Income Tax Preparer Athens, Ohio

Keep an eye out for these often-overlooked ways to cut your tax bill.

It's simple: The more tax deductions your business can legitimately take, the lower its taxable profit will be. And in addition to putting more money into your pocket at the end of the year, the tax code provisions that govern deductions can also yield a personal benefit: a nice car to drive at a small cost, or a combination business trip and vacation. It all depends on paying careful attention to IRS rules on just what is, and isn't, deductible.

When you're totaling up your business's expenses at the end of the year, don't overlook these 14 common business deductions.

1. Auto Expenses

2. Expenses of Going into Business

3. Education Expenses

4. Legal and Professional Fees

5. Bad Debts

6. Business Entertaining

7. Travel

8. New Equipment

9. Interest

10. Moving Expenses

11. Software

12. Charitable Contributions

13. Taxes

14. Advertising and Promotion

For detailed information on each of these common business deduction signup for our newsletter and receive the complete report including our SPECIAL LIST of the 20 commonly missed deductions.