On Fri Jul 04 at 23:45, Jeff wrote to All:
JH> What are the tax benefits of having a home based business?
I can not think of a tax benefit per say for a home based business.
However, a business run from a home gives one the advantage that on good or
bad days, weather and money wise, one has easily accessible and a cozy place
to work in or from.
Tax wise, if one has other income then the loss from the home or small
business, is deductible from that other income. As a rule it gives one an
opportunity to start a new venture without investing in rental and other
daily offices expenses.
Each case has its own merits.
...Vija
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