article thumbnail

Small Business Tax Deductions Checklist: All You Need to Know About Tax Deductions

Snyder

You can deduct it on Schedule C of Form 1040, Profit or Loss From Business (Sole Proprietorship) or on your applicable business income tax return. Besides, business owners can deduct their payroll tax. It doesn’t apply to the federal taxes or the FICA taxes, only to an employer portion of the payroll tax.

Tax 98
article thumbnail

From Filing to Deductions: Understanding Tax for Web Design Companies

Steve Feinberg

Marketing & Advertising Marketing and advertising are critical components of running a web design company. The IRS allows companies to write off business expenses related to advertising and promotion.

Tax 52