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5 Deductions Small Business Owners Don’t Take Advantage Of

Debt.com Logo By John Boitnott of Debt.com | Slide 1 of 6: You work tirelessly to bring in revenue for your company. The last thing you want to do is give it all away in taxes.
A lot of small businesses appear to be doing just that though. In fact, the National Federation of Independent Businesses found that tax compliance costs are 67 percent higher for small businesses than larger ones. [1] They add up to $18-$19 billion per year across the U.S small business environment.
With the complexity of filing taxes quickly each year, many small business owners miss deductions that can help lower their tax burden. Click or swipe for five potential deductions that are often missed and worth asking your tax professional about.
Want to keep up with more financial news? Click here to sign up for our free newsletter.

5 Deductions Small Business Owners Don’t Take Advantage Of

You work tirelessly to bring in revenue for your company. The last thing you want to do is give it all away in taxes.

A lot of small businesses appear to be doing just that though. In fact, the National Federation of Independent Businesses found that tax compliance costs are 67 percent higher for small businesses than larger ones. [1] They add up to $18-$19 billion per year across the U.S small business environment.

With the complexity of filing taxes quickly each year, many small business owners miss deductions that can help lower their tax burden. Click or swipe for five potential deductions that are often missed and worth asking your tax professional about.

Want to keep up with more financial news? Click here to sign up for our free newsletter.

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