Get Tax Breaks on Home Office, Cell (Fox Small Business Center)
With tax time just around the corner, small-business owners are in a good position to benefit from a slew of deductions. Whether it’s writing off computers and copiers, or deducting business use of an iPhone, knowing what deductions to take can reduce the money the IRS collects.
“The tax law is written as such that there are many favorable provisions,” said Mark Steber, chief tax officer at Jackson Hewitt Tax Services. “It’s incumbent on any small-business owner to understand the rules.”