Tax & The IRS
Home-Office Deductions Have a Steep Price Tag
Question: I’m a real-estate consultant and conduct most of my business at home. Can you share your thoughts with me about the pros and cons of taking a deduction for a home office? Answer: Read on the StartUp Journal
How to Deduct Entertainment Costs
Most business owners know that certain entertainment expenses are deductible under some circumstances, but judging by the large number of questions I get on this topic, I don´t think many people actually know the rules. Like all business deductions, entertainment costs must be “ordinary and necessary” in order to qualify. If your business is a [...]
Five Tax Breaks For At-Home Entrepreneurs
By the Census Bureau’s last count in 2002, half of all businesses in the U.S. are home-based. The U.S. government encourages this kind of entrepreneurship. Dig deep and at-home entrepreneurs will find a few precious tax deductions. Alterations to the tax code in 1999 made it easier to qualify for home-office tax deductions. Below are [...]
