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Robert_Gauvreau's avatar
Robert_Gauvreau
Contributor 3
2 months ago

🌟Ask An Expert: Time to Save $—The Ultimate Home Service Tax Plan with Robert Gauvreau🌟

Did you know that 92% of business owners pay more tax than they’re legally required to? I’m
Robert Gauvreau, founder and CEO of Gauvreau | Accounting, Tax, Law & Advisory, and I’m
here to help you avoid that!


From Nov 6 - 12, I’ll be answering your questions and sharing key strategies like optimizing
your business structure, maximizing deductions, and more.

Let’s take control of your financial future together—drop your questions below!


If you missed my session at Jobber Blueprint: Live, "Time to Save $—the Ultimate Home
Service Tax Plan," check out upcoming events here: jobber.com/events.

  • julie's avatar
    julie
    Jobber Community Team
    2 months ago

    Got another question for ya! 

    What can I claim on my taxes as home office expenses? 

    I don't have a separate room for an office so I use a space in my living room when working at home. Would this also make a difference? 

    • Robert_Gauvreau's avatar
      Robert_Gauvreau
      Contributor 3
      2 months ago

      Hey Julie.  In essence, any non-capital expenses related to your home can be pooled together, and a portion of those pooled expenses can be deducted as a home office expense.  For example, if your house was 2,000 square feet and your home office was 200 square feet, you could claim 10% of the total pooled home expenses. Examples of eligible expenses are: mortgage interest, property taxes, rent, utilities, repairs and maintenance, insurance, etc.

  • CleanNClear's avatar
    CleanNClear
    Contributor 2
    2 months ago

    Hi Robert, my two children are interested in trying their hand at helping me with my cleaning biz. How does paying my kids as employees help maximize my business deductions? 

    • Robert_Gauvreau's avatar
      Robert_Gauvreau
      Contributor 3
      2 months ago

      Hey CleanNClear.  Paying your kids is a full business deduction.  Depending on the income your children are earning, they may or may not have to pay tax on that income.  For example, if they are earning income of less than $15,000 annually, they will pay no tax on that income.  You will get a deduction, saving you tax, and they will claim the income, which won't pay them tax.  You will most likely have a tax benefit as long as the income each child is reporting is less than yours.