Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that entity.
Nine Tax Rules for Sole Proprietors
Tag: home office deduction
Top IRS Audit Triggers
The IRS has said it will increase audits of small businesses by 50%. So, what audit triggers can your business look at to help avoid being targeted?
What Home Office Expenses can I Deduct?
If you’re self-employed and run your business from home, you might be able to claim deductions for home office expenses against your business income.
Have a Home Office? You Might be Eligible for Home Office Deductions
If you’re self-employed and work out of an office in your home, you may be entitled to home office deductions. However, you must satisfy strict rules.
How to Qualify for Home Office Deductions
Working from home has its perks. Not only can you skip the commute, but you also might be eligible for home office deductions on your tax return. Home office deductions for these expenses can save you a bundle, if you meet the tax law qualifications.
The Home Office Deduction: Actual Expenses vs. the Simplified Method
If you run your business from home, you might be able to claim a home office deduction.