Tax season is rough on a lot of small businesses. But the ability to deduct expenses and other items from the amount you owe is a silver lining in an otherwise dark cloud. Check out these 20 tax deductions that small businesses can take this year.
Barbara Weltman, an author and attorney, is a leading authority on tax, law, and finance for small business. She publishes an “Idea of the Day®” and monthly e-newsletter, “Big Ideas for Small Business®” found at Barbara Weltman, and is a trusted professional advocate for small businesses and entrepreneurs.
She has written over 25 books, including perennial top sellers, “J.K. Lasser’s Small Business Taxes” and “J.K. Lasser’s 1001 Deductions & Tax Breaks,” along with her latest books, “Guide to Self-Employment” and “Smooth Failing,” and is a blogger for SBA.gov, Entrepreneur, and AmEx OPEN.
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