Here are some tips and things to keep in mind when it comes deductions for advertising expense. Read more about the industry you're in here.
Website costs to acquire, design, maintain and market your site are common business expenses that may be eligible for deduction. Read more here.
You may be eligible to deduct auto expenses if you use a vehicle for your business. Ensure that actual vehicle expense deduction is right for you.
Purchasing books, magazines and subscriptions for business purposes can be deductible come tax time. To better understand, read more here.
Employee wages may be a deductible business expense on your Schedule C. To find out more information on requirements, read here.
If you pay franchise, trademark, or trade names fees, these costs generally are considered deductible business expenses. Read more here.
Business owners that own vehicle for business purposes are able to deduct the cost / value over a 5 year period through depreciation. Read more here.
Understanding what amortization is can help you with deductions, based on the industry you are in. Read more here.
As a member of an LLC, your share of business income is taxed at personal income rates. Be sure to understand how this can affect you. Read more.
Commissions paid are generally fully deductible business expenses. Find out how much of a deduction your line of business can receive.
If you have incurred office expenses like printing and postage, you may be eligible for deductions. To see if your office expenses can be deducted read on.
As a business owner you are allowed to deduct certain business gift costs, subject to limitations of course. Learn how to deduct business gifts.
Dental and Medical expenses are deductible on your tax return. Read more to see what medical and dental expenses can be included.
The IRS allows you deduct state and local income taxes when you prepare your federal tax return. To understand more, read here.
All state and federal employer payroll taxes will generally deductible on your Schedule C. Here's what you should know about payroll tax deductions.
Despite the tax benefits of hiring a contractor, you should carefully consider how the people you hire should be classified. Read how this can affect you.
The Retirement Savings Contributions Credit rewards entrepreneurs who contribute to qualifying plans by allowing them to take a credit.
Interest expenses you incur as an artist may be tax deductible. This includes your studio and any other expenses your business may have.
Understanding 401K plans and tax deductions helps makes doing your taxes easier. Be sure to know what you can deduct this year by reading more here.
The Section 179 deduction allows you to fully deduct certain qualifying property in the year purchased. To better understand, read more here.