Tax Deductions Small Business Owners Often Miss

Before you submit your final return for 2012 by April 17th and given that you are a home-based or other small business, business opportunity or franchise owner, are you sure you have made the most of your potential tax breaks this year?

In his commentary for CBS’s MoneyWatch yesterday, Dave Johnson cites six of the most commonly overlooked tax deductions by small business owners, courtesy of online accounting site Outright.com CEO, Steven Aldrich:

1. Health care tax credit

2. Business vehicle depreciation

3. Business travel expenses

4. Home office deduction

5. Professional development expenditures

6. Retirement tax credit.

More about Outright.com:

Outright.com enables small business owners to organize their finances once and for all. It puts your accounting tasks on auto-pilot and pulls all of your accounts into one place, organizing them in a smart way and using all the same iron-clad security features as online banking. Plus, Outright.com takes the guesswork out of paying your taxes…no more surprises. It’s easy, uncomplicated and incredibly affordable! Go to https://outright.com/ today for more information.

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