OSYB Blog: Number Crunch!
News and Views from OutSource Your Books, LLC
Is a Home Office Deductible?
December 31, 2019 by OSYB Staff
Intuit QuickBooks shares some information that may help you figure out whether you can deduct your home office. First, they recommend knowing the tax forms that you need to fill out as small business owner: Schedule C is where small business owners who are self-employed report their business income and expenses Part 2 of the tax […]
The Don’ts of Small Business Deductions
September 12, 2019 by OSYB Staff
As the end of the year draws closer, you may want to stock of your small business expenses that you think fall under small business tax deductible items. ” Sometimes, it’s because of the nature of the expense—many investments self-employed people make are considered capital expenses and are just not tax-deductible—but, other times, it’s because […]
Independent Contractors, Are You Recording Your Tax Deductions?
August 15, 2019 by OSYB Staff
Intuit QuickBooks shares common expenses and tax deductions that independent contractors should be recording throughout the year to be prepared for tax season. If you are an independent contractor like a ride share service driver, a house cleaner, a consultant, construction worker, etc., you should pay attention to these details on travel-related expenses: car related […]
