Ultimate Tax Shelter–Running a Business

I found this great article while looking for ways to defer or avoid paying taxes for 2009.  Luckily, I’ve had a business for a while now, and I can attest to the fact that you get some big advantages.  Mine started off as a web design company, but that’s way too much work to do in addition to my regular job.  I’ve since switched the focus towards the occassional consulting job and, dum, dum, dum…

Blogging.

I’m not saying that I’m a full time blogger, or that that I ever expect to get rich from it.  However, I do make anywhere from $150-$200 a month on my blogs (I have several) depending on the time of year.  This allows me to pay for my phone, which I need to have for the consulting I do, along with my internet access, which I need for both consulting and blogging.  That doesn’t sound like a lot, but those bills are being paid with money that isn’t taxed, and in the long run it really helps.  I’m also able to buy computer equipment I need with the money I make from consulting, and that adds up fast!

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