Home Based Business Accounting Concern

CMark

I am trying to figure out how to pay for bills that are used by both
personal and business purposes- i.e - phone, internet, electric, etc.-
Any suggestions out there?

Bree

Hi Mark,
You should be able to get your answers reading pub 583, Business Use of Your Home.  IRS has guidelines for you to follow.  Hope this helps.
 
Click on link: http://www.irs.gov/publications/p583/ar02.html#d0e1506</A>

Bree

In addition to that, you might want to read, Publication 587 (2006), Business Use of Your Home
http://www.irs.gov/publications/p587/index.html</A>
Bree

CMark

Thanks Bree- But do you pay them each month out of business or
personal?

Bree

It is a good rule to keep you personal separate from your business to avoid conflict.  Be sure to keep supporting docs for your business activity.   
Bree 

Rich

bree,awesome contribution. thanks for your support of CMark - that`s what this community is all about!!!rich

Bree

Your so weclome Rich!  Love, love, love this site "Startup Nation"!  So sweet!  Im so new to the site and love the overall support and it intention for everyone who wishes to brave the world of business. 
Respectfully,
Bree

Rich

Cool! plz spread the word. we want 10s of millions of people here, not just 100s of thousands!!!