Tax Tip: We Work For You – Home Office Deductions 2016

Tax and Accounting Plus

OFFICE-IN-HOME EXPENSES

Office in home expenses will be allowed for the place of business which is used by the taxpayer for the administration or management activities of the taxpayer’s business, if there is no other fixed location of the business where these activities are substantially performed. The home office must still be used regularly and exclusively, but now no longer needs to be the place where the income-producing activity takes place.

Our professional staff wants to help you understand the new tax law changes and help you get as big a refund as possible. Avoid the rush and make your appointment early – because the earlier you file, the faster you’ll get your refund. Start 2016 right by calling Tax & Accounting Plus today at 309-827-4010.

Blogs

Labor Day – Expanding voting rights for all

By Mike Matejka Because of COVID, there is no Labor Day Parade this year.  It’s always a great event for our everyday workers to march proudly down the street and enjoys the festive crowd. If there had been a parade, this year’s Labor Day theme was to be “150 years of struggle: your right to vote.” …

Is federal mobilization the answer?

By Mike Matejka As President Donald Trump threatens to send federal marshals into Chicago, over the objections of Illinois Governor J.B. Pritzker, recall another Illinois Governor who protested the incursion of armed federal personnel into the city.   Those federal troops, rather than calming, escalated the situation, leading to deaths and violence. Illinois poet Vachel Lindsay…

In these troubled times, to my fellow white Americans

By Mike Matejka Our nation is at a unique watershed in human relations. African-Americans have been killed too many times in the past before George Floyd, but the response to this man’s death is international and all-encompassing. I was a grade-schooler during the Civil Rights 1960s. I watched Birmingham demonstrators hosed and the Selma – Montgomery…

Workers’ Memorial Day – Remember those whose job took their life

Looking around our community, when we say employer, most will respond to State Farm, Country, or Illinois State University.   We too often forget those who are building our roads, serving our food, or our public employees. COVID-19 has made us more aware of the risk.  Going to work every day for some people means…