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Advice for the Entrepreneur: Lee’s Tip #258

Lee's Tips,Seller Resources

Where do you eBay? If you say “from home”, then you’re among the majority of online entrepreneurs, who know that working from home is a blessing in so many ways.

However, you must make sure that your workplace allows for efficient and effective business dealings. While many at-home entrepreneurs start out at their dining room table, or on a bench out in the garage, they usually migrate into a true workspace. That means a part of your home that’s used exclusively for your business.

The IRS comes into play as well, because they allow you the home office deduction ONLY if you use that square footage solely for business. Make it look like a workspace, with a desk, shelves, and an inbox. You’ll work more effectively and enjoy the deduction.