Deductions
“I operate a home daycare and use my living room during business hours, how do I calculate the time-space percentage for my home office deduction?”
A home daycare often involves a time-space percentage that reflects both the area used for care and the hours it is used for business. The calculation commonly depends on the portion of the home devoted to the daycare, the number of hours that space is used during the year, and whether the area is used exclusively or also for personal living. Records such as room measurements, calendars, and daily activity logs often matter, since the IRS may look for support that the space was regularly and appropriately used for the business. Sitting down with a CPA for thirty minutes is usually enough to draw a clean line on this.
In your 60-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“I incurred massive personal credit card debt to fund my struggling business, is the crippling interest I pay on those cards tax deductible?”
“Can I deduct my new home office using the actual expense method without immediately triggering a red flag audit from the IRS?”
“I bought a heavy luxury SUV primarily for my real estate business, how does the Section 179 vehicle deduction actually work for passenger vehicles?”
“I use my personal cell phone extensively for my freelance work, what exact percentage of my monthly phone bill is safe to write off?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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