For small business owners, tax season marks a time when you may have the opportunity to reduce your tax burden by taking advantage of a number of tax deductions available to specific types of businesses.
These deductions currently encompass a range of already existing tax-breaks along with several, newer deductions that have the potential to revolutionize the game for your business.
Whether you are looking for a deduction for your vehicle expenses, home offices, or even a break which will allow you to write off nearly 20% of your income, there are a number of options available.
While larger tax-software providers offer options to get a general overview of the tax breaks offered for your company, it is important to have an idea of what deductions may be applicable for your business.
You never want to make a simple mistake and cost yourself thousands of dollars. Regardless of whether you are filing by yourself or with the help of an expert, here are several new tax breaks that you should be aware of.
