Deductions are an offset to your revenue, limiting the amount of taxes you’ll pay on your revenue. Unfortunately, some small businesses fail to take every write-off they’re entitled to and wind up overpaying their taxes. Here are five deductions you should not overlook.
1. Home Office Deduction
More than 52 percent of small businesses operate from home, yet many fail to claim a deduction for the business use of their home.
Start at only $999 Attorney Fees. Restrictions Apply. Stop Foreclosures with a Chapter 13. Operators 24/7. (805) 654-1467, (818) 880-8305, (661) 631-0252, (805) 202-4688.Google+