Back Office Solutions Simplified, LLC

Have a home office? Take the Tax Advantage! 🙌🏻💰

Many times when I talk to clients they are afraid to take a home office deduction, they are worried it will flag an audit. This is not typically the case! 🏠

Generally speaking, to qualify for the home office deduction you must be able to show:

Exclusive and regular use: You must use a portion of your home exclusively and regularly for your business.

Principal place of business: Your home office must be either the principal location of that business, or a place where you regularly meet with customers or clients.

Exceptions: Some exceptions to these rules, such as for daycare and storage facilities...

Common write offs -

✅ Direct Expenses - Such as painting your office or a direct phone line

✅ Indirect expenses -
Because part of your home qualifies as business property, part of the costs of running it can be converted from non-deductible personal expenses to business write-offs.

If your office space takes up 20% of the house, you can deduct 20% of your:

✅ Bills for utilities
✅ Homeowners insurance
✅ Homeowners association fees
✅ Security
✅ General repairs and maintenance

I always suggest you talk to your accountant but this should help you plan!