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Although it may sound like a ton of paperwork (which, to be clear, it is), this time of year also presents tons of savings opportunities for smallbusinesses like yours. With January in the bag, most smallbusiness owners have sent out tax forms to their employees and independent contractors.
Investing in virtual addresses for home-based business is beneficial for your business. When you invest in this, you can get rid of the bills and expenses of having a homeoffice. This also works when you share space with other businesses, such as an office building or retail storefront.
Your accountant can help you with that, or you can learn about them in the IRS Tax Guide for SmallBusiness. You’ll include those deductions on your Schedule C tax form, which you attach to your annual 1040 personal tax return when filing as a sole proprietor.
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