Our company employees work from home, is there a tax exemption on any maintenance allowance for home office ?
Our company employees work from home, is there a tax exemption on any maintenance allowance for home office ? we are into software and we depend on phone, net etc.
Company can buy computers, laptops, furnitures etc.. and give it or use it in the residence of employees for the office use, company can claim the depreciation on those assets.
At the same time revenue expenses like telephone bill, electricity bill also can be claimed by the company as the substance of the expenses is relating to the company.
it is to be noted that, any thing which is not specifically prohibited is permitted.
Is anyone with a background in home, auto, or marine maintenance interested in writing for website?
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3 Responses to “Our company employees work from home, is there a tax exemption on any maintenance allowance for home office ?”
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I think so, buy the lasser tax book and check it out or call the irs, they are helpful.
References :
Yes. Obey the rules and keep strict records. In the days when they had more auditors, this would practically guarantee an audit.
References :
Company can buy computers, laptops, furnitures etc.. and give it or use it in the residence of employees for the office use, company can claim the depreciation on those assets.
At the same time revenue expenses like telephone bill, electricity bill also can be claimed by the company as the substance of the expenses is relating to the company.
it is to be noted that, any thing which is not specifically prohibited is permitted.
References :