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Maximize Deductions and Minimize Expenses

Oct 9, 2017 by

Qualified deductions like mileage, meals, and entertainment are all set by the IRS. Consult IRS publication 334 for small businesses and make sure you keep records and files of all expenses.

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Software and Business Tools Deductions Tip

Oct 2, 2017 by

Software products such as QuickBooks Self-Employed not only help you automatically track your expenses and mileage, but may be deducted, as well.

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Find Other Home Office Deductions

Sep 20, 2017 by

Whether you’re taking desk fees or home-office deductions, you can still claim other office-related expenses, including: stationery, photo copies, and any other consumables needed to run your business.

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Forgotten Deductions

Sep 18, 2017 by

Some common operating expenses you may not have thought about deducting include: wireless plans, phone & accessories, coffee for your clients, parking & tolls. These add up, so don’t forget to track all your receipts.

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3 Must-Know Rules for Deductions

Sep 7, 2017 by

According to the IRS, to ensure your deductibles qualify, a real estate business expense must be: ordinary and necessary; directly related to your business; a reasonable amount.

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