![]() When we’re done, you’ll know exactly how to reduce your income tax bill by making sure you’re claiming all the tax deductions available to your small business.ĭownload your 2022 Small Business Tax Deductions Worksheet ĭisclaimer: This blog post is intended to provide generalized information designed to educate a broad segment of the public. In these difficult times, all SMB owners should take advantage of tax deductions to save money.ĭownload our free 2022 Small Business Tax Deductions Worksheet, and we’ll walk you through how to use it right now in this blog post. These tax deductions are especially important, as small business owners faced an increase in operational costs in 2021, with 34% of surveyed small business owners saying costs of supplies and inventory rose by more than 25%. With this list of deductible business expenses at your disposal, you can easily lower your income tax bill-all without worrying about fines and penalties or being an expert on the complicated U.S. ![]() Well, there’s good news: tax preparation doesn’t have to be intimidating. A recent Pew Research study showed that the complexity of the federal tax system significantly bothers 47% of Americans. The fear of making a mistake on taxes terrifies many people. If you’re a small business owner, there’s a good chance thinking about taxes stresses you out.
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