NorthOne

MARCH 3, 2023

This is where tax deductions can make a big difference—and having a small business tax deductions checklist can help ensure you’re not missing out on opportunities that could be financially beneficial to your business. Below you’ll find a checklist of small business tax deductions.

Deductions 52

Deductions Small Businesses 52

Due

JULY 13, 2023

In general, being healthy can result in reduced premiums, copays, and deductibles. A Medicare-approved chiropractor visit costs 20 percent less if you have already paid your Part B deductible of $233 in 2022 (or $226 in 2023), according to AARP. Take a dance class, a creative writing workshop, or pickleball with friends, for instance.

Bankruptcy 98

Bankruptcy Deductions Insurance Companies 98

Due

MARCH 15, 2024

Fixed expenses should be deducted first, followed by debt payments and savings. The following resources may be helpful: National Foundation for Credit Counseling Consumer Financial Protection Bureau Libraries often offer workshops and resources related to financial literacy. Categorize your expenses. Allocate your income.

Credit and Collections 52

Credit and Collections Brokerages Credit Unions Deductions 52

Due

JANUARY 12, 2023

You can also raise your deductible or drop certain coverage options to save money on car insurance. If you’re considering taking a professional development course, consider whether it’s worth the cost and whether you can find a cheaper alternative, such as taking a free online course or attending a local workshop.

Credit and Collections 78

Credit and Collections Deductions Transactions 78

Due

MAY 22, 2023

Ensure you claim all available deductions to lower your taxable income and keep more money working towards your goal. Besides, attend local personal finance workshops or meetups to network with others interested in achieving financial independence and early retirement.

Deductions 75

Deductions 75

Fundera

AUGUST 6, 2019

However, that same business might occasionally bring in an outside expert to provide a workshop (service) for customers; this is common in craft and home improvement stores. In the example of the retail business, workshops and classes could be offered on a regular basis, and so they would be considered operating revenue.

Nonprofit Organizations 50

Nonprofit Organizations Deductions Small Businesses 50

Fundera

DECEMBER 15, 2018

Section 179 Tax Deduction – The Section 179 tax deduction allows small business owners to deduct up to $1 million on equipment purchases in the year of purchase, rather than depreciating the equipment year over year. You can claim 39% of the amount you invested in a low-income community as credit, over a seven-year period.

Deductions 76

Deductions Nonprofit Organizations Small Businesses Credit Scoring 76