Home-based businesses

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Home Office Deduction: IRS Offers a Simplified Calculation Option, But the Qualifying Rules Haven’t Changed

By | January 23rd, 2013|Categories: Small Businesses Taxes|Tags: , |

A new wrinkle has been added to the calculation of the home-office deduction, but the rules to qualify for the deduction have not changed.

Small Business Wednesday – Deducting Mileage from a Home Office

By | December 21st, 2011|Categories: Small Businesses Taxes|Tags: , , |

Home-based business owners can deduct mileage driven to and from their home office - in some circumstances. It all depends on if your home is your "principal place of business," which isn't as easy as it sounds.

Small Business Wednesday — Daycares and the Home Office Deduction

By | November 30th, 2011|Categories: Small Businesses Taxes|Tags: , , , |

Many in-home daycare providers wonder about the home office deduction. This article will explore the rules for qualifying for the deduction, and how to calculate the deduction. Do You Qualify? You qualify for the deduction if you are a licensed daycare provider. If you are not licensed, you can still qualify for the deduction but only [...]

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IRS Tax Tips: Home Office Deduction

By | September 2nd, 2011|Categories: Small Businesses Taxes|Tags: , , |

The IRS has posted a video to its YouTube site that talks about the home-office deduction.  You can find the video here.

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