Home office expenses might be one of the most feared business deductions due to concern over disallowance by the IRS. Thus, many taxpayers entitled to the deduction don’t claim it. If you use part of your home exclusively and regularly for conducting business, you may be able to deduct expenses such as mortgage interest, insurance, utilities, repairs, and depreciation for that area. You need to figure out the percentage of your home devoted to your business activities, utilities, repairs, and depreciation.
Jason Dinesen Jason Dinesen is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on accounting and bookkeeping services, tax preparation and business advising to individuals with a business focus ranging from home-based businesses to multistate corporations and not-for-profits. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of multiple 1099 seminars. Dinesen majored in corporate communications with a minor in management from Simpson College
CAPA/Root Cause Analysis: Achieving Compliance with Proper …
Risk and FDA Inspections: Anticipation, Preparation, Reacti…
Supervising a Human Error Free Environment: You can do a Lo…
Wage and Hour Compliance : Avoiding Stiff Penalties Under F…
The design was the leading cause of the most serious medica…
Data Integrity and Privacy: Compliance with 21 CFR Part 11,…
Non-Compete Agreements in the Workplace Will Be banned in 2…
Enhancing Employee Engagement to Drive Organizational Perfo…
FMLA: The law, challenges, and application
Effectively Controlling Conflict At Work: Practical Strateg…
Project Management for administrative professionals
All About Civility - Eliminating a Culture of Gossip Rumors…
AML Basics, Current Issues - Staying Compliant with the Reg…
Zero Acceptance Sampling to Reduce Inspection Costs
Implementing a Robust Change Control Program - Key Elements…
Exempt vs Non-Exempt Employees: Understand the Difference a…
3-Hour Excel Automation Boot Camp: Top Ten Excel Functions …
I-9 Audits: Strengthening Your Immigration Compliance Strat…
Remote Deposit Capture (RDC): Rules and Regulations - Legal…
Estate, Gift, and Generation-Skipping Transfer Taxes
Accounting For Non Accountants : Debit, Credits And Financi…
New Pregnancy Protections Regulations in the Workplace for …
Employee Documentation: Are You Collecting and Retaining Re…