Tag: office

  • Do You Run Your Business from Home? You Might Be Eligible for Home Office Deductions

    Do You Run Your Business from Home? You Might Be Eligible for Home Office Deductions

    If you’re self-employed and work out of an office in your home, you may be entitled to home office deductions. However, you must satisfy strict rules. If you qualify, you can deduct the “direct expenses” of the home office. This includes the costs of painting or repairing the home office and depreciation deductions for furniture…

  • Some Deductions May Be Smaller (or Nonexistent) When You File Your 2018 Tax Return

    Some Deductions May Be Smaller (or Nonexistent) When You File Your 2018 Tax Return

    While the Tax Cuts and Jobs Act (TCJA) reduces most income tax rates and expands some tax breaks, it limits or eliminates several itemized deductions that have been valuable to many individual taxpayers. Here are five deductions you may see shrink or disappear when you file your 2018 income tax return: State and local tax…

  • Can You Deduct Home Office Expenses?

    Can You Deduct Home Office Expenses?

    Working from home has become commonplace. But jthe fact that you have a home office space doesn’t mean that you can deduct expenses associated with it. And for 2018, even fewer taxpayers will be eligible for a home office deduction. Changes under the TCJA For employees, home office expenses are a miscellaneous itemized deduction. For…

  • Making the Right Choice About Your Office Space

    Making the Right Choice About Your Office Space

    For many companies, there comes a time when owners must decide whether to renew a lease, move on to a different one or buy new (or pre-existing) space. In some cases, it’s a relatively easy decision. Maybe you’re happy where you are and feel like such a part of the local community that moving isn’t…