Great Article on Dollars and Sense

[Broompilot]

One item I would like to add cause I asked my accountant. If you use a Home Equity Line to support any part of your business the IRS will not allow you to deduct it from your business schedule C. Thus you will be paying the full amount in taxes on S.S. and also State Income tax as the States that charge income tax do not honor home equity lines as a deduction only the Federal Income Tax has this deduction.

Ask your accountant first.