To help your small business friends with the help of Yahoo Finance for you, here are
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If you're using part of your home as office space, you can able to deduct those expenses.
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You can claim your taxes for the research and investigation you need for your small business.
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Rental payments on your commercial property are deductible.
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Any type of software you purchase for business use can be deducted from your tax return.
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Meals during client dinners, conferences or business trips, & board meetings.
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Like meal expenses, Business Travel Trips are also deductible: 11 Small-Business Tax Deductions You Need to Know!
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If you own a vehicle and are using only for business, you can claim a deduction for all costs.
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All Salaries to full-time & part-time W-2 employees are fully deductible, also commissions and bonuses.
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Any Business Insurance Expenses related to normal operations are also deductible.
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You are also allowed to take tax deductions on marketing and advertising.
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Last but not least, you can deduct your contributions to a retirement plan, as long as the plan is tax-deductible.
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