Tax-prep fees, accounting fees, attorney fees, insurance consultation fees, etc.

Pay Yourself Right Hefty owner compensation raises a red flag with the IRS. In some cases, employees may also be able to claim a home office deduction if their use of a home office is done for convenience of the employer, and not at the request of the employee. While these concerns are not completely without merit, there is good reason for entrepreneurs who work out of their homes to at least consider the possibility of claiming a deduction for a home office. Trade-related journal subscriptions, books and other literature.