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  • How do I use the per diem option for travel expenses?

    Question: How do I use the per diem option for travel expenses? Answer: Per diem is a standard allowance permissible in lieu of actual expenses. There are no receipts required. The owner of a business is not allowed to use per diem for travel and lodging. However, business owners are allowed to use per diem

  • Should I rent my home office to my business or take a deduction?

    Question: Should I rent my home office to my business or take a deduction? Answer: In order to determine which choice is best for you, either taking the home office deduction or renting your home office to your company, you will first want to review your entity structure and determine which business entity will use

  • In which states does my entity need to register?

    Question: In which states does my entity need to register? Answer: Each state has its own laws that set forth the rules as to when an entity (or business) must register to do business in that state. Usually the laws use the terms “transacts business” or “conducts affairs”. Registration is usually required if the entity