With so many smart home owners looking into multiple streams of income, entrepreneurs are popping up everywhere. Currently 1 in 5 Americans working from home, with an additional 24% of employed folks doing all or part of their work from home. Not only that, set up and used correctly, you can make the IRS happy
and snag a home office deduction. Your office must be your principal place of business, or where you meet clients or customers in the normal course of business.
Besides a nice deduction at the end of the year, separating space from the rest of your home makes it feel more like an office instead of just “working off the kitchen table.” You’ll feel more professional and it provides you with the ability to shut the door. Create a welcoming space if you plan to meet with clients.
To get a nice deduction at the end of the year, and avoid potential problems, set up your office in compliance with IRS small business/home office guidelines. If you’re unsure about requirements, contact their office or your local SBA. We’d love to hear from you. Stop by our Facebook page and say hello or visit our website OhioCapitalMortgage.com.
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Columbus Office
107 Commerce Park Drive, Suite B
Westerville, Ohio 43082
P: 614.891.9000
C: 614.580.9755
F: 614.474.5635