Self-employed business owners are eligible for tax deductions and credits that could really make an impact come tax time. Isaac Brohinsky, CPA discusses some of the top credits and deductions, along with those most commonly missed.
Here are some of the top deductions and credits business owners shouldn't be missing out on:
- Restaurant tip credit
- Research and development credit
- Home office expenses
- Self-employed retirement plans
In this video, we address:
What are the top self-employed tax deductions and credits?
What are the most commonly missed deductions and credits?
Are retirement plans deductible as a self-employed business owner?
For more information on self-employed tax deductions and credits check out this blog.
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If you recently started a new business, or find yourself missing out on some of these deductions and credits, give us a call to schedule a consultation. We may be able to help reduce your tax liability this spring!
We have put together a comprehensive guide of the top small business tax deductions that will leave you feeling relieved this tax season. In this guide you will find small business tax tips, detailed examples, and strategies to tracking expenses, giving you a better understanding of how to take advantage of these tax savings. Complete the form to receive a free download of: Small Business Tax Deductions – Your guide to understanding the overall impact of business expenses.
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