Home Office Deduction

13 Feb

Posted by Capri CPA In business, tax, Uncategorized 0 comment

Weather like today makes me value being able to work from home. Not having to leave the house in hazardous conditions is a plus but being able to take advantage of the home office deduction on my tax return is a bonus.

If you use part of your home for business, you may be able to deduct expenses for the business use of your home. The home office deduction is available for homeowners and renters, and applies to all types of homes.

Starting January 1st 2013 the IRS came out with a simplified option. This new simplified option can significantly reduce recordkeeping burden by allowing a qualified taxpayer to multiply a prescribed rate by the allowable square footage of the office in lieu of determining actual expenses.

If it’s more beneficial to use the regular method you must determine the actual expenses of your home. These expenses may include mortgage interest, insurance, utilities, repairs, and depreciation. However do not forget about deprecation recapture when you decide to sell your home.

Consult with a CPA for more information in regards to home office deduction and cost of depreciation recapture.

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Capri Tax & Accounting Services

4.9

Kierstin Cifelli

17:37 29 Mar 23

Overall, I can't say enough good things about Capri Tax & Accounting. The team is incredibly knowledgeable and efficient, making the entire process feel easy and stress-free. They've handled my taxes virtually for the last 5 years and I've never had to step foot in an office! If you want to make tax season a breeze, this is the place to go!

Kylie Corwin

16:28 26 Feb 23

Very clear, friendly, fast, and reliable! Capri Tax & Accounting have answered all my questions and advised on best practices as I start my business as a freelance photographer.

Kamran Shafi

19:07 24 Feb 23

Excellent service provided by Capri Tax & Accounting Services. Easy to work with, very efficient, friendly and quick. I highly recommend everyone to use them for their tax services.

Maria Polsinelli

17:46 24 Feb 23

Have been using Capri Tax for the last 3 tax seasons for my personal tax returns. Janet and her staff provide friendly, super-fast service. They are very knowledgeable and are always there for me ready to answer any questions I may have. Thank you for making tax season stress free.

Thread That

18:58 27 Sep 21

I was recommended to Janet by a friend because this tax world is so scary but she was very informative and patient with all of my questions and concerns.

Kylie Lynn

16:39 21 Jul 20

Janet was quick, and thorough! She made the tax process easy, and communicated well throughout the process.

Sandra Shafi

13:46 13 Jul 20

I Turbo Taxed for years, but I always stressed out worried about missing something. Janet made my life easier and more relaxed during this pandemic. I sent everything to her, and she ran several scenarios for me. She is professional yet warm and understanding. What I most appreciated was her responsiveness. I knew she was busy, yet she responded to every email almost immediately. Thanks Janet.

Amanda Hawthorne

04:37 13 Jul 20

Janet Grosso is exceptional beyond words! It all started when we met at a networking event at the very beginning of my entrepreneurial journey! Five years later, Janet has helped my business grow + thrive in every way possible. Janet's expertise has played (and continues to play) an extremely important role in the success of my business. Her impeccable bookkeeping services, business management/guidance, and tax services have been truly transformational for my life and business! I have recommended her services to all of my friends and family, and everyone that works with her, RAVES about her. She is kind hearted, non-judgemental, and deeply cares about her client's businesses as if they were her own. Janet is an ABSOLUTE GEM and deserves ALL the stars in the Universe! Thank you for being YOU Janet!

Emmanuel Consulting Agency

15:22 16 Mar 20

Very knowledgeable, great expertise, and works fast. I found Capri tax looking for a CPA that focuses on business and gravitated to this company due to their knowledge on business corp bookkeeping and tax preparation. Excellent service. Janet one of the CPA's is a gem.

Schneidine Val

19:00 28 Feb 20

Janet provide excellent quality and professional tax service. I would highly recommend!

Linda Curattalo

00:55 18 Feb 20

This was my first time going to Capri Tax & Accounting Services, i found Janet to be patient, professional and very smart. It was a pleasure to speak to her about our everyday life and just relax while doing my taxes. I would reccommend her to any one who is looking for a good tax accountant. Finally I made the right choice!!!!

Das Ilu

00:29 28 Mar 19

I was looking for a tax consultant who I could relate to and Janet was spot on. She took the time to understand what my concerns were and was able to address them in such a simple way. Definitely Janet deserves all the 5 stars!

Jenna Obermiller

15:46 27 Mar 19

As a small business owner, I have been working with Janet for the last 2.5 years and am always impressed with how much she helps me! She is a wealth of knowledge and because of her direction I am now confident in both my monthly bookkeeping and tax preparation tasks. I would recommend Janet to anyone in need of a CPA, especially other business owners. Thanks, Janet!

Lisa Vellos

15:11 24 Mar 19

Janet was amazing! I was a first time business owner and wasn’t really sure what I was doing. She walked me through everything and broke it down where I was able to give her all that I needed without stressing. I highly recommend her and look forward to continuing doing our taxes with Janet. Thank you!!

Laura Yannucci

10:31 22 Mar 19

Janet is wonderful! She is knowledgeable especially with the new tax laws and was patient in answering any questions!

Adrianne DelaRaba

13:54 20 Mar 19

Janet was such a pleasure to work with! She is able to make a potentially stressful process so easy and undaunting. It was so convenient to have so much of the back and forth done electronically, but when we wanted to meet she was more than willing. And she offered us help through the year with business income and expenses rather than waiting until tax time. We are so happy to have found Janet!

Kristina Komsic

23:05 06 Mar 19

Janet is very kind and patient. She answers all my questions and never makes me feel rushed. I would definitely recommend her!

