I am a business entity providing Accounting and bookkeeping services to small businesses primarily. I have worked in corporate america, since then i have changed my focus to small businesses who cannot afford the accounting support and needs the CPA firms and privately owned Accounting Firms charges to these individuals. In my profession small business owners are most times individuals who have`nt any prior business skills in operating their new venture. There inexperiences causes overwhelming stress that they sometimes dismiss and in the end they will have contribute to the percentile of 90% of business that fail with in the 1st and 2nd year of operations. I exist to assist in their success, from start up to current operations and getting out of business. I am a continuing college student (double major emphasis in accounting and finance and a minor in business administration) with 10 years of financial and accounting real world experiences. Protect your dream, and most of all protect your hardwork.
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If you want direct answers (pub 587)
To find the business percentage, compare the size of the part of your home that you use for business to your whole house. Use the resulting percentage to figure the business part of the expenses for operating your entire home.
You can use any reasonable method to determine the business percentage. The following are two commonly used methods for figuring the percentage.
Divide the area (length multiplied by the width) used for business by the total area of your home.
If the rooms in your home are all about the same size, you can divide the number of rooms used for business by the total number of rooms in your home.
Your office is 240 square feet (12 feet × 20 feet).
Your home is 1,200 square feet.
Your office is 20% (240 ÷ 1,200) of the total area of your home.
Your business percentage is 20%.
You use one room in your home for business.
Your home has 10 rooms, all about equal size.
Your office is 10% (1 ÷ 10) of the total area of your home.
Your business percentage is 10%.
You should be able to get your answers reading pub 583, Business Use of Your Home. IRS has guidelines for you to follow. Hope this helps.
Click on link: http://www.irs.gov/publications/p583/ar02.html#d0e1506