#Best small business tax write offs how to#

WCG is your advocate, and we can help position you and your business to maximize your small business deductions. In other words, we are not the tax police but our job is to remind you that tax police exist. Having said that, we are not trying to limit your tax deductions nor are we the government’s accountant. However, we want to start with the crazy things small business owners try to do since it is such a good springboard for discussion. Similarly to the 185 reasons to not elect S corporation taxation, there aren’t 185 small business deductions that you cannot take.

Silly! Yet we digress.ġ85 Business Tax Deductions You Cannot Take At least we are not like gas stations… $39.949. Why do we all love 95 cents? We all know that 39.95 is really 40 bucks. Our book is also available for purchase as a PDF from ClickBank for $39.95. It is available in paperback for $59.95 from Amazon and as an eBook for Kindle for $49.95. You can fix yourself a Moscow Mule with cucumber vodka and click on the button below for the online version. This page is a condensed version of Chapter 11 on Tax Deductions and Fringe Benefits from our book titled Taxpayer’s Comprehensive Guide to LLCs and S Corps. Let’s not forget about the Sutter rule too… the good doctor who made every meal a business meal (spoiler alert: he lost).

#Best small business tax write offs how to#

This post will discuss the 185 small business tax deductions you cannot take, explain how to position yourself on allowable business tax deductions, and then get into hot topics such as automobiles, home offices, deducting MBAs, Cohan rule and other fun things. Yes, you want to be able to get a little extra from your hard work and your business.