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SVTPerformance's Chain of Restaurants
Road Side Pub
Owned by the 1099
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<blockquote data-quote="ff500" data-source="post: 7755693" data-attributes="member: 65356"><p>I'm in my 3rd year as a small business owner and I recently went from a DBA to an S-Corp, I've been learning as I'm going along ,so far so good.</p><p></p><p>If you work out of your home and have a home office you can deduct for the home office,including a percentage of your utilities, you can deduct milage and fuel for your vehicle, also a percentage of your vehicle ( 50% personal 50% business) depending on how much you use it for your small business, internet and cell/home phone for business purposes, any magazines/books/computer programs you use,also your laptop if its business related.</p><p> </p><p>Best advice would be to find a good accountant, its really not that expensive,and also if you're going to pursue it further try incorporating as an s-corp or an LLC and get a EIN number so your not giving out your social security #.</p></blockquote><p></p>
[QUOTE="ff500, post: 7755693, member: 65356"] I'm in my 3rd year as a small business owner and I recently went from a DBA to an S-Corp, I've been learning as I'm going along ,so far so good. If you work out of your home and have a home office you can deduct for the home office,including a percentage of your utilities, you can deduct milage and fuel for your vehicle, also a percentage of your vehicle ( 50% personal 50% business) depending on how much you use it for your small business, internet and cell/home phone for business purposes, any magazines/books/computer programs you use,also your laptop if its business related. Best advice would be to find a good accountant, its really not that expensive,and also if you're going to pursue it further try incorporating as an s-corp or an LLC and get a EIN number so your not giving out your social security #. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Owned by the 1099
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