A Dozen Deductions for Your Small Business

Small-business tax rule No. 1: Don’t mess with the IRS

By Jeff Sorg, OnlineEd Blog

canstockphoto4831350tax perparation

 

 

(March 9, 2016) – Bankrate.com is sharing their list of 12 tax deductions taken by “savvy small business owners and entrepreneurs.”  This list includes such items as:

  1. Home office
  2. Office supplies
  3. Furniture
  4. Other equipment
  5. Software and subscriptions
  6. Mileage
  7. Travel, meals, entertainment and gifts
  8. Insurance premiums
  9. Retirement contribution
  10. Social Security
  11. Telephone charges
  12. Child labor

Read more about these and other deductions at:  http://www.bankrate.com/finance/taxes/dozen-small-business-deductions-1.aspx#ixzz42QNuyMAy

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For more about Bankrate.com, please visit their website, www.bankrate.com

For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers, visit www.OnlineEd.com.

 All information contained in this posting is deemed correct as of the date of publication, but is not guaranteed by the author and may have been obtained by third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

Jeff Sorg

About the Author

Jeff Sorg is a co-founder of OnlineEd®, a Web-based vocational school founded in 1997 where he also serves as Corporate Secretary, Chief Operating Officer, and School Director. Sorg holds vocational instructor licenses in Oregon, Washington, California, and Nevada and has authored numerous pre-licensing and continuing education courses. Sorg was awarded the International Distance Education Certification Center's CDEi Designation for distance education in 2008. OnlineEd® provides real estate, mortgage broker, insurance, and contractor pre-license, post-license, continuing education, career enhancement, and professional development and designation courses over the Internet.