Questions on Tax Deductions Checklist for Small Businesses

Questions On Tax Deductions Checklist For Small Businesses

Are you a small business owner looking to optimize your tax deductions and maximize your savings? Watch this recorded session for an insightful discussion by Hansa Patel, Senior Accountant, and Arianna Gonzalez, Client Services Manager. In this session, they covered the following: - Definition and types of small businesses as per IRS guidelines - Introduction to tax deductions and their benefits for small businesses - Key differences between tax deductions and tax credits - Eligibility criteria for claiming tax deductions - Commonly overlooked tax deductions - Specific deductions for home office expenses and businesses with employees - Record-keeping requirements for supporting tax deduction claims - Advanced deduction strategies like depreciation, amortization, and Section 179 deductions - When to seek professional help from a CPA