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    0 Replies Latest reply on Apr 11, 2017 8:31 AM by moderator_mel

    Is your business ready for the 15th?

    moderator_mel Tracker

      Don’t forget these deductions when filing:


      ·         Home Office – If you work out of your home you could qualify for this deduction.

      ·         Startup Expenses – You may be able to deduct up to 5,000 for organizational costs.

      ·         Bad Debt – If there’s money you can’t collect, you can claim a bad business debt deduction.

      ·         Carryovers – Any deductions that were overlooked previously can be carried over to future tax years.

      ·         Legal & Educational Expenses – Any ordinary or necessary expenses combined as the cost of doing business can be deducted in the same tax year they were paid.


      What other deductions do you figure in? ~Moderator Mel