Business Management News

You know your industry, let us help you manage your small business.


Ask The Experts: Home Office Transition

Thursday, March 07, 2013
Q: I've been a licensed professional counselor and marriage and family therapist for 21 years, and I've been in solo private practice since 1999 and have always rented office space. My wife and I are in the beginning stages of looking into arranging for me to work out of our home. Could you please provide us with any ideas or issues we need to be paying attention to in this endeavor?


A:Your question breaks down into three areas: technical
considerations, effect on your family, and practice identity (image). As for the technical side, you need to look into local ordinance and/or registration, effect on your home owner’s insurance, construction, operating costs, tax considerations, etc.

The second, the effect on your family, is yet to be revealed. While operating a business from the home has some sound basis and sounds good on the surface, some people do not do well being so close to the home. It depends on personal relationships, kids, neighbors, and other factors. Having been in an outside office atmosphere for 21 years and making a considerable financial investment into the project, it will be very important that you do everything you can to be sure that operating your practice out of your home is a workable situation. Locating the business in an area of the home that is only used for that purpose and setting rules about work hours and family interactions during work hours are also important.

The third component is actually the most important—your clientele. Particularly in a professional position such as yours, some clients may place an image value on you by operating out of your home. If it is a common practice in your area it probably is not an issue. However, if the professional population operating out of their homes is small in your area, you could see reluctance of clients to accept it. A lot depends on the neighborhood you will live in, your existing clientele, where you get new clients from, and numerous other issues.

Gene Fairbrother, Business Strategy Expert

 

Get More Answers

The NASE’s small-business experts are here to help
you understand the ins and outs of operating a successful small business. And access to these professionals is free with your NASE Membership!

Just go online to the NASE’s Business Learning Center where you can ask the experts questions about:

  • Taxes                                  
  • Marketing
  • Financial issues                
  • Employee relations
  • Accounting rules             
  • And much more

The experts are available 24/7 and ready to help!



I’m getting ready to do my self-employment taxes—what should I do first?
Can I hire my child?
What can I do to avoid being audited?
Should I take the home office deduction?


Everyone has a lot of questions during tax time.

Get the answers to yours and other tax tips from the NASE’s tax experts during live webinars.

Spaces are limited - register today!


1 Comment

  1. 1 Lucy 29 Mar
    I thank you humbly for shairng your wisdom JJWY

Comment

  1. RadEditor - HTML WYSIWYG Editor. MS Word-like content editing experience thanks to a rich set of formatting tools, dropdowns, dialogs, system modules and built-in spell-check.
    RadEditor's components - toolbar, content area, modes and modules
       
    Toolbar's wrapper 
     
    Content area wrapper
    RadEditor's bottom area: Design, Html and Preview modes, Statistics module and resize handle.
    It contains RadEditor's Modes/views (HTML, Design and Preview), Statistics and Resizer
    Editor Mode buttonsStatistics moduleEditor resizer
      
    RadEditor's Modules - special tools used to provide extra information such as Tag Inspector, Real Time HTML Viewer, Tag Properties and other.
       

Connect with Us