Certified Public Accountant                                                                                                            (281) 335-4974

Important Dates To Remember

August 2, 2010 - 2nd Qtr Payroll Reports Due

September 15, 2010 - Corporate & P/S Returns Due

October 15, 2010 - Individual Income Tax Returns Due

USE  A  ROOM  IN  YOUR  HOME  AS  AN  OFFICE  AND  SAVE  THOUSANDS  ON  YOUR  TAXES 

If you own your own business and you have a room in your home that you can use exclusively and regularly as an office, you can use that office as a legitimate business deduction on your income tax return.  The rules state that the room must be used for meeting customers in the normal course of business or as the principal place of your business or for general and administrative functions for your business. 

The following is a list of items that may be deducted in connection with your home office based on the square footage of the office divided by the square footage of the entire home: 

·        Home Mortgage Interest

·        Property Taxes

·        Homeowner’s Insurance

·        Flood Insurance

·        Home Security Services

·        Cleaning Services

·        Utilities

·        Repairs 

Of course, any expense directly associated with the office, such as a separate business telephone line, would be deducted at 100%.

Contact us for more details at (281) 335-4974

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