Tags: Deductions

Home Office Tax Deductions For Small Businesses

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Home Office Tax Deductions For Small Businesses

The home office deduction can save you taxes. It allows you to deduct a part of your rent or mortgage payments, utilities and other home expenses. It can also increase your business mileage deduction. Here’s what to know about the home office tax deductions for small businesses and self-employed.

Business Owner Salary: What Should You Pay Yourself?

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Business Owner Salary: What Should You Pay Yourself?

As a small business owner or independent contractor, you face an interesting question: What should you pay yourself? In this post, we’ll go over some of the factors you should consider when deciding on what your business owner salary should be.