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Posts by Robert Fox8

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Starting a small business in Business, Accounting & Taxes ·
Look, if you set up your business headquarters at an address that isn't where you actually live, there’s absolutely no reason why those phone bills—you know, the ones tied to the business address—shouldn't be counted as deductible expenses. It's pretty straightforward logic, really. You just need to make sure that the workspace is either listed as a fixed asset on your books or that you're actually renting it under a formal commercial lease agreement. Once that's settled, you're good to go; both your income tax deductions and those pesky utility bills linked to the business location are fully recognized by the IRS.
Starting a small business in Business, Accounting & Taxes ·
Look, let's get one thing straight about what a small business owner actually is—it’s just an individual, a regular citizen running a permanent gig to make a living or turn a profit. You own everything. Every single asset you put on the books, plus whatever else you've got lying around, it’s all yours. And since the business is basically just an extension of you, that phone line? It’s under your name, period. There isn't really a distinction because the business is just the commercial side of your own life. Now, if you want to write off those phone bills as a tax deduction, you have to prove they're strictly for work—which can be a bit of a headache. Honestly, the easiest way to avoid a fight with the IRS is to just carry two separate lines—one for your personal life and one dedicated solely to the business—especially if you're running the whole operation out of your house. Oh, and for VAT purposes—or rather, when dealing with sales tax and reporting—make sure the invoice includes your Social Security number. It keeps things clean.