Home office deductions can be one of the most valuable tax benefits for small and home-based businesses — but they’re also one of the most misunderstood.
To qualify, your workspace must be used regularly and exclusively for business. When done correctly, you may deduct a portion of rent or mortgage interest, utilities, internet, insurance, and certain repairs. Many business owners either skip this deduction entirely or claim it incorrectly, increasing audit risk.
At KRB Accounting & Consulting, we help small businesses calculate home office deductions accurately and compliantly so you maximize savings without creating problems. Schedule a free business tax review to see what you may be missing.