Tag Archives: home office deduction

Five home office deduction mistakes

If you operate a business out of your home, you may be able to deduct a wide variety of expenses. These may include part of your rent or mortgage costs, insurance, utilities, repairs, maintenance, and cleaning costs related to the … Continue reading

Posted in audit, Business, business help, Business Owner, deductions, Filing Taxes, New Business, Operational Accounting, real estate, record keeping, save on taxes, Tax, tax advice, tax exempt, Tax Fraud, tax planning, Tax Return, taxes, Uncategorized | Tagged , , | Leave a comment

Tax-Deductible Expenses: Are You Recording All of Them?

2017 income tax preparation seems a long way off. Make it easier by tracking all the deductions you can take. You’ve heard it said before: Tax planning should be a year-round process. It’s so true. Your life will be a … Continue reading

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Home office recordkeeping simplified

The IRS is reducing the recordkeeping required for the home-office deduction, effective for 2013. Taxpayers who qualify may use a new optional deduction calculated at $5 a square foot for up to 300 square feet of an area in a … Continue reading

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Can you qualify for the home office deduction?

The home office deduction is available when you use part of your home regularly and exclusively as your primary place of business, or for meeting clients. If you’re an employee who works from home, there’s an additional rule: The exclusive … Continue reading

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