Tax Deductions Small Businesses Might Miss
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Tax Deductions Small Businesses Might Miss

As a small business owner, a sole proprietorship, partnership, or LLC, you may be able to deduct many business-related expenses that you would not be able to deduct if you were just an employee. These deductions don’t stop at simply reducing your taxable income either. When you take small business deductions for taxes, you also reduce your income, which is subject to self-employment tax.