Owning a small business is a taxing proposition, and not just in the most literal sense. Managing every aspect of a business venture takes a lot of time and effort, so doing everything possible to maximize your profit — your reward for your toil — makes sense. That includes reducing your income tax obligations by making sure you claim all of the small business tax deductions to which you are legally entitled.
The complexity of our tax system makes it all too easy to overlook some legitimate deductions. The accompanying small business tax deductions guide provides just a few of the many overlooked tax deductions and uncommon tax deductions that small businesses regularly fail to claim.