The world of business write-offs can be complicated, overwhelming and downright confusing. But doing your tax homework is worth it.
Any reasonable, ordinary and necessary expenses your business incurs to run smoothly may be fair game for write-offs. Those deductions can add up to a significant reduction in the amount of taxes you may have to shell out.
Here are seven business write-offs you may not know about:
For more tax advice on business write-offs, you may want to speak with an experienced tax attorney in your area.
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Related Resources:
- Ten Ways to Lower Your Taxes (FindLaw)
- 3 Overlooked Small Business Tax Deductions (FindLaw’s Free Enterprise)
- How to Deduct Coffee, Donuts as Biz Expenses (FindLaw’s Free Enterprise)
- Top 5 Last-Minute Tax Tips for Businesses (FindLaw’s Free Enterprise)
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