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Home Based Business Tax Advantages and Deductions

LyfeAccounting

Consult with your accountant to determine what deductions apply to you specifically but I’ll be deep diving into the most common mouth-watering, money saving deductions, right. How to Claim Home-Based Business Tax Deductions. Home-Based Business Tax Advantages & Deductions. about… now. Ok, let’s dive in.

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Small Business Tax Deductions for 2021

xendoo

Halting operations to research every tax-saving opportunity is not realistic – let Xendoo do it for you! In this blog post, we will share popular small business tax deductions that you may be able to claim for the 2021 tax year! Non-entertainment-related meals. Let’s get started.

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NEW Tax Deduction: Business Meals are 100% Deductible in 2021!

LyfeAccounting

According to a recent KPMG report , you can take a full deduction for business meals provided by a restaurant. So for those of you filing your business taxes for 2020 , you will not be able to take a full deduction on your tax return. Does this apply to entertainment expenses?

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