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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
How Long Should I Keep My Business Documents?
3 Years Prospective employee job applications (even if they weren’t hired) Employee hiring records Employee FMLA records and all documentation including dates and number of leave hours taken Former employee I-9 forms (from the date of termination) 4 Years Employment tax records including timesheets, wages and tips, retirement payments, disability/sick benefits, and any additional deductions/payments