Are there any good tax deductions I should be looking out for?
by Naomi Kokubo cofounder of Founders Space
Yes. Here are 14 of the top tax deductions you should be aware of:
1. Auto Expenses
2. Expenses of Going Into Business
3. Books, Legal & Professional Fees
4. Bad Debts
5. Entertaining Clients/Customers
8. New Equipment
9. Moving Expenses
11. Charitable Contributions
13. Education Expenses
14. Advertising & Promotion
If you want more details on each deduction, here’s a great article you should read: Top Tax Deductions
Note: Before making any business decisions based on information on this site, it is your responsibility to check with your counsel or professionals familiar with your situation.