The surest way to reduce your taxes is to convert personal expenditures into allowable deductions. Turn even a hobby into a business and you'll cut your tax bill.
The No. 1 way to reduce your taxes with a smile is to convert your personal expenditures into allowable deductions. It sounds tricky, but it may not be as difficult as you think.
Here's how you do it: Turn yourself into a business owner. This is not complicated, expensive or difficult to do, and incorporation is not necessary.
Establishing a 'profit motive' is the key
To be in business, you merely declare it. And by doing so, you can magically turn personal expenses into tax deductions. If you want to operate in a noncorporate format, as an individual proprietorship, but under a different name than your own, no problem. It's easy.
In J. Paul Getty’s book ‘How To Get Rich,’ his first rule for success is, ‘You must be in business for yourself. You will never get rich working for someone else.’
myEcon offers the chance for you to start a business part-time, while maintaining the security of your full-time job.
Regardless of whether you love what you’re doing now, and simply need to earn additional income – or if you want launch an entire new career – myEcon offers you the flexibility to decide what’s best for you.
We’re looking for people with leadership skills to assist with training and running new myEcon branches. These branches will teach the American people how to become debt free and financially independent.
Would you like the potential to earn an extra $500 a month to pay off debt, start an education fund for your children, buy a new car, or take a nice vacation?
myEcon lets you start part-time to earn a second income, or transition to a new full-time career while you keep your current full-time job.
myEcon was built for people who want to make their dreams come true.