Small business owners! Need some help!!

posted 3 years ago in Career
Post # 3
Member
1500 posts
Bumble bee
  • Wedding: August 2013

@lovelyMsValentine:  any costs that are related to running your business can be written off for tax purposes. On some items there may be a limit (for example, food is only 50%) but for a membership to a community, that can be fully written off. 

 

You should ulitimately consult a CPA on how to file your taxes, but check out the Schedule C of the tax return (which you will have to complete) to see what the deducations are

http://www.irs.gov/uac/Schedule-C-(Form-1040),-Profit-or-Loss-From-Business

Leave a comment


Sent weekly. You may unsubscribe at any time.

Find Amazing Vendors