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Home Office Tips |
By:
BB Lee |
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Home Office Tips by BB Lee (C)2006 mailto:smallbizbits@yahoo.com
You've decided to start a home based business. Now your next
important step is to decide where to place your home office. You
decide to place the home office in a corner of your bedroom. Or
in the corner of a dinning room. Maybe even the family room
surrounded by the kid's huge toy collection.
Heh, you reason, it's better than no office at all. Besides it
takes up a small space and cost almost zero to set up.
Wrong...Wrong...Wrong!
If you operate your home office out of a room primarily used for
another purpose you are making an enormous mistake.
A friend admits her first home office was a little nook in the
corner of her den facing a noisy street. After constant
interruptions and street noise she relocated her home office to
an unused secluded spare bedroom. A very smart move on her part!
It is highly recommended by many experienced home business
owners to place your home office in a separate area. Why? This
will entitle you to a nice little tax benefit.
If your home office meets "Tax Qualifications" you might easily
deduct everything from rent to office supplies.
Once again: You must remember to qualify for these deductions
your home office must be a separate room used only to operate
your home based business.
It should not be a room used for extra storage, or for the kids
to gather after school or a guest bedroom.
Here's a few more deductions you might qualify for under current
tax regulations.
-Your office supplies -Supplies used to clean your office
-Equipment depreciation -Lease payments on equipment -Rental
fees on equipment -Equipment repairs -Business telephone line
-Business manuals -Business training/courses -Home mortgage or
rental deductions Note: for up to date tax regulations visit the
IRS web-site online.
And there's a few other very good reason why your home office
should be a separate space. If your business involves personal
contact with customers you certainly should never ever greet
them in a messy bedroom/office. Think of the first impression
you will make on your clients!
Makes you think...huh?
Not a very professional image!
And it's also a good idea to separate your personal and business
life to boost your productivity. Thereby discouraging friends
and/or family members from dropping by to chat during work hours.
-------------------------------------------------------- Article
by BB Lee at SmallBizBits News Visit
http://www.smallbizbitsnews.com for more articles, over 100 home
business ideas, free eBooks, eReports, and more! Subscribe
at:mailto46401-subscribe@zinnester.com
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