Empowering Healthy Business: The Podcast for Small Business Owners

# 43 How Business Owners Can Maximize the Home Office Tax Deduction


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Working from home has become a permanent reality for many entrepreneurs, but too often business owners miss out on valuable tax savings.

In this episode of the Empowering Healthy Business Podcast, Calvin Wilder talks with Greg Reid, Head of Tax at SmartBooks, about how to take full advantage of the home office tax deduction.

You’ll learn:

  • What qualifies as a home office under IRS rules
  • Which expenses you can deduct, from office equipment to utilities and insurance
  • How to calculate your deduction using square footage
  • When depreciation makes sense—and what to know if you sell your home
  • Why quarterly reimbursements and simple documentation keep you audit-ready
  • Bonus: how to deduct mileage if your home office is your principal place of business

If you run a business from home—even part-time—this episode will help you avoid missed opportunities and keep more of your hard-earned money.

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Sponsored by SmartBooks. To schedule a free consultation, visit smartbooks.com.

Thanks for listening!

Host Cal Wilder can be reached at:
[email protected]
https://www.linkedin.com/in/calvinwilder/


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Empowering Healthy Business: The Podcast for Small Business OwnersBy Cal Wilder