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

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