July 6, 2007, Newsletter Issue #173: Business Deductions

Tip of the Week

Here is a short list of some common business deductions. Check IRS Publication 535-Business Expenses to see if you qualify for these and other deductions.

Advertising.
Donations to business organizations.
Educational expenses.
Licenses and regulatory fees.
Moving machinery.
Outplacement services.
Penalties and fines you pay for late performance or nonperformance of a contract.
Repairs that keep your property in a normal efficient operating condition.
Subscriptions to trade or professional publications.
Supplies and materials.
Utilities.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Not finding the advice and tips you need on this Small Businesses Tip Site? Request a Tip Now!


Guru Spotlight
Mary White