Recently, I was asked about the tax implications about having an Exercise at Home Business with Beachbody or other home business. There are many tax deductions you can take with a home business and I will suggest a few but also refer you to an article as well as tell you to talk to your tax accountant. Then take a positive step for your own taxes and your life having an Exercise at Home Business. It’s just a step not a plunge, not a life and death decision but good to think it out and take it seriously.
Exercise at Home Business deductions can include…
1. The space you work in – your home office, your home gym where you show your fitness programs to people.
2. The meetings, luncheons, coffees, mileage to meet business prospects and trainings.
3. The equipment you use for your home business – computer, desk, fitness equipment, Shakeology samples and more.
4. Phone calls and internet usage. Your cell phone bill, part of it.
5. Other business expenses.
This is a small list of tax deductions. Here’s a great article to get more info on the benefits of owning a home business. Here’s more info on the Exercise at home business – besides getting discounts on top fitness programs and supplements.