Turn Personal Expenses Into Business Deductions
By: Thomas Norton, CPA Tax Planning Views: 2428 | Comments: 0 | Votes: 0
Most small business owners have heard that they're supposed to get special tax breaks. The problem is, they don't know what they are or how to go about claiming them. Not surprisingly, the IRS doesn't go out of its way to spell it out for you when you go to file your income taxes! There is a general rule in tax law that says all "ordinary and necessary" business expenses are deductible. More
