Extreme makeover, home edition — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
Home-office deductions may undergo a makeover in the near future. The IRS is working on a simplified method for computing write-offs. Currently, deductions depend on the percentage of the home’s area used for business. (Alternatively, the percentage may be based on the number of rooms.) One idea the IRS is considering would be to set a standard dollar amount that reflects the square footage used for business.
All tax and wage & hour audits depend on the quality of your records. Bad records will sink you every time. And while it's more important than ever to stay in compliance, it's also more complex. Let Alice explain in plain English how you can master this core HR responsibility—and keep your organization out of court!...Click here to find out more.