When you own a business, it can seem like you’re constantly shelling out money just to keep afloat. Fortunately, many of these expenses will net you a small business tax deduction at the end of the year. But, you want to cautious and careful about those deductions. The best thing to do is to call your accountant and ask them about any creative tax deductions you should be aware of.
If you aren’t quite sure what to ask your accountant about or fear that Uncle Sam wouldn’t accept “this” or “that” as a legitimate business expense, take a look at some of the most creative tax deductions that business owners have successfully gotten past the IRS:
While, yes, these were some of the kookiest and most creative tax deductions we could find, you might be surprised what you can (and cannot) write-off. Always talk to your accountant about deductions and how to prepare for them throughout the entire year. Best of luck this tax season!
Have you ever taken a “creative” small business tax deduction? What was it?