As a professional coach or trainer who runs their own business, home offices are not just an excuse to work in your pajamas – they are a money saver in more ways than one. They save you from having to pay for office space, spending gas money commuting, and eating out at lunch hour.
Not only does working from a home office save money, but it can even earn you money by raising the value of your home. Some buyers are happy to pay more for a house with an office.
In addition, coaches and trainers who choose to work from a home office might actually save money on their taxes. But to get this deduction, your home office has to be clearly demarcated from the rest of the household. A wall, a screen, or some form of partitioning will do. [Read more…]