Sharp Tax & Accounting Blog

Richard Sharp 10/14/26 Richard Sharp 10/14/26

Can You Deduct Office Supplies for Your Home Office? What You need to Know

Can you deduct a candle or plant purchased for your home office? What about a desk, chair, or coffee maker? Here's how to distinguish legitimate business expenses from personal purchases

Richard Sharp 10/13/26 Richard Sharp 10/13/26

Can You Deduct Your Internet and Cell Phone Bills? Here's What the IRS Says

If you're self-employed, your internet and cell phone bills may qualify for valuable business tax deductions, even if you don't have a home office. But how much can you actually deduct? Learn how to calculate business use, which records to keep, and what a Tax Court case reveals about claiming these expenses.

Richard Sharp 10/13/26 Richard Sharp 10/13/26

Home Office Tax Deduction: What Expenses Can You Actually Write Off?

Working from home? You may be eligible to deduct more than you think. From rent and mortgage interest to utilities, insurance, and repairs, discover which home office expenses qualify for a tax deduction, how to calculate your deduction, and whether the simplified or actual-expense method is right for you.

Richard Sharp 10/12/26 Richard Sharp 10/12/26

Think You Can't Claim the Home Office Because You Live in a Studio? Benefits of a 3-Square-Foot Home Office

You don't need an entire room to claim a home-office deduction. In certain circumstances, a space as small as three square feet could qualify. The real tax savings, however, may come from deducting business mileage that would otherwise be considered commuting.

Richard Sharp 9/26/26 Richard Sharp 9/26/26

Restaurant Delivery Apps and Taxes: Why the Bank Deposit Is Not Your Sales

Delivery apps pay restaurants after subtracting commissions and other adjustments. Learn how to record gross sales, reconcile Form 1099-K, and report marketplace sales correctly on a Minnesota sales tax return.

Richard Sharp 9/16/26 Richard Sharp 9/16/26

Small Business Bookkeeping: How Often Should You Update Your Books?

Most established small businesses should update and reconcile their books monthly. Here is why monthly bookkeeping provides more useful financial information.