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If you're like most business owners, the discussion with your CPA is often an annual event and it can sometimes come a little ...
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Thinking about starting a business from your home? Plenty of well-known businesses have started with simple home-based roots. For example, in 1994 Jeff ...
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Agree how much time you'll spend running a business from home: Define the amount of time you'll spend working at home. This is especially necessary if you ...
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I used to hate filing my taxes more than anything else in this world. It became an infamously dark time in my home. Once April hit, my family and friends ...
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These deductions will be entered in Schedule C. Publication 587 titled “ Business Use of Your Home” explains in detail how to keep records and what the IRS ...
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If you worked in the gig economy in 2018, you are considered self-employed and may be able to claim the new 20 percent qualified business income deduction.
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Ensure you submit a log of your business-related mileage, so you can clearly demonstrate how your personal vehicle was used for professional purposes.
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Take the standard deduction on Form 1040.
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