RInvestor wrote:
Joined: 21 Sep 2009
Posts: 3
Karma: 0
Location: Milton
Posted: Sun Oct 25, 2009 9:37 pm Post subject: Stop crying about what If!!
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It seems to me that you can cry all you want about what is happening with the 2 governments! It will not make one bit of effect. You can vote with your feet at the next general election and decide which government you want to lead you, whether it is Conservative or Liberal Party, the Labour party or Green Party will not get into power. Writing a whole list of expenses what is or will be going up does not matter until it starts to really hit you in the pocket book. Folks you need to stand back and and look at your own situation, how can I lower my taxes. You wont be able to do that because you are an employee!! Dmitri gave you an idea and all you did was knock him on the idea and on the product. Start your own business, if you have a job stop working overtime and put the effort in yourself. Last year we saw just a glimse of what is coming next. Taxes are going up, service fees are going to continue to go up and on and on and on! Business owners have an advantage they can write off expenses to earn income, why you ask because they take the risk! Networking marking is an idea not all are equal, do your research and understand the business
Good idea. I was an independant contractor for years and a few years ago I switched to f/t employment. Let me tell you - F/T employees get screwed tax wise big time!
I think people should do whatever is legally allowed to lower their taxes, to generate extra income, shelter income, etc.
Here's some ideas:
- Online business
Buy & sell on ebay, amazon, etc. Make the business legit i.e charge the applicable taxes, declare everything.
- Renovation business
If you're good at fixing things around the house, you could start doing the same for others.
- Consulting/Professional business
If you're an expert in your field - i.e.
Accounting - Do people's tax returns
Computers - Offer to fix computer problems, install Windows 7, etc.
Home decor - Know how to decorate, give people advise on decorating
Kids books - Write kids books and sell to parents in the neighbourhood, donate some of the proceeds to charity or to the school.
- Labour business
Landscaping - Cut lawns, weed gardens, fertilize grass, plant trees/shurbs, setup watering systems, etc.
Outdoor furniture - Handy with wood? Build outdoor furniture and sell it to the community.
Weather/House - Shovel snow, salt driveways, sidewalks, porches, sand and paint porches, replace old wood with new wood, etc.
House cleaning - Clean houses, organize houses
I just thought of these now - didn't copy from any website.
It will left no time for fishing.
Holly crappie, I could register fishing guide business and every time my mom-in-law is fishing with me I’ll write it off in taxes.
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I was waiting for some comments like this. My friend, now this is my punch line. I DON'T BELONG TO MLM, so I HAVE NOTHING TO BENEFIT FROM BY GIVING YOU THIS ADVICE. I just showed people the way to save tax money.
