home office

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Home Office

1. A place in one's residence in which one primarily performs tasks associated with self-employment or with one's job for an employer. For example, one may use the second bedroom in one's house as a home office, keeping one's desk, computer, files and so forth there. A home office may be eligible for a home office deduction if the space is used exclusively for business purposes.

2. A department of the British government responsible for immigration, police, and other matters related to law enforcement. At various times throughout its history, it has overseen other issues, such as adoption, fire services, and worker's compensation. It was established in 1782.

home office

An area of one's residence used for office purposes.Home offices may be eligible for tax benefits—see home office tax deduction. Some states allow real estate brokers to maintain their principal office in their homes under certain circumstances.

References in periodicals archive ?
The Supreme Court cautioned that merely maintaining a legitimate home office does not entitle the taxpayer to home-office deductions and said the courts should not "strain" to make the home office the principal place of business.
based office superstore, is going after the home office market through television advertising and newspaper circulars, says Tim Wofford, director of sales and promotions.
To evaluate whether a home office was a principal place of business, certain factors had to be taken into account, including the amount of time spent in the home office, the amount of business activity involved with the home office and the amount of income generated from each location.
And with the home office category booming, it may be that the ideal home of the future has three bedrooms, two baths and a business license.
Remember, if you claim the home office on a 2000 tax return, you may face an audit any time through April 15, 2004.
You do minimal administrative and management activities at a fixed location other than the home office.
The home office saves money on rent, but it offers virtually no tax advantage.
The Tax Court reached its decision not because the taxpayer conducted more than one activity out of the home office but because the taxpayer failed to meet the "for the convenience of his employer" condition for the duties performed in his capacity as administrator of the acting school.
Addressing local needs with accounting software that defines and works in the functional currency, keeps records in compliance with the local tax code and requirements, and provides a systematic reporting structure for local management and statutory bodies--The software must be sufficiently flexible to cope with local needs and to encourage local cooperation with the home office.
According to a recent International Data Corporation (IDC) forecast, the home office market will add nearly 2 million home-based businesses and more than 3 million corporate home office households between 2011 and 2015.
Dedicated to serving home-based and small business professionals," the Home Office Association of America (HOAA) site offers its members--for an annual registration fee of $49--discounts on car and hotel reservations, equipment and health insurance, and long-distance and merchant credit card services.