Articles, tagged with "home office deduction", page 1

Getting Ready For Year End: What's Tax Deductible?

In this article, I would like to discuss what's deductible for business; and why we need to track large purchases for our business separately. -What's deductible? Gathering information for your tax return is much simpler once you know what you are... Read >
Author: Rebecca Tervo

The Home Office Deduction: A Factor of Your Self-Employed Business

It seems like everyone who starts a business wants to take the home office deduction. There are some definite problems to watch out for with the home office deduction. The biggest one is the IRS itself. Deducting your home office an increase your chances ... Read >
Author: SusanZapper

Small Business Taxes - What Is Your Biggest Obstacle To Paying Less Tax?

Before I tell you the biggest obstacle to small business tax reduction, let me tell you a story. One foggy night the captain of a large ship saw what appeared to be another ship's lights approaching in the distance. The two were on a course that would mea... Read >
Author: Wayne M. Davies

Tax Tips for Construction, Architecture, and Engineering Firms

Quite a few of the tax techniques that pertain to owning a regular small business also relate to engineering, construction, and architecture businesses, at the same time you can get plenty of tax techniques that are appealing to a majority of these three ... Read >
Author: John C. Huddleston

Schedule C Tax Tips - Why Filing Schedule C-EZ May Be A Big Mistake For Your Small Business

Are you a sole proprietor who files the shorter Schedule C-EZ rather than the traditional (and longer) Schedule C? If so, please read on to find out why you may be making a big mistake. First, a quick review of the qualifications for using Schedule C-E... Read >
Author: Wayne M. Davies

Schedule C Tax Tips - 3 Easy Ways To Reduce The Dreaded Self-Employment Tax

Frustrated with the amount of self-employment (SE) tax you pay each year? You should be. The sole proprietor pays twice as much in SE tax (15.3%) as the employee pays in federal payroll taxes (7.65%). What's a Schedule C filer to do? Here are three ways t... Read >
Author: Wayne M. Davies

Self employed loans makes dream come true

Self employed loans can be a big step towards your dream to come true, a lot of people have dreamed of owning their own business. But the dream of owning your own business can be a very long journey, which is why self employed loans are there to assist... Read >
Author: SEO

Form 8829 - How Much Money Can the Home Office Deduction Save You?

Here's a common tax question from home-based business owners: "Why do people make such a big deal about the home office deduction? It's not really worth that much, is it?" Like most tax questions, the answer to this question is "It depends." It depends on... Read >
Author: Wayne M. Davies

Three Biggest Myths Network Marketers Believe About Taxes

If I Take the Home Office Deduction, Will it Increase My Risk of Getting Audited? It's surprising how many network marketers actually overpay their taxes. There are common misconceptions Network Marketers have in preparing their tax returns that can c... Read >
Author: Jim Flauaus

How can Network Marketing / MLM Business Owners Qualify to Deduct Home Office Expenses?

One of the questions that Network Marketing / Multi Level Marketing owners ask is “What do you have to do to qualify for the home office deduction?" There are strict requirements you must meet in order to qualify, and it pays to “know the (IRS) code" to ... Read >
Author: Jim Flauaus

Tax Advantages of a Home Based Business

To be eligible for business related deductions, you must use that part of your home claimed exclusively and regularly as the principal location of your business. You can calculate what percentage of the house is used for business, either by number of room... Read >
Author: Douglas Adams

How can you maximize your federal tax refund?

If you gain mastery over how you can maximize your tax refund then you can save a huge amount of money on taxes. By availing tax deductions you can maximize your federal tax return by 15%, 25% or even 50 %. Tax deduction helps in reducing the amount... Read >
Author: bruceconans

Tax Incentives to Own a Rental Property

If you own rental property, you may qualify to take a number of additional deductions specifically, for landlords. In our new deduction of the week entry we decided to take a look at some of these rental property deductions. Interest As a landlord ... Read >
Author: Roni Deutch

Home Office Tax Relief

A home office deduction is well worth considering if you work, or run your business, from home. Depending on your local tax law, you could be eligible for some tax relief. What this means is that if you able to qualify for this tax relief, you can red... Read >
Author: David Congreave

How Your Company Book Can Protect Your Tax Savings

This week I'll share my third planning tip, but before I do, I want to share a very important item that could significantly impact your tax planning: If the IRS believes that your tax planning doesn't meet their standards, then they can fine you an amo... Read >
Author: Tom Wheelwright

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