November 23, 2017

If you are qualified for a home office deduction, you need to determine how much you can deduct. To determine the value of the deduction you can do two ways.

Simplified option:

Deduct by the square feet. According to IRS, if your home office has 300 square feet or less y...

November 17, 2017

Being an entrepreneur requires a lot of time and dedication. Most of the small business owners wear several hats. CEO, manager, employee, computer tech ... the list goes on. Sometimes you become overwhelmed with secondary tasks rather than spending time with your clien...

November 15, 2017

Many entrepreneurs start their business from their home, garage, or a basement. However, not everyone meets the criteria to claim the home office deduction. There is a simple explanation when you can use home office deduction.

IRS states that you have to meet 2 conditi...

November 10, 2017

Every year the government of the United States makes changes to the tax laws. At the end of 2016, Congress of the United States cut off some of the credits and deductions.  Here is what can affect your 2017 tax return:

1. Mortgage Insurance Premium Deduction

Mortgage Ins...

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