When you’re operating your CTi Dealership, don’t forget the second income your business can generate. Along with the standard money made by a business generating a profit, business owners can write a number of expenses off on their taxes. A typical business owner at the 30% tax bracket can see a substantial income in the savings his business generates by utilizing this safe and legal way of making money.
Typical expenses that you can consider are:
* Car expenses and mileage
* Writing a portion of your home’s expenses by operating a home office.
* Office supplies, computer software, etc.
* Business phone expenses
* Ongoing training
* Business related travel
* Health Insurance Premiums
* Advertising expenses
* Bank fees
* Equipment
You can see by the amount of money potentially spent on some of these items, a savings of 30% in taxes can add up to a sizable sum.
