Small Business Tax Deductions
Stop Giving IRS Money
Did you know the deduction that will get you a tax refund from the IRS?
Small Business Tax Deductions. Home Office is one deduction an overlooked in most tax returns and could be your prominent deductions.
Have someone cleaning your home could be a deduction since it an office.
Your water and Utilities will assist you in lowering your tax bills as a result of you working.
Paying your rent and association fees if you live in a condo is also deductible.
If you would have rented an office outside of your home there for then the government would allow you to deduct it.
It is the same if you work out of your home as the results is you are saving money.
Small Business Tax Deductions Using your Home
IRS will treat your home or apartment as your office under certain conditions.
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You have to set aside one room or portion of your home as an office.
The rule says that this area can only be used for work and nothing else.
You can not use this area to watch TV or play video games.
The TV can be there if you are using to watch shows that will educate you.
Shark Tank or almost any show on CNBC or any business news.
The logic is that you are learning something while as a result of your business forward.
How they figure out the deductions Take the square foot of your home by your office.
In all of my years in accounting it most of the time 25 percent deductions.
If you get a 1099 or are self-employed, this could be a significant tax break that most taxpayers overlook.
If you have any other questions, please contact our office.
Small Business Tax Deductions stop the IRs from taking your Money
Your cell phone bill could be a tax deduction there for you can start saving money.
Small business must set up your voicemail and answer your phone in a business manner.
Here is an example of how you need to answer your phone.
The name of your company. and say how can I help you.
Do this when there is an unknown person on your caller id.
Use a professional sounding voicemail would be an example of this.
Name of your company we are assisting clients now.
Small Business Tax Deductions
Please please leave your name and number and I will get back you.
Should you have any questions please contact us and I will help you as the results as the proper voicemail
The IRS will give you the percentage of the office to your home as the deduction. Dividing the room by the square foot of your living space is how you get the percentage that you can use to reduce your taxes.
We are Corey & Associates since 1985 has assisted our clients.
Our firm files all personal and business returns.
Do not take my word on how to assist our clients and look at the reviews on Yelp and Google.
Check on what others are sayingin conclusion you will see that we are the right choice.
The office address is 1800 W 68 St Suite 118, Hialeah Fl 33014.
Contact us for a free consultation AND you could get the answers that you are looking for.
Phone 305-823-9228 and email address are albert@1040w2com.