What Do You Write Off As A Business Expense?

[LD]

Don't forget home office deduction, just be aware of the rules.

[Greenguy]

Originally Posted by LD

Don't forget home office deduction, just be aware of the rules.

My accountant advised me to NOT do this - he said it's almost instantly an audit.

[Cleo]

Originally Posted by Greenie

My accountant advised me to NOT do this - he said it's almost instantly an audit.

Ditto

Just pay utilities instead.

[LD]

Originally Posted by Greenie

My accountant advised me to NOT do this - he said it's almost instantly an audit.

Well, you gotta do what your accountant says, for sure. But I would recommend at least getting a second opinion. The rules have changed, and it's much easier now than before. I know lots of people that have been doing it for years with no audit. AMF, some of the things listed above are much more likely to trigger an audit.

[Ramster]

Originally Posted by Greenie

My accountant advised me to NOT do this - he said it's almost instantly an audit.

I will no longer be doing it now I assume because I am working for another company now. Be hard to explain a home office, even though I have one, and that I work 40 hours for someone else all week long.