One of the more common scenarios I see with new businesses clients is neglect of the first steps of starting a business. Failure to do first things first can have serious tax and legal implications downstream. It cannot be stressed enough; organizati
The simplified home office option took effect starting January 1, 2013. Use of this option allows the taxpayer who uses a home office for business to deduct the space without maintaining expense records. It is recommended by the IRS as a viable alter
One of the most misunderstood and neglected business deductions is the home office. Both tax professionals and clients oftentimes are reluctant to take this valuable deduction. It is unfortunate, because the home office deduction is both valuable and
