I will help you determine which business expenses are tax deductible. Some of the most common are:
Legal and accounting fees, Employee pay, Business-related rent expensesInterest on money borrowed for business activities, Insurance for your business or profession Certain federal, state, local and foreign taxes. You can also deduct expenses for the business use of your home, including utilities, mortgage interest, repairs, and depreciation. If you use your own car for business, you can deduct a portion of those costs, too. Expenses for travel, entertainment, and gifts are also partially deductible.