As a small business owner, there are a variety of expenses you can use as tax deductions. Take a look at the top 31 small business deductions you should take advantage of this year.
1. Advertising/Marketing
2. Car/Truck Expenses Or Miles
3. Parking & Tolls
4. Legal & Professional Fees
5. Commissions Paid
6. Subcontractors
7. Rent – Office or Equipment
8. Meals
9. Travel
10. Office Expense
11. Materials/Supplies
12. Postage & Shipping
13. Insurance
14. Permits & Fees
15. Dues & Subscriptions
16. Education & Training
17. Laundry & Cleaning
18. Telephone
19. Internet
20. Utilities
21. Banks Charges
22. Merchant Processing Fees
23. Website Hosting
24. IRAs or Retirement Plan Contributions
25. Repairs & Maintenance
26. Wages
27. Payroll Taxes
28. Payroll Processing Fees
29. Interest Expense
30. Equipment
31. Office Furniture
Tags: TaxTips, Tax, Income Tax, SanDiego, California, Business Tax Deductions
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