Tax season is upon us. That nervous sense of dread is pitting in your stomach; Lady Liberty is waving signs that say “Tax Special” on street corners; Turbo Tax is stocked, it seems, in every store. And if you are like most business owners, you are scrambling for any missed tax deductions. There is one very helpful deduction that we at Sweeten CPA are always sure our clients who can take it do take it! It’s the home office deduction. (Another deduction we always recommend our clients to take when possible is the business mileage deduction. Read more about that by clicking here.)
So let’s get right to it.