It’s tough to remember all the deductions that you’re legally allowed to claim. Don’t miss out on the opportunity to minimize your tax liability. The following deductions are commonly overlooked by small business owners:
On the Road
Mileage
Travel, meals, entertainment and gifts
At Home/In the Office
Home office
Telephone charges
Office supplies
Furniture
Other equipment
Software and subscriptions
Insurance premiums
For You and Your Employees
Retirement contribution
Social Security
For detailed information on these tax deductions, please visit our tax tips and resources page.