Tax Tip of the Week: Key Tax Deductions for Small Business Owners

Being a small business owner rules! But one of the not so fun things about it is filing taxes every year. Now while the process itself may be grueling for you, take solace I knowing that many of the expenses you encountered can be deducted. Here are just 15 tax deductions you may want to start keeping track of:
• Auto expenses
• Equipment, furniture, and supplies
• Professional and legal expenses, and association dues
• Expenses to start up or expand your business
• Professional publications and software
• Gifts and advertising
• Home office
• Telephone and internet
• Education and training
• Bad debts
• Interest on loans
• Entertainment and travel expenses
• Taxes and social security
• Insurance
• Charity

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