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Starting my own company.?


If i have my office in my apartment, cant i pay my rent and utilities through my company checking account??

First of all, yes you can pay *some* of your rent and utilitities via the company, but you MUST maintain the "corporate shield" (google it). So you'll pay those things out of the corporate checking account.

Also, in general, it depends on the income of your business as to how much your business can pay, provided you want to avoid an audit. So, if you make 6k a year, but are trying to write off 24k in rent, you'll be flagged.

I don't think you can write off more than 50% of the rent in any situation, UNLESS, you establish yourself as being in that location temporarily (under 1 year), and working as a "per diem".

This is all very specific to your state and your personal/business finances, you MUST talk to a good accountant.

call a CPA but most likely you will need to prove that you have a actual office in your home that is not used for anything else. then you would need to get the exact square feet of that space and then figure out depending on your rent how much could be deducted.
call a cpa

No - you can get write offs on your taxes for what % of the apartment you have dedicated to an office.

You need to establish a salary for yourself, and pay that to your personal account -- and pay the bills from that salary.

Talk with a business tax accountant - he'll explain the legal reasons you need to seperate personal expenses and business expenses, and why you can't use a business account for personal needs

u know what u should go for it this is huge for u and don't stop thinking about it DO IT its gonna change your life

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