Photo by raw pixel from pexel
When possible, you want to claim that your office in your home qualifies as a principal place of business, because this classification
Current law gives you two ways to claim your office in the home as a principal office:
Question for you: If you have an office downtown where you spend 40 hours a week, can you claim that you have an office in your home that qualifies as a principal office if you spend only 12 hours a week working in the home office?
If you said no, could you also be wrong?
If you would like to discuss how this might work to your benefit, please call me on my direct line at 262-358-8297. We can help you with a Tax Plan.
We're Here to Help
Get advice from our experienced network of financial managers.
Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances.
Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.