Tax Tips For Professionals & Small Business Owners

  • Published on
    18-Jan-2015

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My recent presentation at a Lunch & Learn hosted by Lori Williams.

Transcript

  • 1. Tax Tips for Professionals & Small Business Owners
    OVERVIEW:
    Home Office Deduction
    Tax Incentives
    Red Flags

2. The Home Office Deduction
The home office deduction allows you to deduct the business portion of the following expenses of your home:

  • utilities

3. home insurance premiums 4. repairs 5. the lower of the cost of your home or its market value (through depreciation over 39 years) 6. property taxes 7. mortgage interest