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.
4. Itemized deductions vs. business deductions. By taking a business deduction instead of an itemized deduction, you reduce your adjusted gross income and your self-employment tax. Whenever possible, deduct an expense or a portion of an expense as a business expense.. Itemized deductions vs. business deductions. By taking a business deduction instead of an itemized deduction, you reduce your adjusted gross income and your self-employment tax. Whenever possible, deduct an expense or a portion of an expense as a business expense.