Are there any good tax deductions I should be looking out for?

QUESTION:

Are there any good tax deductions I should be looking out for?

ANSWER:

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

6. Travel

7. Interest

8. New Equipment

9. Moving Expenses

10. Software

11. Charitable Contributions

12. Taxes

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.