Self Employment Success Rochester NY

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

Kazak Business Service
(585) 325-5818
36 Saint Paul St #212
Rochester, NY
Viele & Solimano
(585) 232-2670
1 Main St E #200
Rochester, NY
Arthur Andersen Llp
(585) 399-2807
1 Marine Midland Plz #1500
Rochester, NY
Heveron & Heveron
(585) 232-2956
260 Plymouth Ave S
Rochester, NY
Albert J Cesare Jr CPA
(585) 454-4080
50 N Chestnut St
Rochester, NY
Price Waterhouse & Cooper
(585) 263-7200
260 Clinton Sq
Rochester, NY
Gray Certified Public Accntng
(585) 262-5090
16 Main St E #400
Rochester, NY
Eugene N Schwenger CPA
(585) 454-3727
36 Main St W
Rochester, NY
Perry Pink & Semmler
(585) 232-4949
232 Plymouth Ave S #100
Rochester, NY
Maye Accounting Service
(585) 235-5710
718 Plymouth Ave S
Rochester, NY

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