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Scenario Two Retail Store - LLC taxed as a sole proprietor (in Canada just substitute sole proprietor), that did NOT run any personal expenses through the business, runs a retail store. 1. Take the home office deduction. Have you been mislead by the never-ending rumor that the home office deduction increases the chances of an audit? Such talk is bogus, and to believe it is to needlessly pay too much tax. Here's why: Don't forget that when you take a deduction on Schedule C, you are not only reducing income tax, you are also reducing SE tax. Some folks think that they are getting the same bang for their buck without the home office deduction because they can deduct mortgage interest and property taxes on Schedule A. But this is foolish thinking, because a Schedule A deduction only reduces income tax, while a Schedule C deduction reduces both income tax and SE tax.
Time: More than 6 months, 10-30 hrs/week - Posted Only freelancers located in the United States may apply. Be responsible for managing invoices, prepare reports for vendors and produce checks required for employees. Feb 25 Bookkeeper Part-Time Temporary Job Atlanta, GA Bookkeeper needed for a healthcare technology company. So now and again let's review what is important in life, like stress free living with simple but fun, relaxed lifestyles. A simple home containing a contented loving family does not have to be a tale of past times. As an accountant, you have a variety of career options available to you.
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