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Business plans vs family plans?

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  1. JAJameson2010

    JAJameson2010 Well-Known Member

    My random question for the day (google didn't give easy to understand info)

    Is it cheaper to do the business plan? My credit union gives 15% off to business plans and only 10% to personal plans. Would it be worth the savings to get a business phone plan? I would only need a Tax ID #, right? I think I could, in theory, sign my blog up as a business, even though it's not really making any money...

    I have a family plan with 2 lines

  2. Rigmaster

    Rigmaster Well-Known Member

    I believe the biggest difference is that business plans can be written off as operating expenses, thus the reason for Tax ID. If your blog truly is a business and you're filing taxes for it, go ahead. But if not, why do something that could trigger an audit?
  3. JAJameson2010

    JAJameson2010 Well-Known Member

    I thought there might be more of a difference... Ok I'll behave myself :) Thanks
  4. Rigmaster

    Rigmaster Well-Known Member

    If you're a large business with IT, there are some customizations and other tech things that can be done, as well as some volume pricing and special features. Not likely something smaller biz can take full advantage of.

    Again if you run a blog and want to use it as your primary source of communication, just be prepared to justify the expense if you write it off.

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