Self Employment Success Flushing NY

Here are a few tax tips to make your work-at-home dream come true.

Marks Paneth & Shron LLP
(212) 503-8800
622 Third Avenue
New York, NY
Accounting & Auditing, Consulting, Litigation & Corporate Financial Advisory Services, Restructuring & Bankrupty, Small Business Services, Tax

Adelman Katz & Mond LLP
(212) 382-0404
230 West 41st St.
New York, NY
Representation at tax examinations, Partnership tax planning and preparation, Not-for-profit and private foundation services , Offers-in-compromise , Insurance planning , Incorporation and business formation , Forecasts and projections , Due diligence , Corporate tax planning and preparation , Computer Consulting, Cash flow and cash management, Business valuations , Business succession planning , Business plans , Business management , Bookkeeping , Bank and alternative financing assistance , Aud

Inemer & Wolf LLP
(212) 944-2555
570 Seventh Avenue
New York, NY
Accounting and Tax , QuickBooks , Incorporations , Media and Entertainment Accounting , Healthcare Accounting , Individuals

PriceWaterhouseCoopers, LLC
[1] (646) 471 4000
300 Madison Avenue
New York, NY
Audit and assurance, Consulting, Deals, Human resources, Legal services, Tax

Cavalcante & Company
(212) 675-6773
14 West 23rd Street
New York, NY
Accounting Services, Tax Services, Financial Planning, Estates & Trusts

Ernst & Young
+1 212 773 3000
5 Times Square
New York, NY
Advisory, Assurance, Tax, Transaction, Strategic Growth Markets, Specialty Services

Phillip and Associates, LLC
(718) 241-2233
5808 Avenue N.
Brooklyn, NY
Accounting and Tax , QuickBooks Accounting , Incorporations , Construction Accounting , Medical/Dental Accounting , Hotel Accounting , Non-Profit Accounting , IRS Tax Resolution Services

Silver & Company Accountants & Consultants
(212) 644-1222
155 East 55th Street
New York, NY
Small Business, Restaurant, Taverns & Nightclubs, Individual Accounting

Lenard A. Silverman, CPA, CFP
(212) 868-2511
450 Seventh Ave
New York, NY
Financial Planning, Quickbooks

Bernard Shapiro, CPA MBA
(917) 952-9497
555 Fifth Ave
New York, NY
Specializing in Small Business & Start-up Businesses

Self Employment Success

Provided by:

It's the modern American dream, isn't it? You wake up at 9 a.m. You make yourself a homemade cup of joe. You stay in your pajamas. And you get paid too. But the IRS has a few caveats to making the work-at-home dream, well, work. Here are a few tax tips so you can stay ahead on your taxes:

Deducting Expenses for a Home Office

In 1999, the rules for deducting expenses associated with a home office were loosened significantly, allowing many people who were previously denied the deduction to begin claiming it. If you're self-employed and use a portion of your home regularly and exclusively for the record keeping and management functions of your business, and you have no other location where you regularly perform such functions, you may qualify for a home-office deduction.

The rules are trickier for employees who work at home. Keep in mind that the use of a home office by an employee must be required by the employer, not merely permitted by the employer.

Don't Get Comfortable in Your Office Furniture

Here's another caveat: if you want to write off your new home office desk chair, don't even think about sitting in it after business hours. You can deduct the cost of your office furniture only if it is used for business 100 percent of the time. Ordinarily you would depreciate that cost over several years, but the section 179 expense deduction allows you to deduct the entire cost in the year of purchase if you qualify.

No matter how you figure it, a home office is definitely a complex deduction - there are a lot of regulations that surround it. We recommend you seek advice from your tax professional if you're planning to take this one....

Click here to read the rest of the article at