Education

The Unforeseen Downside to a Home Office Deduction

Certainly home office expense is a popular tax deduction for the self-employed and freelance workers who actually use a part of their home to conduct their business.  I know my small business clients who office out of their home are very careful to track their utilities and home insurance costs, so they can get those [...]

Posted by: Wray Rives, March 31, 2010

Five Facts about the Home Office Deduction

With technology making it easier than ever for people to operate a business out of their house, many taxpayers, entrepreneurs and small business people may be able to take a home office deduction when filing their 2009 federal tax return next year.
Here are five important things the IRS wants you to know about claiming the [...]

Posted by: John Berger, January 3, 2010

Home Office Deductions

Persons who use a part of their home for business purposes may be able to claim a home office deduction if they meet certain requirements.
In order to claim a business deduction, you must use part of your home for one of the following reasons:

Exclusively and regularly as your principal place of business
Exclusively and regularly as [...]

Posted by: Wray Rives, December 12, 2009

Tax Deductions that Small Businesses Commonly Overlook

It’s June 15th – estimated taxes are due – and Audrey Shaffer of Audrey Shaffer Enterprises is going to answer all of our pressing questions about commonly overlooked tax deductions. Read this before filing. Maybe you forgot something!
1.) What are some tax deductions that small business owners/sole-proprietors/freelancers commonly overlook?
Mileage is the first one that [...]

Posted by: Jennifer Escalona, June 15, 2009

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