Tracking and claiming all eligible business expenses can dramatically lower your tax bill. Many business owners miss out on deductions simply because they don't know what's available or how to claim them.
Tax deductions help your business keep more earnings by lowering your tax bill. When you pay less in taxes, you have more money to put back into growing your business.
You have two main options for claiming deductions on your tax return: fill out and submit IRS forms yourself, or use tax software that guides you through available deductions.
Every part of getting products to your customers can be tax deductible, including shipping and postage costs, packaging materials, and packing supplies.
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