<P><FONT face=Verdana,Geneva,Arial,Helvetica,Sans-Serif><STRONG>Wi-Fi around Chicago..</STRONG></FONT></P>
<P><FONT face=Verdana,Geneva,Arial,Helvetica,Sans-Serif><FONT size=2>The Daley Center between Clark and Dearborn is now (as of September 2003) a wi-fi hot zone. I have not personally connected there, but the word is </FONT><FONT size=2>that the signal around Daley Plaza and Block 37 is strong. Click <A href="http://www.xchicago.com/main/article.php?articleID=413">here</A> for more information. </FONT></FONT></P>
<P><FONT size=2>If you are outside of downtown Chicago,the UPS stores (formerly Mailbox Etc.) will have wi-fi access (for a fee) in mid-September as will many McDonalds (for a fee). <A href="http://www.computerworld.com/mobiletopics/mobile/story/0,10801,80914,00.html">UPS story</A></FONT></P>
<P><FONT size=2></FONT> </P>
the amount that is attributable towards your business effort on Schedule C. Other state and local taxes have to be deducted on Schedule A, but only if you itemize.
2. Employment Taxes If you have employees, you know the joy of paying employment taxes. Well, you get to deduct them once it comes around to tax time. Specifically, you can deduct social security, unemployment and Medicare taxes you actually paid on employees.
3. Self-Employment Tax The self-employment tax is a whopping 15.3 percent. It can be an ugly surprise if you are not ready for it. Fortunately, you get at least some relief with a deduction. Yep, you can deduct 50 percent of your self-employment tax on line 27 of Form 1040.
4. Personal Property Taxes If your state collects a property tax on personal property you also use for business purposes, you can claim a deduction. The deduction is equal to the amount of the tax times the percentage of the time you use the property for business.
5. Real Estate Taxes If you own real estate used for your business, to wit, your own office building, you can deduct state and local real estate taxes. Such taxes, however, have to be based on the assessed value of the property.
Depending on your business, there may be other deductions you can claim for state and local fees. Issues such as excise taxes and disability fund contributions can be complex, but worth checking out to save a few bucks.
Article Source: http://www.Article-Warehouse.com
Richard A. Chapo is with BusinessTaxRecovery.com - providing information on tax deductions.
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