9 Common Business Tax Deductions

9 Common Business Tax Deductions

The following deductions in most cases are available to Sole Proprietors, Partnerships, and Limited Liability Companies:

• Advertising & Promotion
• Business Travel Expenses
• Salaries & Benefits
• Business Insurance
• Rent Expenses
• Business Use of Your Car
• Business Interest & Bank Fees
• Telephone & Internet Expenses
• Legal & Professional Fees

Some deductions listed may not be available to your small business. Always consult with a tax advisor or CPA before claiming a deduction on your tax return.

If you're a business owner in the New York Metro Area and need help making the best decisions for your business, request a consultation with our experienced accountants today. We look forward to providing you service.