Question by : What is the easiest way to reimburse yourself for your home based business using your utilities, space, ect ?
Assuming that I have already calculated the total % of square footage of the home being used strictly for business, divided out what the % is in dollars in regards to the usage of utilities such as heat, internet, electric ect, the actual question really is should I write a check from the company to myself each month as the record of what has been expensed? Is there a different way to handle this. I havent opened the business yet, I am just researching for now.
Answer by jdkilp
Don’t write yourself a check. Just deduct this from your income tax.
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