BHT&D Certified Public Accountants Blog

A Simplified Option for Claiming the Home Office Tax Deduction

Posted by Joe Turnes on Fri, Sep 20, 2013 @ 08:58 AM

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?"

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Tags: Tax Deductions, Home Office Tax Deduction

How to Correct a Prior Year Depreciation Deduction Error

Posted by Dwayne Houghton on Tue, Aug 06, 2013 @ 09:00 AM

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.

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Tags: Tax Deductions, Depreciation Deduction

Are My Travel Expenses Tax Deductible If Family Members Are With Me?

Posted by Steven Thompson on Tue, Jul 16, 2013 @ 10:15 AM

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.

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Tags: Tax Deductions, Tax Deductible Travel Expenses