If your business accepts returns or discounts on products, these amounts may be deductible. To know more, click here.
The contribution and deduction limit for a SIMPLE IRA is higher. To see how you can benefit from this and to learn more, click here.
If you pay franchise, trademark, or trade names fees, these costs generally are considered deductible business expenses. Read more here.
Business utility expenses including electricity, gas, water, telephone and internet are most likely deductible. To better understand, read more here.
If you contribute to a traditional IRA you could be eligible for deductions come tax filing time. Read more on how to be eligible here.
Each quarter, the IRS requires that these taxpayers make estimated quarterly tax payments. It is important that business owners plan for this! Read more.
Know the difference between business expenses and personal expenses. By knowing the difference you can get the most from your tax return.
If you paid personal property taxes last year you may be eligible to deduct the payments you made on your tax return. Read more here.
If you purchase office furniture or equipment for business purposes, you may be eligible for an office furniture tax deduction. Read more here.
Dental and Medical expenses are deductible on your tax return. Read more to see what medical and dental expenses can be included in 2022.
