Small-business tax rule No. 1: Don’t mess with the IRS
By Jeff Sorg, OnlineEd Blog
(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:
- Home office
- Office supplies
- Other equipment
- Software and subscriptions
- Travel, meals, entertainment and gifts
- Insurance premiums
- Retirement contribution
- Social Security
- Telephone charges
- Child labor
Read more about these and other deductions at: http://www.bankrate.com/finance/taxes/dozen-small-business-deductions-1.aspx#ixzz42QNuyMAy
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 is a co-founder of OnlineEd®, an online real estate, mortgage broker, and vocational school founded in 1997, where he also serves as Chief Executive Officer, and School Director. Sorg holds vocational and post-secondary school instructor licenses in several states and has authored numerous real estate continuing education and pre-licensing courses and has been awarded the International Distance Education Certification Center’s CDEi Designation for distance education. Memberships include ARELLO (Association of Real Estate License Law Officials), the National Association of REALTORS®, Oregon Association of REALTORS®, and Portland Metro Association of REALTORS®. Awards and service include REALTOR® Emeritus in the National Association, Life Member award in Portland Metro Association and Chairperson of the Oregon Real Estate Forms Committee.
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.