If you're in direct sales, network marketing, or own a home-based business (which you are, or you probably wouldn't be reading this right now????) and hold inventory for resale, I'd guess you've had times when you've given products away to incentivize bookings, larger party sales or team members to hit a goal. And if [...]
Direct sales inventory management. Learn how to track your inventory, how to handle personal use inventory and how to handle giveaways and incentives.
What would you say if I told you there is a way for you to earn more money with your direct sales business and you do not have to sell any more products or recruit any more team members to do it?
Well instead of showing you how to earn more, I am going to show you how to keep more of your money and pay less tax on it with these easy to track direct sales tax deductions.
One of the amazing benefits of being a direct sales consultant is the ability to deduct part of your home and home utilities from your taxes!
The home office deduction (or work from home tax deduction as some call it) as well as the mileage deduction will typically be your top tax deductions unless you hold inventory. So don’t forget this and you will pay less in taxes.