Make Business Deductions Out Of Your Personal Expenses Part 2

<h2> Home Office Deduction <h2/>

<p> Many people know about the home office deduction yet for some reason do not take it.  The most important part about the deduction is that you make sure that your house has a segregated space as an office.  For example do not try to write off the kitchen table that you sometimes do work on as a deduction. But, your office can be part of a larger room and still take the deduction. <p/>

<p> There are two different ways in which you can take the home office deduction.  The simplest way is to take a percentage of the square footage of your home and write it off.  Although simple this isn’t necessarily the best way to maximize the deduction.  Sometimes the better way is to see how much office space rents for per square foot in your area.  You can then multiply this by the square footage of your office and take this figure as your deduction. <p/>

<h2> Corporate Gym <h2/>

<p> A lot of people have workout equipment of some sort in their house.  Why not have your company buy this equipment. If the equipment was already purchased by you then your company can reimburse you for the amount that you spent.  It can then be written off.  At this point you can also add the square footage of the gym area to your home office deduction. <p/>

<h2> Supplies <h2/>

<p> Desks, chairs, computers, paper, and everyday supplies are some basic examples of things that can be written off.  Also, any supplies needed to keep the office clean can be written off. <p/>

<h2> Refrigerator <h2/>

<p> If you worked out of an office building you would most likely have a fridge for your employees.  This allows you to be entitled to this at your home office.  Furthermore this does not mean that you have to go out and get a separate refrigerator.  You can simply designate a shelf on your family fridge for the office.  Fill the shelf with snacks and refreshments and you can write of the food on it too.  <p/>