As tax time approaches I’d like to share some information with my readers who are entrepreneurs. This article discusses tax write-offs for business owners who work out of their homes. As always, check with the IRS and you accountant to verify.
Most authors have a home office space for writing–or at least a little area for a table and computer. The IRS allows for home-office deductions for small businesses, and I have learned that this year there’s a new way to do your at-home business deductions. An article in the December issue of The Costco Connection highlights this new deduction method. Click here to learn more.