Why Start A Home-Based Franchise Business? Advantages & Tax Breaks
For many, the thought of starting a home-based business seems overwhelming. You are often working alone, depending on yourself to find the customers, service each location, and keep track of the accounting.
These challenges are why many people prefer to start a franchise business. Starting a commercial cleaning franchise, for example, has many advantages such as tax breaks and more freedom.
Keep reading to learn more about how you can enjoy the freedom of owning your own home-based business.
Why Own Your Own Cleaning Franchise Business?
If you are used to working for someone else, the idea of working for yourself can be scary. Yet, because of the pandemic, the demand for commercial cleaning services has skyrocketed.
Nearly every industry that exists needs cleaning services to keep their employees and customers safe and healthy. From office settings to restaurants, healthcare environments, and warehouses, every workplace now needs to abide by the newest cleaning standards. This means that commercial cleaning and janitorial services are in very high demand – a demand that is expected to continue.
There are numerous advantages to starting a commercial cleaning company, no matter what your previous work experience has been. This is especially beneficial for veterans and those who already own existing cleaning businesses.
Advantages for Veterans
Many veterans seek work that is both enjoyable and fulfilling. Like most people seeking to start a small business, they typically have a set amount to invest and want to avoid purchasing expensive equipment. Many also worry about how to market their services to build a customer base.
Veterans can own an OpenWorks commercial cleaning franchise business for as little as $9000 down with no start-up equipment costs. All military veterans and active duty service members also receive a 10% discount on the entire franchise cost.
Even better, OpenWorks provides franchise owners with accounts to service – no selling is necessary. You can start your commercial cleaning franchise with guaranteed customers.
Advantages for Existing Cleaning Business Owners
If you have already been running a cleaning business for several years, you understand what it takes to run a successful cleaning franchise. Becoming a franchise owner can help you expand and grow your business even further.
OpenWorks provides everything you need to grow your business to the next level – sales and marketing, accounting services, customer support – enabling you to concentrate on providing your customers with top-notch service.
Tax Breaks of Starting a Commercial Cleaning Company
Now that you understand the business benefits of starting a commercial cleaning company, there are more perks to learn about, such as tax breaks for small businesses.
The U.S. government is very supportive of small businesses. This is illustrated through numerous benefits and tax breaks for sole proprietors and franchise owners.
The IRS official website provides useful guides that explain the various deductions and benefits available for small, home-based business owners.
Travel & Vehicle Expenses
Since your commercial cleaning services require you to travel to various locations, there are tax breaks available to help reimburse these travel costs.
Hold on to receipts from travel expenses related to your business such as gas, vehicle repairs, even meals and lodging. When tax season comes, you can typically deduct a portion of these expenses.
Small business owners are often eligible to receive a mileage deduction for travel related to servicing their customers.
Office and Supplies
Your home office is necessary to operate your commercial cleaning business which means that you can usually write off office supplies as well as a percentage of the space needed in your home to conduct your business.
Internet Expenses
Unlike businesses a few decades ago, every single business now needs the internet to survive. This includes everything from web-hosting fees to website registration, website development costs, and monthly internet charges.
Startup Costs
The small business tax breaks currently include a $5,000 deductible for the costs involved with launching your business in the first year. This includes employee costs, training costs, marketing costs, and more.
The IRS official website provides details and requirements of these and other tax breaks for commercial cleaning business owners.
Learn More About Starting a Commercial Cleaning Company with OpenWorks
Now that you know some of the benefits and tax breaks for starting a commercial cleaning company, it is time to get started!
OpenWorks is there to help you every step of the way. We provide everything you need to run a successful commercial cleaning franchise – equipment, supplies, even the customers! We show you our successful business model and assist you with sales, invoicing, and customer support.
To learn more about getting started with OpenWorks, fill out this quick application to speak with us directly.