Are You Missing Deductions For Your Business?

Look at What You Could Be Missing!!

If you are a business owner, I know organizing all of your information for tax filing is not one of your favorite actiivities.  To help with that task, here is a list of  some of the most overlooked deductions

for small business.

Working throug this process might help you uncover ways to save money by operating a profitable business by helping your bottom line through a variety of tax deductions and credits.

Note: Most deductions come with specific qualifications.  Hire a tax professional to help you understand how each could impact your small business. A good tax accountant is familiar with the deductions and credits your business is entitled to.

The top small business tax deductions include:

  1. Business Meals
  2. Business Travel
  3. Business Use of your automobile
  4. Business Insurance
  5. Home Office Expense
  6. Office Supplies
  7. Phone and Internet Expenses
  8. Business Interest and Bank Fees
  9. Depreciation
  10. Fees for professional business services
  11. Employee salaries and benefits
  12. Contributions to charities
  13. Child and dependent care
  14. Expenses for energy efficient purchases
  15. Investments
  16. Education expenses retlated to your profession
  1. Exclusion for foreign earned
  2. Medical Expenses
  3. Real estate Taxes
  4. Mortgage Interest
  5. Moving Expenses
  6. Retirement Contributions
  7. Advertising and Marketing
  8. Employment and Client Entertainment Expenses
  9. Start-Up Expenses