Ever wondered what you can deduct from your taxes? Here is a list of possible deductions.
Accounting Fees
Advertising
Amortization
Auto expenses
Bad debts that you cannot collect
Banking fees
Board meetings
Building repairs and maintenance
Business association membership dues
Business travel
Cafeteria health-insurance plan (requires plan)
Charitable deductions
Child Care expenses ( Social Security or Employer Identification Number, address and phone)
Cleaning/janitorial services
Collection Expenses
Commissions to outside parties
Computers and tech supplies
Consulting fees
Continuing education for yourself to maintain licensing and improve skills
Conventions and trade shows
Credit card convenience fees
Dental expenses
Depreciation
Dining during business travel
Discounts to customers
Education and Training for employees
Employee wages
Equipment
Equipment repairs
Exhibits for publicity
Family members' wages
Franchise fees
Freight or shipping costs
Furniture or fixtures (business)
Gifts for customers ($25 deduction limit of each)
Group insurance (if qualifying)
Health insurance
Home office
Interest
Internet hosting and services
Investment advise and fees
Legal fees
License fees
Losses due to theft
Management fees
Materials
Maintenance
Medical expenses
Mortgage interest in business property
Moving expenses
Newspapers and magazines (business or job related)
Office supplies and expenses
Outside services
Payroll taxes for employees, including Social Security, Medical taxes and unemployment taxes
Parking and tolls
Pension plans
Postage
Publicity
Prices for contests
Real estate-related expenses
Rebates on sales
Rent ( home office)
Rental expenses
Research and development
Royalties
Safe-deposit box
Software and online services
Storage rental
Subcontractors
Taxes
Telephone (business use)
Tuition expenses
Utilities
Website design
Workers' compensation insurance