Small Business Tax Deductions

This is a news story, published by Mashable, that relates primarily to PayPal news.

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small business owner

Mashable

•

Business

Business & Economics

These tax deductions for small business owners may surprise you

Summary

Nutrition label

73% Informative

Business meals are 50% deductible as long as they aren’t considered lavish or over-the-top.

Bank fees such as PayPal transaction fees, wire transfer fees, and service charges are 100% tax deductible.

Tax preparation fees and tax preparation fees are also tax deductible for small business owners and solopreneurs.

As long as your trip is necessary for business, you can deduct everything from plane tickets and hotel fees to laundry and dry cleaning, tips, and parking fees. Utility fees Utility fees such as heat and hot water are also tax-deductible expenses. If your business operates out of your home, the entire fee isn’t deductible but rather the percentage you use while you’re actively working. Topics Tax Season with Mashable.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

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not offensive

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not hateful