Tax Benefits From Running A Youngevity Business
I am not an accountant
I joined Network Marketing 21 years ago
The very first thing my enroller taught me were these tax benefits
It’s one of the best retention classes you can teach your new Business Builders
Great Expense Tracking Program- https://www.mint.com
Schedule C- https://www.irs.gov/pub/irs-pdf/f1040sc.pdf
TurboTax for Home Based Business- https://turbotax.intuit.com/small-business-taxes/
Things you are already spending money on
Car or Truck – write off a portion of your lease or purchased car/truck (depreciation)
Standard Milage Rate 54 cents/mile
Average person drives 12,000 miles/yr
2,000 miles back and forth to Starbucks= $1,080
Enroll your spouse
$200/mo x 12 = $2,400 divided by 2 = $1,200
Cell Phone $100/mo… 50% = $50/mo x 12 = $600/yr
Internet Service $50/mo… 50% = $25/mo x 12 = $300
Your Home Office Space
Mortgage or rent + Gas Bills + Electric Bills =
$1,000/mo x 10% = $100/mo x 12 = $1,200
Product Purchases Required To Receive Paychecks
A. Youngevity will NOT send you a paycheck if you do not purchase product
B. There is no way you can recommend products to someone unless you are taking them
$300/mo for you x 12 = $3,600
$300/mo for your spouse x 12 = $3,600
Product Samples $200
Going To Convention
Plane Tickets to Convention $800
Hotel Costs $700
Convention Tickets $500 for you and your spouse
$2,000 write off!
Business Clothing $500
Dry Cleaning $5/wk x $260
Continuing Education Courses, Books, and Conventions $200
John Maxwell Programs
Jim Rohn Program
Accountant or TurboTax Home and Business $45
New iPad Pro
Box, Dropbox, or Evernote Yearly Fees
I just went over $15,000 worth of tax deductions with you and I underestimated everything!
Here is the catch… you have to be able to prove that you have made an effort to make money.
Meet 1 new person every day… do 5 Health Evaluations a week. If you do just 20 Health Evaluations per month that’s 240 for the year! At the very least if you are doing things correctly you will have 1 new customer every week… 4/mo… 48/yr! And those numbers could be doubled or tippled easily.
If you have people fill out Health Evaluations…
1. You can take all these business deductions… That will be ample proof to the government.
2. You will get your Healthy Body Pack for free every month because you are enrolling 3 people per month
3. You will build your way up to a car qualified 1 star and get a Car Bonus
4. You will qualify for our Top Achievers Club All Expenses Paid Trip!!!
5. You will drastically improve your income!!
6. You will find customers that want to become CEOs and these people will set you free!