Keith Gilabert, "Most Overloooked Tax Deductions for Small Business Owners."
by keithgilabert, Window Shopper
- Created: January 26, 2014, 3:47 pm
The most overlooked tax deduction for small business owners is restaurant receipts. The IRS gives 50% deduction for all restaurant receipts across the board. If you buy a $7.00 hotdog at the airport do not toss the receipt. I have seen business owners reduce their gross income by 60%. Enjoy a great meal and 50% deducted against your gross income.
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