Technology has vastly opened new doors of opportunity for us to accomplish our tasks and to stay connected without ever leaving our homes. I can still remember those times when interaction with another person was a phone call away. Today, with a few keystrokes, we can communicate, follow, share, and chat, anywhere and at any time.
With these technological changes, a home office now has many advantages including many tax incentives. You can save on fuel, office rental, commuting, parking, coffee, and also have many tax deductions. However, there are many disadvantages if you are not careful. Procrastination, chatting with friends, long afternoon lunches or surfing the internet are all timewaster traps.