Businesses are industry based and every industry has its own expenses. If you are looking for Business Deductions then here’s an ultimate Cheat Sheet for Self-Employment deductions:
- Expenses specific to your Industry
- Business Licenses & Permits
- Telephone (Including Cell)
- Legal & Professional Fees
- Auto Expenses & Mileage
- Gifts Given (Professional)
- Advertising & Promotion
- Repairs & Maintenance
- Meals & Entertainment
- Dues & Subscription
- Cost of Goods Sold
- Internet Expense
- Office Expenses
- Subcontractor
- Consultation
- Home Office
- Bank Fees
- Education
- Insurance
- Utilities
- Travel
- Rent