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Form 8829 Instructions: Claim Home Office Deduction

Fundera

IRS Form 8829 is one of two ways to claim a home office deduction on your business taxes. Only self-employed people are eligible to claim this deduction. If your business qualifies for the home office deduction, you’ll file Form 8829 with your Schedule C, profit or loss from business. IRS Form 8829.

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Are Credit Card Reward Taxable – The Dark Side of Taxes

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The couple caught the limelight in 2021 when the IRS contented them for owing taxes of more than $300,000 on their earnings from credit card rewards in 2013-2014. However, when it comes to using your credit card rewards to cover your business purchases, there are some crucial things to consider.

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OCC’s Green Light on Short-Term Loans Could Give Businesses More Options

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The Office of the Comptroller of the Currency (OCC) recently issued guidance encouraging banks to offer small, short-term loans to customers. This marks a reversal from the position that the OCC had taken back in 2013, discouraging banks from offering these types of loans. The OCC Took a Stance Against Short-Lending Starting in 2013.

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Zenefits vs. TriNet: Which Is Right for Your Business?

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Zenefits will work best for newer businesses, while TriNet is a good option for businesses that are quickly scaling. When it comes to HR for small business , entrepreneurs have an array of software options to help automate and manage the process–from administering payroll to managing health benefits and more.

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Gusto vs. Zenefits: Which Is Best for Your Business?

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Gusto is an easy-to-use payroll software for small businesses that also offers add-on services for things like benefits administration and retirement planning. Zenefits is a cheaper option for very small businesses, but as your business scales, Gusto is more cost-efficient. Zenefits: Which Is Better? Tip credits.

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Is Your Gift Card Expired? Make the Most of Your Gift Cards by Knowing the Law

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Supporting small businesses can be as simple as purchasing gift cards from them. Although this may not save you money, it is an excellent way to make sure that your money is going to support local businesses and communities. Inactivity fees can only be deducted once a month. Shop local.

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How the Application Process Works With Bond Street

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With a slick website and simple loan application process, Bond Street is doing just that by providing “small business loans that are simple, transparent, and fair.”. Payment Frequency: Loan payments get deducted from your business checking account on the 1st and 16th of each month. Why Go With Bond Street?