Hi,
I have am planning to possibly start my own shop in the future.
I could buy a warehouse or preferrably start one in my own garage at home.
If I were to start my own shop at home (i will make it soundproof) the only problem I am worried about is tax deductions from business expenses from utilities such as electricity.
I have done some research and I found out that these expenses are deductible but only from the portion that is part of your business. I also read that the zoning of your property must be suitable for the type of work your doing or else you will not be eligible for any deductions. Is this true?
Anyone here operate their own shop out of their own home successfully?
I have am planning to possibly start my own shop in the future.
I could buy a warehouse or preferrably start one in my own garage at home.
If I were to start my own shop at home (i will make it soundproof) the only problem I am worried about is tax deductions from business expenses from utilities such as electricity.
I have done some research and I found out that these expenses are deductible but only from the portion that is part of your business. I also read that the zoning of your property must be suitable for the type of work your doing or else you will not be eligible for any deductions. Is this true?
Anyone here operate their own shop out of their own home successfully?
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