While tax season is rarely anyone’s favorite time of the year, there are some things you can look forward to as a small business owner. When you own a business, you get to take quite a few tax deductions. The list is long, but Steven J. Wick, a Fort Collins CPA, financial advisor, and accountant, can help you navigate the options and find what applies to your business. As with all taxes, it’s very important to document the expense and the reason for it, even if you just write it down on the back of your receipt.
Several of the tax deductions available for small businesses include:
- Banking fees
- Car expenses
- Computers/ tech supplies
- Eating out while traveling for business
- Internet hosting/ services
- And many others!
It is always in your best interest to consult a CPA, financial advisor, or accountant in Fort Collins to make sure you understand all the specifications that come with each small business tax deduction. Not every single deduction will apply to you and your business, and you don’t want to end up getting back less than you were expecting or having to owe money.
When you are interested in seeing just how you can benefit from small business tax deductions, contact Steven J. Wick – a Fort Collins CPA, financial advisor, and accountant.