healthy energy drink every day.
Antioxidants, flavonoids and polyphenols.
These are words you are going to hear in the news more and more. Antioxidants, flavonoids and polyphenols are abundant in our products. The high amount of antioxidants is why people notice a difference when they start eating the chocolate. Many notice improved mood, energy, sleeping better and less aches and pains. This is the best way I know of to get antioxidants and bless others lives.
Is there anything better than helping others and getting paid well to do it on your flexibible schedule? I don’t think so.
I am Lynette Henk and I would love to help you get started in this amazing business. Whether you want to be an online marketer or work in person, this is the best time ever to get started with this business. The best way to get started in this business is with the Wealth Pack for just $499. This gets you started in your business and gets you the products you need for a full understanding of the product line. With the new wealth bonus, you can earn serious income quickly and that is just one of the nine ways you can get paid.
Take the time to listen to Serena in the video above. In the business for just 3 weeks and she has earned over $6,000. Are you the next Serena? Give me a call at (877) 208-8172, (941) 255-3868 or visit me at LiveForChocolate.com.
Don’t wait. The time is Now.
Posted on April 2, 2015
If you want to make a difference with your network marketing or home based business, the value of a blog is something you really should look into. Blogging gets your customers to your door or website. When you blog at least twice a week, your potential customer base has the opportunity to hear from you regularly.
The key in writing a blog is to write something that you know about and provide the reader with information that is helpful to them. I have been blogging for the last five years at my healthchocoholic.com website where I blog about health and dark chocolate. My team had requested I blog about the network marketing opportunity and how to become successful in business online so I have decided to include it here. If there is something specific you would like me to cover, just ask and I will see what I can do.
Some individuals prefer to build their business online and others prefer to build it in person or over the phone. Whatever your method, I highly recommend you consider adding a blog specializing in your specific talents and get your name out there. By sharing vital information with your customer base, you are advertising your services and people that otherwise may not find you will now see you on a google or bing search.
Think about your business and your personal interests. What interest you enough that you can write about it at least twice a week. If you are going to do a blog, it is key to be consistent. You can’t write a blog post once a month and expect people to find you. Take the time to regularly post and watch your readership grow.
I am Lynette Henk, Gold Executive with Xocai, The Healthy Chocolate Co. I mentor individuals looking to build a network marketing team and a successful home based businesses. I work with retirees looking for part-time income, stay at home mom’s and dad’s who are looking to earn money while staying home with the kids and individuals tired of the corporate games who want the flexibility to work on their schedule.
Feel free to give me a call at (877) 208-8172.