Better Your Best With Marivic

Have you ever felt like you’re paying too much in taxes? If you’re relying solely on a W2 income, chances are you’re overpaying by $3,000 to $9,000 per year! The good news? A side business can open the door to tax savings and financial growth.

Before we dive in, let’s be clear: I’m not a tax professional—this article is for informational purposes only. Be sure to do your own research and consult a CPA who understands home-based businesses. But if you’re ready to take control of your financial future, keep reading!

Why a Side Business Lowers Your Taxes

When you work a regular job, taxes are taken out of your paycheck before you even see it. But when you have a home-based business, you can deduct many of your everyday expenses before taxes are calculated.

Even if you’re not actively working the business full-time, simply having one can create significant tax advantages. Many successful entrepreneurs—even multimillionaires—start side businesses just for the tax benefits!

What Can You Deduct?

Here are just a few examples of tax-deductible expenses for business owners:

✅ Business Meals & Meetings – If you discuss business over lunch, it can be a write-off. Just keep your receipt and note who you met with.

✅ Travel Expenses – Flights, hotels, gas, and even part of your car payment can be deductible if used for business.

✅ Home Office & Utilities – A portion of your rent/mortgage, internet, and utilities may qualify.

✅ Marketing & Training – Ads, business cards, courses, and networking events can all be written off.

✅ Medical Insurance & Retirement Savings – Alternative health plans and certain IRAs allow tax-deductible contributions, reducing your taxable income.

These are just a few examples—there are over 150+ possible deductions available to business owners!

Find the Right CPA (Not Just Any Accountant!)

Not all CPAs understand home-based businesses. If you want to maximize your tax benefits, ask potential accountants:

🔹 “Do you specialize in network marketing or home-based business taxes?”
🔹 “How can I legally reduce my taxable income?”
🔹 “What deductions am I eligible for?”

A knowledgeable CPA can save you thousands and help you stay compliant with tax laws.

Shift Your Mindset: Paying Taxes Means You’re Winning!

Many people try to avoid paying taxes altogether, but did you know the wealthiest people actually pay the most taxes? Elon Musk holds the record for the highest income tax payment in U.S. history! Why? Because higher taxes mean higher income.

Instead of thinking small and trying to avoid taxes, think bigger—increase your income, maximize deductions, and invest in your future.

Take Control of Your Financial Future

A side business isn’t just about extra income—it’s a powerful financial tool. Whether you want to build wealth, save on taxes, or create financial freedom, starting a business is a smart step forward.

🚀 If you’re curious about how to start a simple and effective side business that not only offers tax advantages but also the potential for financial and time freedom, let’s chat! I’d love to share more about an amazing opportunity that has already helped so many people take control of their income.

📩 Reach out to me today to learn how you can get started!