Professional online auction asset liquidation
Watch the video to see how our team professionally processes your auction from start to finish.
Our team has completed the extensive Auction Spear training course and is an Auction Spear online auction certified company.
absolutely the best. They will work with you in everyway they can and they stand behind what they say their product will do. - Millie S.
This was my first time attending an auction online and I had way too much fun. The questions I had on my account were answered immediately. - Sabrina B.
I am so glad I found this couple to help me sell the rest of my mom’s stuff! I wish I had found them sooner because it would have saved me so much trouble and headaches. I would give them more stars ✨ if I could. The next time I need to sell a house full of stuff, I am contacting them! They are awesome 🤩 and very flexible too. My kind of people. - Jennifer G.
Honest folks to deal with. - Samuel M.
Interesting Combination of Items from Auction to Auction.... Very Good to Work With.... They Go Above and Beyond. - Michael B.
TLC Auctions can handle anything thrown at us. No estate sale or commercial liquidation too big or too small. We know the stress of having to liquidate a business, having had to ourselves several years ago. Estate sales are never easy, no matter why it’s being done (death, moving to a facility, or whatever the reason) We treat every sale business or personal with the respect and dignity as we would want ourselves or our own family treated, that’s us TLC Auctions. Contact us today to schedule a FREE assessment.
Business Liquidations
Complete business asset liquidation. Empty the building and maximize return.
Estate sale Liquidations
Your families items will be sold to owners who will give them a new life.
Inventory Asset Liquidations
Sell machinery, production equipment, vehicles, B stock & shelf pulls.
Schedule an Assessment
An auction expert will answer your questions and explain the online auction process.
We Process Your Inventory
The auction team does all the work for you so you can take care of more important matters.
Get Results Fast
Empty your building or house within a few weeks and get cash in your hands.
Save money on all kinds of great stuff and have fun at the same time!
With our training and support system, your auction business success is nearly guaranteed. Follow the simple online training system, upload your items, start your auction, and you’re off and running!
The Tax Advantages of Running Your Own Online Auction Business
Starting an Auction Spear online auction business isn’t just a flexible way to earn income, it also opens the door to a range of tax advantages that traditional employees don’t enjoy. If you're running online auctions from home, the IRS allows you to deduct many of your business-related costs, which can significantly reduce your taxable income.
Deductible Expenses:
Everything you use to keep your online auction business running may qualify as a business deduction. That includes your computer, shipping supplies, photography equipment, seller platform subscription, advertising costs, and even the portion of your internet and phone bill used for business. If you use a room in your house exclusively for your online auction operations, you may qualify for the home office deduction as well.
Vehicle Use:
If you're sourcing inventory from estate sales, business liquidations, or commercial asset reductions, the miles you drive for these trips can be deducted. Be sure to log mileage or actual vehicle expenses for accuracy and compliance.
Inventory and COGS:
Inventory purchases and the cost of goods sold (COGS) are major components of an online auction business. These are fully deductible and directly lower your taxable profit.
Self-Employed Retirement Plans:
With a SEP IRA or Solo 401(k), you can contribute a large portion of your profits toward retirement—far beyond what traditional employees can contribute—while also lowering your taxable income.
Health Insurance and Services:
Self-employed individuals can often deduct their health insurance premiums, and hiring contractors (like photographers, copywriters, or virtual assistants) to help grow your auction business is also deductible.
The takeaway? Running your own Auction Spear online auction business not only puts you in control of your income but also provides real opportunities to keep more of what you earn through smart, legal tax strategies.
Take advantage of the tax benefits today, contact Auction Spear now to get started with your own online auction business. Visit our website at AuctionSpearinc.net
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