Home Office Tips
by BB Lee (C)2006
mailto:smallbizbits@yahoo.com

You've decided to start a home based business. Now your next
important step is to decide where to place your home office.
You decide to place the home office in a corner of your bedroom.
Or in the corner of a dinning room. Maybe even the family room
surrounded by the kid's huge toy collection.
Heh, you reason, it's better than no office at all. Besides it
takes up a small space and cost almost zero to set up.
Wrong...Wrong...Wrong!
If you operate your home office out of a room primarily used for
another purpose you are making an enormous mistake.
A friend admits her first home office was a little nook in
the corner of her den facing a noisy street. After constant
interruptions and street noise she relocated her home office to an
unused secluded spare bedroom. A very smart move on her part!
It is highly recommended by many experienced home business owners
to place your home office in a separate area. Why? This will
entitle you to a nice little tax benefit.
If your home office meets "Tax Qualifications" you might easily
deduct everything from rent to office supplies.
Once again: You must remember to qualify for these
deductions your home office must be a separate
room used only to operate your home based business.
It should not be a room used for
extra storage, or for the kids to gather after
school or a guest bedroom.
Here's a few more deductions you might qualify
for under current tax regulations.
-Your office supplies
-Supplies used to clean your office
-Equipment depreciation
-Lease payments on equipment
-Rental fees on equipment
-Equipment repairs
-Business telephone line
-Business manuals
-Business training/courses
-Home mortgage or rental deductions
Note: for up to date tax regulations visit the IRS
web-site online.
And there's a few other very good reason why your home office
should be a separate space. If your business involves
personal contact with customers you certainly should never
ever greet them in a messy bedroom/office. Think of the
first impression you will make on your clients!
Makes you think...huh?
Not a very professional image!
And it's also a good idea to separate your personal and business
life to boost your productivity. Thereby discouraging friends
and/or family members from dropping by to chat during work hours.
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Article by BB Lee at SmallBizBits News
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