#501 TAX LAWYER EXPLAINS: Get Your Home Office For Free?

Main Street Business

Kandungan disediakan oleh Mark J Kohler and Mat Sorensen, Mark J Kohler, and Mat Sorensen. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Mark J Kohler and Mat Sorensen, Mark J Kohler, and Mat Sorensen atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

4M ago 23:47

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In this episode of the Main Street Business Podcast, hosts Mark J. Kohler and Mat Sorensen guide small business owners through the ins and outs of claiming the home office deduction. They also highlight other valuable tax write-offs, encouraging everyone to maximize their savings. Tune in to learn how to keep more of your hard-earned money!

Here's what you can look forward to:

Mark and Mat emphasize the importance of understanding the home office deduction and its representation for small business owners.
They map out the different strategies that exist for various business structures like S corp, schedule C, schedule E, and schedule F
Detail the different methods for calculating the home office deduction, such as the regular method and the simplified method.
Expanding the use of home space beyond traditional office settings, such as using kitchens for catering businesses
Highlight other key business strategies, including putting kids on payroll, funding retirement accounts.
Suggest thinking outside the box and considering what each business needs when utilizing home space.
Encourage business owners to demand conversations with accountants about maximizing deductions.

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1. #501 TAX LAWYER EXPLAINS: Get Your Home Office For Free? (00:00:00)

2. Unlocking the Home Office Deduction (00:00:01)

3. Maximizing Home Office Tax Deductions (00:07:43)

4. Tax Strategies for Home Businesses (00:15:55)

529 episod

#Business #Mark J Kohler #Mat Sorensen #MBA #Entrepreneur #Mark J Kohler And Mat Sorensen #Tax Strategy #Legal Compliance #Business Structure #Tax Tip #Accounting #Irs Updates #Financial Reporting #Tax Prep #Tax Reform #Estate Planning