https://ttlc.intuit.com/community/self-employed-group/discussion/re-consulting-business/01/2768907#M6811 <P>Keep good records of your income. It would be preferable to have a business account separate from your personal account. You can deduct any expenses incurred by your business. If you are claiming a home office, the space must be used exclusively and regularly for your business. If you watch TV, for example, in that space, it doesn’t qualify. Only the business percentage of expenses such as utilities, etc. can be deducted.&nbsp;</P> Wed, 31 Aug 2022 20:21:15 GMT Bsch4477 2022-08-31T20:21:15Z https://ttlc.intuit.com/community/self-employed-group/discussion/consulting-business/01/2768764#M6810 <P>I work remotely at home doing consulting work. My clients pay me via PayPal and Venmo which is linked to my personal bank account. I do not have an LLC nor a separate business account. When I file taxes, am I still able to deduct overhead expenses like monthly rent, internet, software &amp; office supplies? Can that be deducted quarterly or only annually?</P> Tue, 10 Mar 2026 05:41:04 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/consulting-business/01/2768764#M6810 mitma000 2026-03-10T05:41:04Z https://ttlc.intuit.com/community/self-employed-group/discussion/re-consulting-business/01/2768907#M6811 <P>Keep good records of your income. It would be preferable to have a business account separate from your personal account. You can deduct any expenses incurred by your business. If you are claiming a home office, the space must be used exclusively and regularly for your business. If you watch TV, for example, in that space, it doesn’t qualify. Only the business percentage of expenses such as utilities, etc. can be deducted.&nbsp;</P> Wed, 31 Aug 2022 20:21:15 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/re-consulting-business/01/2768907#M6811 Bsch4477 2022-08-31T20:21:15Z