Work From Home Business

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Starting a home business is very exciting, but there are lots of challenges you might have to over come first.

If it’s required that you use your vehicle to conduct your business, track the miles you travel and save your receipts from the fuel, and keep your mobile phone receipts. Such expenses are wholly deductible, no matter how long or short the drive. But, you must be able to prove that your driving was a necessary part of the business.

Open a business checking account, and only spend money or deposit checks from that account on the business. This will prevent confusion later on whether a transaction was related to your business or not. While you’re at the bank, go ahead and apply for a business credit card.

Make sure to set daily goals and do your best to stick with them. The most important part of that is prioritizing things so that they get done efficiently. Try not to waste too much time on small tasks when there are much more important things that need to be done.

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