| The United States Congress has written many tax | | | | . Taxes and licenses |
| laws that are authorized by the IRS to give small | | | | . Lunches and dinners |
| business owners tax deductions. And many of these | | | | . Sporting event tickets |
| deductions have been backed up in the US Tax | | | | . Health, life and dental insurance |
| Courts. There are fundamentally two tax systems in | | | | . Company cars |
| the United States. One system has a long list of | | | | . Gifts |
| Legal tax deductions available to small business | | | | . etc., etc., etc. |
| owners. The other tax system is basically for | | | | Following is a list of deductions for employees of |
| employees of business owners with a few limited | | | | business owners. |
| deductions. For example, typically a business owner | | | | . Mortgage interest |
| has the opportunity to deduct printer cartridges and | | | | . Real Estate taxes |
| paper. Well many employees have printers at home | | | | . Dependents |
| that they use but if they attempt to use printer | | | | . Gifts to Charity |
| cartridges or paper as a deduction, they could get | | | | . Retirement Plan contributions |
| red-flagged by the IRS. Nobody wants this. And that | | | | If you had a choice, what tax system would you |
| is the point of this article. You don't have to cheat or | | | | choose? Well you do have a choice and that choice is |
| break the law to have the opportunity to use tax | | | | not a hard one to make. You need three basic things |
| deductions to lower your taxes as a small business | | | | to qualify are; |
| owner. Following is a list of typical deductions for a | | | | 1. Have an intent to make a profit in your small |
| small business owner, like a home-business or internet | | | | business |
| business. | | | | 2. Work your small business on a regular of |
| . Gas, electric and water | | | | consistent basis |
| . Advertising | | | | 3. Keep good records running your small business |
| . Bank Fees | | | | That is it! And the best thing about a small business is |
| . Depreciation | | | | YOU get to choose it. There are many options from |
| . Computers, printers and copiers | | | | MLM to Franchises. You Choose. |
| . Office Supplies | | | | I can help you start the process for reducing your |
| . Office furniture | | | | taxes. You have to ask me to help. I am in business |
| . Phone bills | | | | for a better quality of life. Someone helped me to |
| . Magazines and books | | | | get started. Let me help you. |
| . Airfare, hotels and meals | | | | |