Best Bookkeeping Services in Worcester, MA

Another tax-planning tip: Do you operate an S-Corp business? Do you work from home in a dedicated home office space for that S-Corp? Did you know that you may be able claim those home office expenses through your S-Corp? You may need to set up an Accountable Plan. An Accountable Plan is a document that outlines how that the business- in this case an S-Corp- will reimburse employee/shareholder for expenses incurred or related to the business if the employee/shareholder provides receipts and invoices/vouchers the company. If you qualify for home office deductions, there is a right way and so many very wrong ways to set this up, so you need to speak with your tax professional to ensure it’s done the correct way. Don’t have a tax professional? Contact me to set up an appointment.