Small Business Tax Deductions You Should Remember to Claim

Joseph

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Are you a small business owner who is planning on preparing your own taxes this year? If you are, you may want to know about the business deductions that you can claim. You may be happy to know that there are a number of deductions that you may be eligible for. Just a few of those deductions are touched on below.Your commercial space can be used as a tax deduction or a business expense. What is nice about this type of deduction, it that it can be used a number of different ways. For instance, if you are a small business owner who operates an online business, you may actually work from your home. If you do, you could actually calculate the amount of square footage that your business takes up and calculate rent for yourself; rent that is tax deductible. The same can be done if you rent a commercial building space from a commercial landlord.

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Small Business Tax Deductions You Should Remember to Claim