Welcome!

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My name is Helena Swyter and I’m here to help you with your tax and business consulting needs.

I’m passionate about financial literacy. I believe in demystifying the often-obscure tax code. Below, I will be sharing my knowledge about tax topics to help you and your business.

Interested in more of my help? Take a look at the tax and business services I offer and see what others have to say about working with me. Contact me with any comments or questions.

Deducting Travel Expenses When You Use Public Transit

If you use your personal vehicle for business purposes – except for commuting! – you may qualify to deduct the mileage that you travel. But what happens if you take public transit to meet clients or attend business functions? If you are self-employed, that cost is also a business deduction.

(Note that I will be discussing travel within your hometown – i.e., those who live in larger cities and regularly use public transit to get around. If you are in a different city for business and use their public transit system, that would also be a deduction. However, the options below – getting a separate transit card or managing your travel online – may not apply. Just be sure to keep all receipts and document your business travel as always!)

Trips on public transit are easily overlooked by entrepreneurs – but it adds up! The key to deducting trips by public transit is documentation. Often, if a transit system uses a refillable card system, people maintain only one. While this makes sense in saving space in your wallet, this can lead to a messy co-mingling of business and personal expenses.

Continue reading “Deducting Travel Expenses When You Use Public Transit”

Coworking Memberships and Home Offices

Occasionally, I’m interviewed for articles elsewhere. Recently, I spoke to the good people at Deskpass about the tax implications of where you work. In this interview, we discuss:

  • Deduction coworking memberships and related costs,
  • Deducting transportation costs to and from the coworking space, and
  • The impacts on a home office, if you have one of those as well.

Read the full interview here.