There are many benefits to building a home based business. 

One of the most important benefits of building a home based business that most people don’t talk about is the reduction in your tax liability.  Obviously, everyone’s tax situation is unique and you will want to discuss your specific situation with your tax specialist.  Generally speaking, some things that are tax deductible:  a portion of your rent/mortgage and utilities, office supplies and equipment, mileage on your car.  Some other things that might surprise you:  legal and professional fees, education and training, insurance/permits/fees, credit/collection fees, and outsourcing/subcontracting costs.  Ask your tax specialist what type of records you need to keep.

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