If you own a small business, you know that every dollar can be important to the success of your business. One way to improve your odds for success is to make sure that you are taking all the tax deductions you’re entitled to. Especially if you’re just starting your business, you will want to claim […]
Home Office
The Simple (and Affordable) 3-Step Plan to Secure Your Home Office
Home businesses are vulnerable. With an average of four million burglaries occurring annually, those that operate their enterprise from a domestic residence are at risk of becoming victims of theft or business asset damage. The simple matter is that, while a corporate property is likely to be secured with numerous high-tech security features, the typical […]
Top 5 Smart Home Systems to Improve Your Home Office
As technology advances, our need for quicker and more efficient products, capable of keeping up, increases. Currently, smart home systems are on the top of the list. Whether you need a hands-free voice-activated device to lock all your doors or you want to control your thermostat from an integrated app on your phone, here are […]
What to Consider If You Work from a Home Office
If you work from home, you may be wondering whether you can deduct your office space from your federal tax returns. The short answer is: Yes, absolutely! But the IRS has very specific guidelines for what is and isn’t deductible with respect to home offices. Here are some tax issues to consider if you work […]
Remaining On-Track and Focused in Your Home Office
While working from your home office has its advantages, it can be one of the most challenging work environments you’ll ever face. People complain all the time about the noise levels and distractions in their open-plan office, but they don’t understand how difficult it is to accomplish day-to-day work tasks while also cooking, cleaning, taking […]
If You Own a Small Business, Don’t Miss These 5 Key Tax Tips
Tax season is drawing near, which means headaches and stress for small business owners looking to save every penny they can. Combine the normal stress with new headaches surrounding the tax bill recently passed by Congress, and small business owners, especially new ones, can easily find themselves unprepared. Fortunately, there are plenty of ways for […]
Direct Selling Tax Deductions Save $
Direct selling tax deductions are one of the top advantages of working from home. Operating a direct selling business from home opens the door for many income tax deductions. Did you ever notice that all rich people have a business? Did the business make them rich? Or did they get a business because they were […]
Working from Home? Claim Your Home Office Deductions
Some of us are just too lazy to drive/ride to work every day, so we prefer to set up office at home. Well, jokes apart, some of the small business that operates right out of their homes qualify for deductions. But the fear of audit keeps them away from any such declarations. But in all […]
Working from Home: The Top 5 Myths Debunked
Remote working is now a reality but it is often misunderstood. For some it’s just a euphemism for keeping busy without a proper job, while for others it can be a liberating gateway to a great work/life balance. Some companies promote flexible working, which gives employees the option of working from home, or working flexible […]
Heavy Vehicle & Deductible Home Office = Major Tax Savings
You can reap major tax savings with the heavy vehicle and home-office combo. The heavy vehicle produces quick deductions. The home office that qualifies as a principal office eliminates commuting miles, and such an elimination can dramatically increase your business-use percentage of vehicles. For example, say you bought a $50,000 vehicle that you use 60 […]
