Jul 18 2011

Easier Business Management

Category: General,Internetadmin @ 11:44 am
SAN FRANCISCO - FEBRUARY 25:  Job seekers Ray ...

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Keeping your people working together effectively can be a serious challenge. Sometimes, it almost feels like you can not allow anyone to leave the office if you want to be sure they all stay on the same page. However, through the use of technology, you can get your people to work together reliably. You can even make it tax deductible for yourself, and offer your people the perk of doing some work from home.

When people communicate well they do better business together. By using a system such as a Cricket Android that you supply, every member of your team can be in contact. There won’t be issues of incompatible phones or issues with payment, because you’ll be taking care of this. This is especially nice because you’ll be able to deduct the costs of the phones you issue your team from your taxes.

The best part of all about issuing your people some high-end phones is that you can pick up apps and distribute them easily. This way you can ensure that everybody has the same kind of functions available to them. So when you send a particular kind of file out in a mass email, you won’t have to worry about everyone being able use it.

Of course, your team will love how this will allow them to telecommute. One of the best perks in the corporate world is being able to work from anywhere. Never underestimate the effect this has on morale.

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Jun 04 2011

Tax Benefits for an Office in Home

Category: General,Technologyadmin @ 1:27 pm
Paying taxes is required for both citizens and...

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If you work at home, whether you work for an employer or are self-employed, you may be able to take advantage of the Office-in-Home deduction on your federal income tax.  In order to claim the Office-in-Home deduction the IRS requires that you meet two fundamental requirements.

First, that the space in your home is used regularly and exclusively for business. It doesn’t have to be an entire room.  It can be a corner of a room, but it must be used exclusively for business.

The second requirement is that it be your principal place of business.  If you are self-employed and work out of your home you meet the qualifications.  You may also meet the qualifications if you are an employee and work at home for your employer’s convenience.  Sales people often have this arrangement because the majority of their office work is done at home. The actual sales are made at various locations and the employer is headquartered in another city or state.

If you meet the two fundamental requirements, you may be able to deduct a portion of your utilities, your home owner’s insurance, real estate taxes, mortgage interest, etc.   You don’t have to own your home to be able to claim the deductions.  Renters also qualify.

So if you work from home, it is good idea to keep a record of all your monthly utility bills and other expenses so you will have the information available to you at tax time.  For further details about the Office-in-Home deduction, consult IRS publication 587.

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