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Balance Sheet Basics
When a business owner reviews their “financials”, they usually jump straight to the Income Statement and ignore the Balance Sheet. You really only care about how much money you are making – and that’s on the Income Statement – so why should you care about the Balance Sheet? That is a big mistake. So let’s
Can I Take A Home Office Deduction?
So you’ve started your own business (hooray!) and want to know what deductions you are able to take. One of the most common questions relates to the home office deduction – Can I take it? Should I take it? In order to take the home office deduction, 1) the space must be used exclusively for