|
BF - remember, all of your expenses are now DEDUCTABLE. Seriopusly, that would mean gas trips to "test" your plugs, plugs you give away for people to test ( if your plugs retail at $20 and you give 5 away for testing) that should be $100 off your income. Computer, including internet, house rental ( you rent your business space from your home), any elxpense related to your plug business. This is not cheating, you will pay taxes on what you earned. Earnings = revenue minus ALL your expenses (realted to your business). A good accountant may be your best bet, spending a few hundred may save thousands.
|