Easier Tax Form, Smaller Deduction
The Internal Revenue Service introduced an alternate home office deduction that may make your life easier while saving taxes, but you may be leaving tax dollars on the table. Cathy Goldsticker, tax partner at Brown Smith Wallace, spoke with the Wall Street Journal about the pros and cons of the new “easy” method for taking the home office deduction and how business owners should assess their best option.
To read The Wall Street Journal article in its entirety, click here.
This article was also picked up by the St. Louis Business Journal, as seen here.