Released on: March 15, 2008, 12:19 am

Press Release Author: meenakshi kaur

Industry: Management

Press Release Summary: Not everyone agrees there is a housing bubble which will have
an impact on the entire economy, but how about one that has an impact on you? If
your home was devalued, even temporarily, do you have the cash flow to sustain your
credit or allow you to sell your home without getting into debt? In the US today,
many people live in homes which have positioned them in a loosing financial
situation. How can a home business improve your financial position and protect you
from the potential effects of a housing bubble?

Press Release Body: Not everyone agrees there is a housing bubble which will have an
impact on the entire economy, but how about one that has an impact on you? If your
home was devalued, even temporarily, do you have the cash flow to sustain your
credit or allow you to sell your home without getting into debt? In the US today,
many people live in homes which have positioned them in a loosing financial
situation. How can a home business improve your financial position and protect you
from the potential effects of a housing bubble?

First, many people have W-2 income as their only source of income. While a job is
certainly a great way to trade your time for a consistent flow of money, it also
provides you with the fewest tax advantages which means you end up paying more to
Uncle Sam than those who also run a home business on the side. For example, many
CPAs and tax planning specialists can show you how to deduct part of your home
expenses, your cell phone bill and even costs to maintain and operate your vehicle,
legally, if you are able to document that you actively work on your home business
each day. This can turn expenses you are already paying for, into tax deductions.
That’s money in your pocket! Money saved can be reinvested into growing your
business or applied to paying off your mortgage more quickly.

Protect yourself and protect your hard earned home equity by improving your cash
flow and avoid running close to the edge of the value of your home compared to the
debt owed in your mortgage and any home equity loans. Be sure you consult with a tax
professional and a CPA to properly plan the tax benefits you can receive from having
a home business. Apply those savings to building your savings and also to paying
down your mortgage as quickly as possible. The more equity to have in your home, the
more insulated you are from possible effects of the housing bubble and also from the
effects of personal and professional emergencies.


Web Site: http://www.greatindustrialguide.com

Contact Details: S.C.F. 113 Phase 11 Mohali
4666113
genminakshi@gmail.com