Keep more money in your pocket with these money-saving tax deductions you can take as a small business owner. Sure, you pay tax on your business profits. But there’s good news, too. You can ...

You can significantly reduce your taxable income and improve your financial health by leveraging commonly overlooked deductions. Below, let’s explore critical small business tax deductions ...

Personal tax deductions are available both above and below the line. Business tax deductions are allowed for ordinary and necessary business expenses. In one case, breast implants were deemed a ...

Say your company buys a new delivery box truck for $125,000 ... Section 179 is a fantastic business tax deduction that every business should be taking advantage of. It’s easy to understand ...

Claiming a tax deduction for mileage can ... It can be valuable to anyone with their own business, but especially for those working in the gig economy as delivery drivers, says Duke Alexander ...

All current expenses required for the operation of the business are fully tax-deductible. Investments and real estate purchased with the intent of generating income for the business are also ...

The Taxpayer Certainty and Disaster Relief Act of 2020 temporarily boosted the business deduction for food and beverages to 100%, including tax and tip, for 2021 and 2022. Note, entertainment ...

Beyond these, shipping and delivery costs, including postage and courier services, as well as expenses ... business can be both exciting and challenging, especially when it comes to managing taxes ...

The Tax Cuts and Jobs Act of 2017 eliminated itemized deductions for ... to anyone with their own business, but especially for those working in the gig economy as delivery drivers, says Duke ...