Comments on: The right way to do home office deductions http://blogs.reuters.com/small-business/2011/03/31/the-right-way-to-do-home-office-deductions/ Grow your own Fri, 03 May 2013 19:51:47 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: nigelchua http://blogs.reuters.com/small-business/2011/03/31/the-right-way-to-do-home-office-deductions/comment-page-1/#comment-3901 nigelchua Sat, 02 Apr 2011 15:01:18 +0000 http://blogs.reuters.com/small-business/?p=4578#comment-3901 You're right. I am using a double storeyed shophouse as a business space, but I'm staying upstairs as my living quarters. The total built up space is 1800 square feet, and the upstairs is 800 square feet, leaving the 1000 square feet downstairs as my business and office area, which is tax-deductible, income generating and brand building for me. Done right, and it can be a blessing. Done wrong, and it'd be hell. I think doing some research, being exact and drawing up the operational processes and requirements will be useful for anyone planning to work from home. Some benefits include savings in time and money from decreased travelling, and increased productivity, but we all know that there are much distractions at home (the kids yelling, need to "do" the house work etc, and all these needs to be considered as well. You’re right. I am using a double storeyed shophouse as a business space, but I’m staying upstairs as my living quarters. The total built up space is 1800 square feet, and the upstairs is 800 square feet, leaving the 1000 square feet downstairs as my business and office area, which is tax-deductible, income generating and brand building for me. Done right, and it can be a blessing. Done wrong, and it’d be hell.

I think doing some research, being exact and drawing up the operational processes and requirements will be useful for anyone planning to work from home.

Some benefits include savings in time and money from decreased travelling, and increased productivity, but we all know that there are much distractions at home (the kids yelling, need to “do” the house work etc, and all these needs to be considered as well.

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