Debt to income ratio is the amount of total debt you have (car loans, mortgages, credit cards, etc) divided by your total income. Lenders look at this closely to hep minimize risk when originating mortgage loans. Take care.
Deductions you can claim. Where your home is also your place of business, you can claim deductions if you carry out income-producing work at home and incur expenses in using your home for that purpose.You can claim a deduction for the following: If the telephone is used for both business and private calls, you can claim a deduction for business calls. 2  decline in value (depreciation) of office plant and equipment, such as desks, chairs, computers.
The deduction is taken on a per item basis, and you can claim the Section 179 deduction for one purchase and not claim it for another. Say your business purchased two trucks during the year that would qualify for the deduction. You can choose to claim one as a full write-off and take depreciation on the other to spread out the write-off.