How to Find Tax Exemptions for Your Small Business
Look for deductions on the Internal Revenue Service (IRS) website., Check for deductions with the Small Business Association (SBA)., Talk to your accountant or tax professional.
Step-by-Step Guide
-
Step 1: Look for deductions on the Internal Revenue Service (IRS) website.
The IRS provides a list of what small businesses can deduct, and an explanation of those deductions.
Find the information on http://www.irs.gov/businesses/small Take an IRS tutorial.
The website provides virtual tax workshops for small business owners. -
Step 2: Check for deductions with the Small Business Association (SBA).
This organization provides information and help on its website, http://www.sba.gov Use the SBA as a resource if you are just starting a business.
It provides information on how to begin a business, and which tax deductions to pay attention to. , Whether you have an in-house finance team or at consultant you work with at tax time, make sure you get all the information you need on your eligible small business tax deductions. -
Step 3: Talk to your accountant or tax professional.
Detailed Guide
The IRS provides a list of what small businesses can deduct, and an explanation of those deductions.
Find the information on http://www.irs.gov/businesses/small Take an IRS tutorial.
The website provides virtual tax workshops for small business owners.
This organization provides information and help on its website, http://www.sba.gov Use the SBA as a resource if you are just starting a business.
It provides information on how to begin a business, and which tax deductions to pay attention to. , Whether you have an in-house finance team or at consultant you work with at tax time, make sure you get all the information you need on your eligible small business tax deductions.
About the Author
Marilyn Clark
Marilyn Clark is an experienced writer with over 8 years of expertise in non profit. Passionate about sharing practical knowledge, Marilyn creates easy-to-follow guides that help readers achieve their goals.
Rate This Guide
How helpful was this guide? Click to rate: