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Old 02.04.2019, 15:37
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Tax deductions for electric bills for home office

I have my own company and work out of my home in my office. Does anyone know if one is able to deduct a portion of their electric bills for this purpose? It appears that this is allowable in the US, but what about Switzerland? My tax accountant said that she didn't think so, but she has not been doing taxes that long.

Can anyone confirm this?

Cheers!
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Old 02.04.2019, 16:07
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Re: Tax deductions for electric bills for home office

1) Get a new accountant

2) Yes you can deduct for an office, but it is dar easier to deduct an amount which is all inclusive rather than fiddling around with lots of small amounts.
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Old 02.04.2019, 16:14
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Re: Tax deductions for electric bills for home office

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1) Get a new accountant

2) Yes you can deduct for an office, but it is dar easier to deduct an amount which is all inclusive rather than fiddling around with lots of small amounts.
Okay, I will talk to her. I already deduct part of my rent for office space but will discuss electric bills with her. It is too late to get a new accountant for the 2018 tax year as I need to file this week, but will look into next year.

Do you know of a website that explains such things - what is allowed to be deducted and not?

I believe even the IRS has pages on their site that explains what is deductible and not as guidelines. I have not been able to find anything here.
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Old 02.04.2019, 16:52
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Re: Tax deductions for electric bills for home office

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Okay, I will talk to her. I already deduct part of my rent for office space but will discuss electric bills with her. It is too late to get a new accountant for the 2018 tax year as I need to file this week, but will look into next year.

Do you know of a website that explains such things - what is allowed to be deducted and not?

I believe even the IRS has pages on their site that explains what is deductible and not as guidelines. I have not been able to find anything here.
Ask your accountant....... once you find one who knows her arse from her elbow
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Old 02.04.2019, 18:01
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Re: Tax deductions for electric bills for home office

You charge a fix amount of the rent (for example) to the company. Don't bother about electricity, water for the toilet etc.

It has to be reasonable = make sense. If you have a 150m2 apartment for Fr. 2500.00/month and you use 15m2 for office you can not charge Fr. 1000.00.
got it?

If you get a separate telephone-line for the business you can run it via the business. Easiest by just keeping it separately (and still call the wife from it )
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Old 02.04.2019, 18:21
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Re: Tax deductions for electric bills for home office

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You charge a fix amount of the rent (for example) to the company. Don't bother about electricity, water for the toilet etc.

It has to be reasonable = make sense. If you have a 150m2 apartment for Fr. 2500.00/month and you use 15m2 for office you can not charge Fr. 1000.00.
got it?

If you get a separate telephone-line for the business you can run it via the business. Easiest by just keeping it separately (and still call the wife from it )
Thanks. I already deduct a part of my rent but was wondering about the electricity because since I started my own business from home, my electricity has basically doubled. So, I know this usage is due to my business and not private use.
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Old 02.04.2019, 18:27
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Re: Tax deductions for electric bills for home office

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Thanks. I already deduct a part of my rent but was wondering about the electricity because since I started my own business from home, my electricity has basically doubled. So, I know this usage is due to my business and not private use.
What do you have that consumes so much?

Tom
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Old 02.04.2019, 18:42
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Re: Tax deductions for electric bills for home office

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You charge a fix amount of the rent (for example) to the company. Don't bother about electricity, water for the toilet etc.

It has to be reasonable = make sense. If you have a 150m2 apartment for Fr. 2500.00/month and you use 15m2 for office you can not charge Fr. 1000.00.
got it?

If you get a separate telephone-line for the business you can run it via the business. Easiest by just keeping it separately (and still call the wife from it )

You don't need separate phone, your accountant should add to your taxable income a bit to cover this cost, off the top of my cabbage, it's Chf 50.-- per month i think to cover telcom costs.


Electricity costs.....stop dicking around, just increase the rental of your office to your company account.



Any money you may save from this will be eaten up by the accountant recording and fiddling around with all this silly little bills
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Old 02.04.2019, 20:54
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Re: Tax deductions for electric bills for home office

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You don't need separate phone, your accountant should add to your taxable income a bit to cover this cost, off the top of my cabbage, it's Chf 50.-- per month i think to cover telcom costs.


Electricity costs.....stop dicking around, just increase the rental of your office to your company account.



Any money you may save from this will be eaten up by the accountant recording and fiddling around with all this silly little bills
I know you don't need it. But as OP is so fussy ....
If OP has a GmbH or an AG he could simply pay himself office-costs.

I used to deduct simply a fix amount for rent in my time. Never had any problems.
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Old 02.04.2019, 21:08
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Re: Tax deductions for electric bills for home office

Fire your accountant and complete the Tecinesi equivalent of Hillsblatt A on your tax return....
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Old 03.04.2019, 09:52
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Re: Tax deductions for electric bills for home office

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What do you have that consumes so much?

Tom
Well, when I worked for someone else, I would spend most of the day at their office (7h30-18h00) five days a week. Now, all those hours are at my home. My office is in the darkest part of my house next to a mountain so I need the lights on all the time. The are hot burning spot lights, not LED lights because that is the way the house is designed. I rent, so I don't have much choice. Then it can get quite cold so I need a space heater often in the winter months. It can get very hot in the summer so I sometimes need to use an air conditioner in my flat during the day. Plus my stove is electric and I cook almost all my meals.

I rarely did these things when I worked in someone else's office because they had most of these amenities. It's easy to see how it can all add up.
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Old 03.04.2019, 09:55
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Re: Tax deductions for electric bills for home office

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Well, when I worked for someone else, I would spend most of the day at their office (7h30-18h00) five days a week. Now, all those hours are at my home. My office is in the darkest part of my house next to a mountain so I need the lights on all the time. The are hot burning spot lights, not LED lights because that is the way the house is designed. I rent, so I don't have much choice. Then it can get quite cold so I need a space heater often in the winter months. It can get very hot in the summer so I sometimes need to use an air conditioner in my flat during the day. Plus my stove is electric and I cook almost all my meals.

I rarely did these things when I worked in someone else's office because they had most of these amenities. It's easy to see how it can all add up.
Have you actually checked your bill?
You will be surprised how little the difference is.
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Old 03.04.2019, 10:29
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Re: Tax deductions for electric bills for home office

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Plus my stove is electric and I cook almost all my meals.
How are meals at home a home office expense?

Tom
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Old 03.04.2019, 10:33
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Re: Tax deductions for electric bills for home office

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How are meals at home a home office expense?

Tom
No, but I'm explaining in part how my electricity bills are higher. If you use another company's electricity during the day, it doesn't get added to yours. If I had my own office outside of my home, I would have to pay those electricity bills as well.
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Old 03.04.2019, 10:34
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Re: Tax deductions for electric bills for home office

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Have you actually checked your bill?
You will be surprised how little the difference is.
No, I just like to make stuff up without checking anything. Um, yes, I have checked.
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Old 03.04.2019, 10:46
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Re: Tax deductions for electric bills for home office



Okay, I'm out. I can just hear OP telling his employees to turn off the computer while using the toilet.


Tom, he's in ticino, with all the stuff he'll take off the taxes, be ready to be one of those financing it all.
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Old 03.04.2019, 10:57
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Re: Tax deductions for electric bills for home office

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No, but I'm explaining in part how my electricity bills are higher. If you use another company's electricity during the day, it doesn't get added to yours. If I had my own office outside of my home, I would have to pay those electricity bills as well.
I go home for lunch, so should I deduct my electricity costs?

How much is your before/after electricity bill?

Tom
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Old 03.04.2019, 10:57
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Re: Tax deductions for electric bills for home office

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Okay, I'm out. I can just hear OP telling his employees to turn off the computer while using the toilet.


Tom, he's in ticino, with all the stuff he'll take off the taxes, be ready to be one of those financing it all.
OP is a "she", not a "he".

Tom
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Old 03.04.2019, 12:02
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Re: Tax deductions for electric bills for home office

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No, I just like to make stuff up without checking anything. Um, yes, I have checked.

....you really are complicating your life beyond all belief !


The tax people don't really care if you deduct Chf 53.24 for your electricity or Chf 86.93, it's totally irrelevant.


Fist thing is to find an accountant worthy of the name rather than some 2 bit monkey and then deduct a certain amount for your home office "all inclusive" as discussed with your accountant
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Old 03.04.2019, 12:11
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Re: Tax deductions for electric bills for home office

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....you really are complicating your life beyond all belief !


The tax people don't really care if you deduct Chf 53.24 for your electricity or Chf 86.93, it's totally irrelevant.


Fist thing is to find an accountant worthy of the name rather than some 2 bit monkey and then deduct a certain amount for your home office "all inclusive" as discussed with your accountant
You keep insisting on an accountant. You're looking for a job in sunny Ticino?

OP sounds like a one-man-band. One can go a long way without employing an accountant.
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