Home Office Deduction; Tax Credit for Employers Hiring Certain New Workers

 

e-News for Small Business May 15, 2018
Tax Resources for Small Business Small Business and Self-Employed One-Stop Resource Small Business Forms & Instructions Small Business Events Small Business Webinars e-File for Businesses and Self-Employed Businesses with Employees Small Business Products Self-Employed Individuals S Corporations Other Resources IRS.gov Find it Fast! All Forms and Instructions Filing Your Taxes Make a Payment Taxpayer Advocate Service Retirement Plans Tax Information for Charities and Other Non-Profits State Links SSA/IRS Reporter IRS Social Media	Issue Number:  2018-16 Inside This Issue The IRS reminds small business owners about the home office deduction Tax credit can help employers hiring new workers 1.  The IRS reminds small business owners about the home office deduction Small business owners and self-employed individuals who work from a home office may be overlooking a common deduction. The IRS encourages small business owners to explore the guidelines surrounding home office deductions and learn more about the options available. Check out Publication 587, Business Use of Your Home on IRS.gov. Back to top 2.  Tax credit can help employers hiring new workers Employers can take advantage of a valuable tax credit when hiring long-term unemployment recipients and other workers with employment barriers. The Work Opportunity Tax Credit (WOTC) is a long-standing income tax benefit that encourages employers to hire unemployed and disabled veterans, and other recipients of public assistance. A recent IRS news release outlines eligibility requirements and how to claim the credit. Back to top Thank you for subscribing to this IRS e-mail service. This message was distributed automatically from the mailing list e-News For Small Business. Please Do Not Reply To This Message.

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