Tips On Small Business Taxes in the USA
1. If you run a small business out of your home, you can deduct part of your home as office space and a business expense. The IRS says that it must be a space in your home devoted to your business and absolutely nothing else. Typically, you could just deduct your den, as long as your den doesn’t include things like a bed and a beer cooler! And yes, once you have the metric worked out, you can deduct that fraction for all home expenses that include rent, mortgage, insurance, electricity, and so on. Read the rest of this entry »
