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When possible, you want to claim that your office in your home qualifies as a principal place of business because of this classification gives you the home-office deduction, andeliminates commuting from your home to your regular office.
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Recent client question from a CFP (Certified Tax Planner) to GP CPA.
The buzzword “Advisor” or offering “Business Advisory Services” have been trending for a while now. Traditionally, the advisory titles and services were the exclusive territory of “consultants” and ex-auditors, although that is changing.
Whether your real estate investment is for appreciation (or speculation), flipping, or renting, the ability to prove what you did and when during the year is often an afterthought.
At GP CPA, we work with several clients in the automotive field, from classic car restorations to rebuilding transmissions, this part of the economy has been stable for a while.