TopConsumerReviews.com
      October 19, 2017

Home  >  Mystery Shopping  >  Articles

Your Information Is Secure
Over 60 Ways to Save Money Newsletter

Latest Reviews

Baby Cribs

Credit Card Consolidation

Graduation Invitations

Gutter Guards

Hair Care Products

Installment Loans

Makeup

Reverse Mortgages

Tickets

Web Hosting

 

Related Articles

Mystery Shopping is a Big Business

The Purpose of Mystery Shopping

How to Earn Money From Home as a Mystery Shopper

How to Find Legitimate Mystery Shopping Jobs

Popular Industries that Use Mystery Shoppers

Tax Deductions for Mystery Shoppers

How to Spot Mystery Shopping Scams

Mystery Shopping Frequently Asked Questions

Mystery Shopping & How to Present Yourself While On the Job

 

Top Consumer Reviews Articles

TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

Tax Deductions for Mystery Shoppers

If you are a mystery shopper, then you are considered to be self-employed and may therefore be eligible for a number of tax deductions. In being self-employed, anything that you use in relation to your business may be deductible providing that you save your receipts and can prove how the item(s) are beneficial and necessary for your career.

Mystery shoppers can either conduct evaluations in person, by phone or via the internet. As such, the gasoline for your automobile may be deductible when used in conjunction with travel for a mystery shopping job. In order to deduct the cost of gasoline, you must save your receipts. If some or all of your mystery shopping work is done via the internet and/or telephone, you may be able to deduct part or all of the cost of your computer, internet access and/or a telephone line if used for the purpose of mystery shopping activities.

As a mystery shopper, you will work at home on occasion or at least during the completion of your questionnaire. When you accept a mystery shopping job, you will be given a set of questions that are to be answered according to your experience with the company being evaluated. As such, the cost of office supplies, including paper, pens, office furniture and possibly even a fax machine may be deductible if used in the course of business.

If you work as a mystery shopper, being an independent contractor has many obvious perks. One thing that is missing from all work at home opportunities, however, is health benefits. Every self-employed individual is faced with having to search for their own health insurance policy. Unlike a traditional employer who often provides insurance packages as an employee incentive, self-employment requires that you handle matters relating to your own coverage. As such, the cost of health insurance may be tax deductible.

In addition, if you pay any type of fees relating to mystery shopping, including travel, memberships and/or subscriptions, these too may be tax deductible. Self-employed individuals, when required, must file Schedule C with the IRS to report all income from the operation of a business. In some cases, Schedule C-EZ may be filed if certain requirements are met. When tax time rolls around, be sure to have all receipts and/or expenses organized in an orderly fashion for fast and easy reference. If possible, keep all paperwork and financial information separate from your other income to allow for simple identification.

Being self-employed and/or enjoying the ability to earn money from home is the choice of many Americans. In addition to the emotional rewards and satisfaction, the financial benefits are unmistakable. Setting your own hours, working as much or as little as you want and having more control over your income are just a few of the benefits to being a mystery shopper.

The information provided in this article is designed to be used for reference purposes only. It should not be used as, in place of or in conjunction with professional legal, financial and/or tax advice relating to self-employment and/or tax deductions. For additional information relating to taxes, consult with a local tax professional or the IRS directly.

Overcoming Challenges in Retail with Mystery Shopping

As a retail brand, there are certain elements your company deems important in order to uphold your brand image to your customers. It's imperative that each frontline employee represents the brand according to the standards set for service delivery.

Published:  Wed, 18 Oct 2017 06:48:00 GMT



Mystery shoppers needed for Aldi stores in Coventry - how to apply

More and more of us are changing our shopping habits. While supermarket giants - like Tesco and ASDA - are still widely used, many of us are frequenting discounters Aldi and Lidl. Customers will flock to the budget supermarkets in their droves week in ...

Published:  Thu, 05 Oct 2017 21:22:00 GMT



Demand for mystery shoppers rises as banks, shops want better service quality

The world of mystery shoppers has become less obscure to businesses in Hong Kong, which are increasingly turning to the shoppers to identify problems in order to raise service quality. Industry experts said a rising number of financial firms and retailers ...

Published:  Thu, 05 Oct 2017 04:59:00 GMT



Mystery shopper gives back

A woman goes into Super Saver every Friday and buys a $10 gift card for cashiers to give to a shopper in need. A woman goes into Super Saver every Friday and buys a $10 gift card for cashiers to give to a shopper in need.

Published:  Tue, 17 Oct 2017 15:53:00 GMT



Mystery shopper: Norwich

Each week the mystery shopper seeks advice from independent advisers in the UK. The aim is to find out whether advisers are delivering the goods when it comes to the all-important initial telephone contact between client and adviser. It is only intended to ...

Published:  Wed, 11 Oct 2017 02:54:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure