The question we are addressing in today's article: "I understand there is now a Simplified Option for claiming the Home Office Tax Deduction. What are the rules?"
BHT&D Certified Public Accountants Blog
From time to time when we pick up new clients we find that the depreciation deduction that was taken for a client is incorrect. This can result from using an incorrect life or method of depreciation for a particular asset or group of assets, or from an asset never being depreciated. In addition to the obvious loss of a deduction, it can also have negative results when you sell an asset that was used in your trade of business.
Often, we hear the question, "Can I deduct travel expenses if family members accompany me on a business trip?" This article gives some general guidelines to help you answer that question.