The IRS allows business entities to deduct home office expenses. If a taxpayer has a room in their home solely devoted to business use with no personal use, the taxpayer can ratably deduct utilities, HOA dues, insurance, maintenance, and other costs. The formula for deduction is home office square footage/total home square footage. This percentage is then applied to the costs listed above. Some costs can be deducted 100% if the costs are directly attributable to the busin

An accountable plan is a plan that a company uses to reimburse its employees. If these plans adhere to IRS rules and regulations, the reimbursement of expenses are deductible to the business and are not included in the employee's taxable income. A great example of how this works is when an employee drives from the office to the post office to mail a package to a customer. The employee will submit the business miles driven to the employer for reimbursement. What makes the

The IRS allows S Corps, Schedule C taxpayers, Partnerships, and C Corporations to deduct business mileage. In order to deduct business mileage, a taxpayer must keep a log of the miles and document the log with the business purpose of the trip. The best way to document mileage is by use of a smart phone app. These apps track your miles when they sense you moving at certain speeds. Please see the end of this article for a MileIQ discount code. Another acceptable method is