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COMMON BUSINESS DEDUCTION
Frequent Tax Deductions
Deductions available to business owners vary from business to business. Some deductions may be applicable to one business and not applicable to another.
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The rule of thumb is that business expenses must be "ordinary and necessary". In order to deduct an expense, you must actually have incurred the cost.
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Nothing that has been reimbursed qualifies as a business deduction.
Please request information about Common Tax Deductions by filling out the following. We'll send it to you by email.
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