Week 17 (Day 4): Small Business Tax Deductions

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Day 4: Identifying Deductible Business Expenses

• Take Action

• Helpful Tip

• Free Resource

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Week 17 Day 4 Action Plan

Today, we focus on the practical aspect of identifying deductible business expenses. This involves understanding which expenses can be legitimately deducted to optimize your tax liability.

Take Action: Navigating Deductible Business Expenses

• Explore a list of common deductible business expenses.

• Review your business expenditures and identify potential deductible items.

• Understand the criteria that make an expense eligible for deduction.

Helpful Tip:

• Keep a dedicated record of all potential deductible expenses throughout the year.

Free Resource:

Stay in Touch

Do your expenses relate to a business purpose?

Until tomorrow, happy financial management!