Introduction The home office deduction allows self-employed individuals to deduct a portion of their home expenses when they use a dedicated workspace for business. According to IRC § 280A,...
Introduction Tax deductions help small businesses legally reduce taxable income, lowering overall tax liability. The IRS allows businesses to deduct ordinary and necessary expenses related to operations under IRC...
Introduction Reducing business taxes legally is essential for improving cash flow and increasing profitability. The IRS provides multiple tax-saving strategies, including deductions, credits, depreciation, and retirement contributions that help...