The Home Office Deduction
December 13, 2012
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If you maintain an office in your home, you may qualify to deduct certain expenses associated with the space, such as: Utilities Mortgage Interest Rent
Resources
Spend more time doing what you love - not doing math.
The Costs of Doing Business
December 5, 2012
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The small expenses of running a business can add up quickly, so be sure you keep track of the expenses you can deduct (i.e., subtract
Home Office Expenses: Direct, Indirect, and Unrelated
November 7, 2012
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Resources: IRS Publication 587 2011 Form 8829 Instructions for 2011 Form 8829 Why YOU Should Care: If you maintain a home office and spend money
Craft and Art Fairs – Considerations for Merchants
July 11, 2012
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Resources: Business Use of your Car: Mileage Illinois Department of Revenue: Taxes at Fairs, Festivals, Flea Markets, and Craft Shows Why YOU Should Care: If
The Limited Liability Company (LLC)
June 21, 2012
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The key reason most people look to “incorporate” their small business is to mitigate personal risk. The following business form will often protect your personal
Business or Hobby?
June 20, 2012
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Resouces: Publication 535: Business Expenses IRS Article: Is Your Hobby a For-Profit Endeavor? Why YOU Should Care: The answer to this question has implications on
eCommerce Tax Tips
June 17, 2012
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The most common questions I receive from online merchants pertain to sales tax collection and business deductions. Sales Tax In the offline world, sales taxes
Home Office – Special Considerations: Employee Use
May 30, 2012
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This is part of the Home Office series. Resources: IRS Publication 587 Form 8829, Expenses for Business Use of Your Home Why YOU Should Care:
The Sole Proprietorship
May 21, 2012
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One of the most common questions I get from entrepreneurs is how they should initially set up their business. Should they incorporate? Will a sole
Business Use of Your Car: Mileage
May 16, 2012
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Resources: IRS Standard Mileage Rates Revenue Procedure 2010-51 Notice 2012-1 Why YOU Should Care: Using your car for business purposes (e.g, driving to a craft
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