So i did some research and found out some things that can be considered write offs like transportation , gas car matienence etc , also business expenses like office supplies , am i missing anything? computer repair/consulting company btw.
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Yes, anything that is required to run your business can be considered a deducation at the end of the tax year; however I would seriously consider using a tax accountant to handle your taxes if you plan to use a lot of deductions to prevent issues with the IRS in the future; you always need your i's dotted and t's crossed when it comes to taxes!
A Tax accountant is mandatory. rules change constantly over tax matters and you don't want to get tripped up on this stuff. if there's one enemy you don't need it's the IRS. Even if you believe you're compliant, it can be easy to miss an update on legislative interpretation, and relying on a forum like this for your tax advice isn't advisable. opinions yes, advice no.
BizResearcher | Window Shopper | 11/8/2009 - 10:46 pm
MortgageHelper | Window Shopper | 1/10/2011 - 5:39 pm
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