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Can anyone tell me what are the Tax Deduction Expenses for a Small Business in 2020?

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The Answer of Tax Deduction Expenses for small business as of 2020

according to www.bench.co These Expesnews are 100% tax deductible for small business.

The top 16 small business tax deductions

 

Here it the list of The top 16 small business tax deductions

  • Advertising and promotion
  • Business meals
  • Education
  • Home office
  • Interest
  • Legal and professional fees
  • Moving expenses
  • Business insurance
  • Business interest and bank fees
  • Business use of your car
  • Depreciation
  • Rent expense
  • Salaries and benefits
  • Telephone and internet expenses
  • Travel expenses
  • Bonus: Personal expenses

you can also read in detail on this link

 

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