There are several strategies on how to maximize the Home Office Deduction. In fact, there has been a new strategy released by the IRS in 2014 and provides an wonderful basic and simple option for almost every business owner.
Please realize that you actually may have a unique situation and there isn’t a one-size fit’s all approach or answer to a every new business situation. You will most certainly have a set of facts that are different from friend’s, mine or anybody else.
First and foremost, remember the auto deduction isn’t travel, but expenses for your
Many small business owners who operate under a corporation or LLC have heard
The artist formerly known as “The Artist Formerly Known as Prince” had no known will or trust at the time of his death. Because Prince left no will or trust, the probate laws of the State of Minnesota will decide who inherits his massive estate, and in what percentages.
It’s scary for many of us to think where our address is posted publicly and how easy it would be for someone to find it.
Now I want to discuss the liability created by our personal actions that could threaten our business or assets. I call this “Outside Liability”- Exposure created outside our business that could allow a creditor to take our business from us.
Thousands of business owners get taken advantage of each year with high priced asset protection plans that don’t come close to providing the protection they were promised.
When it comes to these ever increasing expenses and strategies to make us more successful in our business, we should be looking for ways to deduct them.
No one wants to pay extra penalties for not making a deposit with the IRS.