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The Ultimate Tax Deductions Checklist for Small Business Owners

xendoo

As an alternative to itemizing these deductions, you may choose to take a standardized deduction of $5 per square foot of the area used for business. Deduct insurance premiums on the company’s real estate holdings and equipment. Real Estate Taxes. Business credit cards. Property Insurance.

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Best Tax Breaks: 12 Most-Overlooked Tax Breaks & Deductions (2021)

LyfeAccounting

…regularly and exclusively for business, you can write off any associated rent, utilities, real estate taxes, repairs, and maintenance amongst other things. The loan itself had to be used for qualified expenses, such as tuition and textbooks, and not for expenses such as room, board, and transportation.

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Tax Credits You May Claim Now

MyIRSRelief

The small-business accounts for tax credit is a great way for your business to grow. Well if that really isn’t enough than how does 5 million dollars sound per year- funded entirely with your own taxes. There are many credits which can help you recover some of your investment in these vehicles from taxes!

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