Tax Deductions

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As the year comes to a close many of us are thinking about taxes and, of course, how we can reduce that tax burden. Often times there are tax deductions that we either didn't know about or forgot about. The following is a list of some of those tax deductions.

Tax Deductions:

  • Rent
  • Bad debt
  • Insurance
  • Travel
  • Vehicles
  • Legal and professional fees
  • Depreciation
  • Taxes
  • Salaries
  • Employee benefits
  • Office Supplies
  • Freelance labor
  • Meals with clients
  • Software
  • Utilities
  • Equipment rental
  • Bank charges
  • Tools
  • Education
  • Marketing
  • Charity
  • Trademarks and licenses

What to remember: Record everything (in a digital format) and find a CPA that has the company's best interest in mind.