What Home Office Deductions Can Save Me Money?
Jan 18, 2019
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Changes in the tax laws affecting businesses may have many of you wondering what tax deductions are still allowable. In fact, you may be wondering what qualifies as home office use, period. Let’s take a look. First, the home office will qualify if you use it as your administrative office for your business. This is true, whether you operate as a sole proprietor, an LLC or a corporation. With the new tax law, Section 280A was amended to provide that a home office may qualify as a principal place of business. What Does “Principal Place Of Business” Mean In Practice? You’ll want to be sure...
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