Home Rental

3 Travel Expenses to maximize your Tax Savings

Business owners may perform business travel for several reasons. Often, owners are hesitant to take travel related deductions or are unaware that using some simple strategies, they can combine travel deductions and vacation.

Tax Deductions: Home Office

If your office location is in your house, you can deduct your bills for insurance, utilities, security, association fees, maintenance and general repairs.

Renting Your Home Tax Strategy

Do you conduct meetings with your managers or employees at home? The IRS allows you to rent your primary home or vacation home.