Top 20 Common Advertising Expenses for Small Business Owners

You’re probably spending a fair amount of money on advertising your small business to potential clients and customers. Whether you’ve got a whole marketing team running the show or you just purchased your first newspaper ad, most money spent on promoting your small business is tax deductible. We’ve compiled a list of the top 20 … Continued

How to Set Up & Maintain a Tax Deductible Home Office for your Small Business

If you own a small business, you undoubtedly work from home, at least on occasion. If you’re like many small business owners in today’s world, you might even work exclusively from home. Whichever category you fall under, claiming a “home office” on your taxes and adding it into your small business bookkeeping can be tricky. Here’s … Continued

FAQ – Can I Claim a Bathroom as Part of My Home Office?

Unfortunately, no. You can’t claim a bathroom as part of your home office, even though you likely take a potty break or two during your work day. Remember the two most important words when it comes to home offices? Exclusive and Regular. Even if you mostly use the bathroom closest to your home office while … Continued

FAQ – What Home Office Expenses are Tax Deductible?

When it comes to home offices, it’s all about the tax deductions, baby! You could sit on your couch, watch tv, and do your small business bookkeeping and billing…but there’s no tax benefit to that. By creating and maintaining a home office for your small business, you can claim home office deductions that in turn … Continued

FAQ – What Qualifies as a Home Office?

If you own a small business, you undoubtedly work from home, at least on occasion. If you’re like many small business owners in today’s world, you might even work exclusively from home. Whichever category you fall under, claiming a “home office” on your taxes can be tricky. Here’s a quick step-by-step guide to make sure … Continued

FAQ – What If I do Business Outside of My Home Office?

If you read our last post, you know that in order for a home office to be claimed on taxes, it must be used exclusively and regularly for business use. However, that doesn’t mean it has to be the one and only place you do business. Here’s how to keep your home office status as … Continued

FAQ – How do I Claim a Home Office on My Taxes?

If you use part of your home for business, you may be able to claim a home office on your taxes this year. The home office deduction is available for homeowners and renters, and applies to all types of homes. Learn more if your workspace qualifies as a home office, here. There are a few … Continued

FAQ – What Qualifies as a Home Office?

If you own a small business, you undoubtedly work from home, at least on occasion. If you’re like many small business owners in today’s world, you might even work exclusively from home. Whichever category you fall under, claiming a “home office” on your taxes can be tricky. Here’s a quick step-by-step guide to make sure … Continued

I’m a Blogger. Can I Deduct Hosting, Web, and Design fees?

Do hosting, web, and design fees count as deductions? Yes, as long as they’re specific to the running of your site or blog, they count. Here’s the quick list if you’re running short on time: Design fees  – a new logo or look for your site, even business cards. Hosting fees – unless you’ve got … Continued