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2021 tax deduction checklist: 10 expenses small business owners can write off

Ruby

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 small businesses like yours. With January in the bag, most small business owners have sent out tax forms to their employees and independent contractors.

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You’ve Been Running Your Home Business the Wrong Way: Here Are Tips To Change the Game

Productivityist

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 home office. This also works when you share space with other businesses, such as an office building or retail storefront.

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Making Taxes Less Taxing

Success

Your accountant can help you with that, or you can learn about them in the IRS Tax Guide for Small Business. 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.