Category Archives for Taxes

How to Get a Home Office Tax Deduction

How to Get a Home Office Tax Deduction for your home based business

As a small business owner, saving money wherever you can is a major key to success. Learn how to get a home office tax deduction, so you can pay less come tax time. Let me walk you through how to get this often overlooked tax deduction.

In order to claim a home office tax deduction, (also called the business use of your home tax deduction), there are two qualifications you must meet. You must use an area of your home regularly and exclusively for conducting business.

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Can I Write-off the Purchase of Business Books?

Today’s question is from Elizabeth of Paper Bliss Designs.
Can I write-off business books or business planners/workbooks at tax time?
Great question Elizabeth! As with most things regarding the IRS, every situation is unique and there is a lot of room for interpretation. The general rules regarding business expenses are that they must be ordinary and necessary for your trade or profession. Most likely business books to help you grow your business or learn more about your line of business would qualify.

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Confused about Business Structure? Find the Best one for You!

Confused about choosing a business structure for your new small business? Learn how to easily choose the right business structure for your new small business.

Your blog is starting to take off! Your Etsy shop is beginning to grow! You know you have a business on your hands, not just a hobby, so what’s next? Before you register your business, you need to choose a business structure. Believe me, it sounds scarier than it is. Let’s find out which structure is right for you.

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