Home Office Deduction
-
Tax essentials for sole proprietors
Many small businesses start out as sole proprietorships. This structure is simple and inexpensive to establish and maintain — and it gives the owner direct…
Read More: Tax essentials for sole proprietors -
Self-employed? Don’t overlook valuable tax deductions
If you’re self-employed, you probably have questions about deducting business expenses on your federal income tax return. Here’s a quick overview of the filing requirements…
Read More: Self-employed? Don’t overlook valuable tax deductions -
DOs and DON’Ts to help protect your business expense deductions
If you’re claiming deductions for business meals or vehicle expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or…
Read More: DOs and DON’Ts to help protect your business expense deductions -
How a business owner’s home office can result in tax deductions
As a business owner, you may be eligible to claim home office tax deductions that will reduce your taxable income. However, it’s crucial to understand…
Read More: How a business owner’s home office can result in tax deductions -
Small business strategy: A heavy vehicle plus a home office equals tax savings
New and used “heavy” SUVs, pickups and vans placed in service in 2025 are potentially eligible for big first-year depreciation write-offs. One requirement is you…
Read More: Small business strategy: A heavy vehicle plus a home office equals tax savings -
Is your home office a tax haven? Here are the rules for deductions
Working from home has become increasingly common. The U.S. Bureau of Labor Statistics (BLS) reports that about one out of five workers conducts business from…
Read More: Is your home office a tax haven? Here are the rules for deductions
Stay current on weekly blogs by following our social media posts on LinkedIn, Facebook, and Twitter.