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Mystery Shopping is a Big Business

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Popular Industries that Use Mystery Shoppers

Tax Deductions for Mystery Shoppers

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Mystery Shopping & How to Present Yourself While On the Job

 

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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.

Mystery shopper pays for Cumberland County woman's groceries after her wallet was stolen

The Cumberland County Sheriff's Office is reminding residents to stay vigilant while shopping this holiday season. It comes after an elderly woman's wallet was stolen at the neighborhood Food Lion in Sunny Acres on Dec. 3. Barbara Tomey was in the check ...

Published:  Thu, 14 Dec 2017 14:27:00 GMT



Car Dealerships Fail EV-Selling Test, Mystery-Shopping Study Indicates

The numbers seem to speak for themselves: Despite all the talk about electric vehicles, Americans largely seem uninterested in buying them. But a new mystery-shopper study suggests soft EV sales are at least in part the result of dealerships steering ...

Published:  Tue, 12 Dec 2017 00:00:00 GMT



4 Smart Tips for Creating a 'Secret Shopping' Program That'll Change Your Customer Service

And some of these insights can be key to building customer loyalty and unlocking sales. I first learned about secret shopping, also known as mystery shopping, several years ago when my wife was hired by a major department store to help them improved their ...

Published:  Fri, 15 Dec 2017 22:55:00 GMT



40% of holiday shoppers to give "˜experiences' as gifts

Next were spa certificates, travel, interactive experiences (like murder-mystery dinners), gym memberships ... said in a statement. Also, 7 percent of shoppers plan to buy a subscription box or service. In this category, food subscriptions ranked highest ...

Published:  Fri, 15 Dec 2017 22:59:00 GMT



Understanding 'The Mystery of the Magi' -- A New Book from the Pen of Daniel Kolenda

Dec. 15, 2017 /Christian Newswire/ -- Christ for all Nations CfaN, has published a new book to add to your Christmas reading and shopping this year. In The Mystery of the Magi, Evangelist Daniel Kolenda takes a closer look at some little-understood ...

Published:  Fri, 15 Dec 2017 08:57:00 GMT



6 Years Later, Andover Murders Still A Mystery

His son John was in the office, located in the basement of his parents' home, until about 4:30 p.m. Geri had talked to her daughter Holly about watching her grandchildren the so Holly could do some Christmas shopping. Holly was bringing her children over ...

Published:  Fri, 15 Dec 2017 12:08:00 GMT



Holiday scam seeks unwitting mystery shoppers

BURLINGTON, Vt. (WCAX) You see the ads everywhere ... Mystery shoppers ... Paid to shop ... Quick cash. "It appeals to every consumer instinct we have -- getting something for nothing," said Jason Duquette-Hoffman with the Vermont Consumer Assistance Program.

Published:  Wed, 13 Dec 2017 15:25:00 GMT



Spreading Christmas cheer, mystery shopper picks up bill at Hilton Head store

Holiday kindness was in full effect on Hilton Head Island Saturday, as a mystery man at a Dollar Tree checkout stand decided to pay for the woman behind him in line, kicking off a pay-it-forward chain. Bluffton resident Kaley Van Eenenaam was shopping for ...

Published:  Sun, 10 Dec 2017 10:51:00 GMT



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