As the year is coming to a close, it’s always important to ensure every expense that can be deducted is. Most tax-deductible expenses are straightforward, however here is a list of some you may not have realized you could legally deduct from your taxes owed!<\/p>\n
Advertising and Promotion<\/strong><\/p>\n \u2022 Business cards<\/p>\n \u2022 Team sponsorships<\/p>\n \u2022 Your website (including startup and maintenance fees)<\/p>\n \u2022 Graphic design<\/p>\n \u2022 Workshops\/webinars<\/p>\n \u2022 Postage and office supplies<\/p>\n Insurance<\/strong><\/p>\n Do you have any kind of business insurance, like liability or malpractice? Your premiums are deductible.<\/p>\n Car and Truck Expenses<\/strong><\/p>\n Understandably, you can only deduct expenses for miles driven for business purposes. If you have a vehicle\u2014either owned or leased\u2014that you also use for personal driving part of the time, you’ll need to track those two separately.<\/p>\n Professional and Legal Fees<\/strong><\/p>\n If you pay an individual or firm for services provided to help you operate your business, those fees are often deductible. This includes lawyers, accountants, and tax preparers.<\/p>\n Conclusion<\/strong><\/p>\n Keeping track of these business expenses is worth it to maximize your deductible, but they do require meticulous recordkeeping. Our office is available to assist you with best practices for tax planning and record keeping of your expenses. Call us at 402-932-8815 to schedule a time to go over your business tax plan.<\/p>\n Sincerely,<\/p>\n W.E. Stevens PC<\/p>\n Serving you through a thoughtful client experience, wise long-term perspective, and very experienced staff<\/p>\n","protected":false},"excerpt":{"rendered":" As the year is coming to a close, it’s always important to ensure every expense that can be deducted is. Most tax-deductible expenses are straightforward, however here is a list of some you may not have realized you<\/p>\n","protected":false},"author":2,"featured_media":858,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[10,12],"tags":[7,22,3,24,57,56,17,16,4],"_links":{"self":[{"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/posts\/857"}],"collection":[{"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/comments?post=857"}],"version-history":[{"count":1,"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/posts\/857\/revisions"}],"predecessor-version":[{"id":859,"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/posts\/857\/revisions\/859"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/media\/858"}],"wp:attachment":[{"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/media?parent=857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/categories?post=857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/tags?post=857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}