Ashley Colwell

18:57 28 Feb 19

Janet was great. She walked us through everything we needed to know, and worked out numbers in multiple ways to ensure we got the biggest refund possible. Everything was done within 24 hours of our original meeting. I would definitely recommend Capri Tax & Accounting Services.

Avant Garde

14:30 12 Feb 19

My husband and I own a small business and always felt like we were sitting in the dark when it came to our finances. We left our old accounting firm after receiving such glowing recommendations for Janet from our peers. We do not regret this decision. Working with Janet has been incredible. She is responsive, extremely knowledgeable, and personable. We now have clarity when it comes to our finances and are proud to call her a member of our team!

Michael Vannoni

01:06 06 Sep 18

Janet helped me with my messy freelance taxes, my insurance premium credits, my estimated quarterly taxes, etc., and all along the way, made me feel really good about choosing her as my accountant. Her location is super convenient and she is super-friendly. She just gets it and does a really great job at helping out!

Alicia Williams

18:09 05 Sep 18

Janet has and continues to be an imperative asset to my company growth. Her attention to numbers, services, clients as well as the holistic business goal literally changed the projection of our company. She does more than just accounting for us- she is our sounding board on proposals, pricing, package structures and client quality. Janet looks at our business and shows us what the numbers really mean and what we need to change in order to hit our goals. I recommend Janet to anyone who is truly vested in understanding their business and growing it to the next level!

Tess Jordan

20:58 03 May 18

Janet was extremely accessible while preparing my taxes and did a very thorough job, ensuring all my income was reported correctly. Between living in multiple states, having tuition, and two types of income, my tax situation was a true handful. Janet was excellent at taking the guess work out of my taxes and had no problem sorting through my unique situation!

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11:27 03 May 18

As a new small business owner, Janet was a dream to work with. She answered every question I had and walked me through everything I needed in order to file my taxes. She is an expert in her field and I highly recommend Capri Tax and Accounting Services.

Boteror

12:30 20 Mar 18

Great experience! Wonderful to work with someone you can trust and ask questions to plan for the future. Highly recommended!

Katherine Faraday

17:00 22 Feb 18

My husband and I decided to switch to Capri Tax & Accounting since I heard all the wonderful reviews she has. Janet is not only filling my personal taxes but also my business taxes. She has giving me some inputs on how I should prepare my taxes for the following year along with other recommendations. Janet takes her time while reviewing the documents and ensures the taxes are filed the right way. I am very happy with the results and recommend her since she is very professional and knowledgeable when it comes to taxes.

ssparta21

22:20 21 Feb 18

Capri Tax & Accounting Services provided by far the best tax preparation experience I've ever had. From the minute we walked in, she was extremely professional and easy-going. Made tax preparation an easy and painless process. Highly recommend for tax preparation and accounting services!

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16:02 17 Feb 18

Janet is not like any other CPA I have hired. Janet will answer any question you may have whether it’s about taxes, finance, or life. She makes you feel very comfortable and is very transparent about the whole process. You will leave happy knowing you now use a CPA who truly cares about her clients.

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00:58 16 Feb 18

My husband and I have filed our taxes with the help of Janet for the past two years. Janet is thorough, knowledgeable and very quick! We would highly recommend her services to anyone looking to file their taxes with a reliable and trustworthy accountant. Thank you Janet!

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18:26 31 Dec 17

Hiring Janet to help me with my Business accounts and my budgeting was the best move I made in 2017. She is so easy to work with and really understands what small business owners need from an accountant.

Bonnie Bryant O'Connor

02:52 21 Dec 17

I knew I liked Janet the instant I met her. I set up an appointment with her to get my finances together, and it was LIFE-CHANGING. She had this amazing spreadsheet that showed my husband and I how to budget our money and how much we need to save. She helped me figure out my business expenses and tax stuff. She made it so easy. If you're looking for a cool, awesome, non-judgmental, totally amazing CPA to help whip your finances into shape, I recommend Janet above anyone else!

Frank Kotarski

02:53 14 Sep 17

Capri Accounting was an 'in and out' experience w/ Janet - all my questions were answered with no complications or surprises by a knowledgeable professional. It's nice to feel like you can trust someone with your finances and also get productive 1:1 attention, which is plainly difficult to get with any service these days. I'll be going back.

Roberta Heichman

16:43 04 Sep 17

Excellent company- Reliable, trustworthy and super smart.

Mirsada Dabecic

22:17 15 Mar 17

Janet is very good at what she does. She takes her time and really help with everyone's personal finances. Great personality! Love working with her.

Ariela Dasilva

20:29 07 Mar 17

Like always Janet is a pleasure to work with. Not only is she incredibly personable, but her knowledge in her field and her professionalism is reassuring.

Kathy Castro

02:01 24 Feb 17

Janet takes her time with you, no rush, answers all your questions thoroughly! She is extremely knowledgeable in all tax areas. A comfortable, relaxed & professional business!

Brian D'Ambrosio

21:08 18 Feb 17

Excellent experience as always, she always has our best interest in mind and leaves no stone unturned. Highly recommend to everyone I know and always look foward to seeing her. The D'Ambrosio Family

Venus M Ketcham

14:28 17 Feb 17

Working with Janet Grosso at Capri Tax was a dream come true! We are all looking for that caring and honest tax preparer that truly cares and wants the best for us (and knows how to get you every penny that you are entitled to) Janet is so relatable and down-to-earth, with a strong, confident, go-getter attitude that I admire. She inspires me to succeed. Capri Tax makes you taxes clear and easy to understand, and gets you the best possible refund. And they are extremely affordable. I would recommend Capri Tax to everyone, especially new entrepreneurs and business owners.

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