Your resource for unlocking the potential tax advantages of having home office. As the modern workforce embraces flexibility, understanding the intricacies of home office deductions has never been more crucial. In this section, we’ll provide insights, tips, and expert advice to help you make the most of available tax benefits while ensuring compliance with regulations. Whether you’re a remote employee, freelancer, or small business owner, optimize your finances and leverage the tax advantages that come with a home office.
12
05, 2017
Home Office Deduction by Small Business
2017-05-12T18:55:16+00:00IRS: Home Office Deduction Often Overlooked by Small Business Owners The Internal Revenue Service today reminded small business owners who work from a home office that there are two options for claiming the Home Office Deduction. The Home Office Deduction is often overlooked by small business owners. As part of National Small Business Week (April 30-May 6), the IRS is highlighting a series of tips and resources available for small business owners. Regular Method The first option for calculating the Home Office Deduction is the Regular Method. This method requires computing the business use of the home by dividing the expenses of operating the home [...]
