Home Business | 2008 Taxes

Category Archives: Home Business

Paying Taxes when Forex Trading

May 27, 2010 – 10:59 pm

It might have taken you months or years to make your first profits trading the foreign exchange markets or FOREX.

By Steve | Also posted in Tax Preparation, capital gain, tax return | Tagged 1099, foreign exchange markets, forex, home-based business | Comments (1)

Should You Hire An Outside Bookkeeping Business?

April 29, 2010 – 9:28 am

Your business is starting to grow. You’re hiring new employees. You’re considering adding a health plan. You might even move from your cramped storefront to a more luxurious space across town. This growth is good news. But it also comes with a price. Your business is gobbling up your free time like never before. You [...]

By Steve | Also posted in Extension, Tax Preparation, tax return, turbotax | Tagged bookkeeping, bookkeeping business, Outside Bookkeeping Business, Outside Bookkeeping service, turbotax, turbotax online | Comments (1)

Use your Home Office as a Tax Deduction in 2009

March 23, 2009 – 2:19 am

There are certain requirements but if you work from home and have an office in the home, you can deduct the space along with your other business expenses on your 2008 tax filing. There are types of use needed to be able to take this very helpful business deduction. First, you use the space exclusively and regularly for your business. Or two, you use the space as storage for business inventory on a regular basis.