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How to Protect Yourself from Audit Risk
For most small business owners, the 2023 tax season is behind them. But with increased funding for the IRS to step up audits of small ... -
10 Ideas for Avoiding Waste
Benjamin Franklin said it best: “Waste neither time nor money, but make the best use of both. Without industry and frugality, nothing will do, and ... -
Multiple Businesses: Thorny Tax Traps
Today, many go-getters aren’t satisfied running one business. They pursue multiple ventures at the same time. There may be various reasons for this, including having ... -
5 Things to Remember about the Home Office Deduction
The pandemic caused many small business owners to abandon their offices—and the rent for them—in favor of working from home and allowing staff to do ... -
Working from Home Due to COVID-19: Tax Implications
If you are self-employed and conduct business from home, you may be eligible to take a home office deduction. There are strict tax rules governing ... -
Do’s and Don’ts for the Home Office Deduction
According to the SBA, about 50% of all businesses in the U.S. are home-based. More specifically, 60.1% of all businesses without paid employees are home-based, ...
Tag: home office deduction
Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.
