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 8/26/26 Richard Sharp 8/26/26

Can Your Business Rent Your Home Tax-Free? Understanding the Augusta Rule

The Augusta Rule can allow your business to rent your home for a legitimate business purpose while you potentially receive the rental income tax-free. Here’s how the rule works, who can use it, and where business owners need to be careful.

Richard Sharp 8/22/26 Richard Sharp 8/22/26

Purported Social Media Influencer Deductions Denied: Business Expense or Personal Spending?

Can social media influencers deduct concerts, celebrity events, travel, and other lifestyle expenses? A recent Tax Court case shows why creating content around an expense does not automatically make it deductible—and why business purpose, timing, and documentation still matter.