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.
Tag: simplified method
Business Owners Still Have Time to Set Up a SEP Plan for 2019
A Simplified Employee Pension (SEP) can still be set up for 2019, and you can make contributions to it that you can deduct on your 2019 income tax return.
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.