Business Tax Deductions
As we enter mid-March, taxpayers begin to become very interested in deductions of business tax. Following are a few that you may be entitled to claim. Deductible Expenses Office expenses Rent or lease payments Advertising Costs of goods sold Insurance costs Utilities Payments to independent contractors [file form 1099] Accounting fees Legal fees Communication expenses Credit Card Interest for business charges Travel expenses Vehicle expenses Business-related meals and entertainment Uncollected…