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Here Are 20 of the Most Popular Tax Deductions for Small Businesses

Published

9 years ago

February 4, 2016

INSTORE Staff

It’s a good time for a pow-wow with your CPA.

Citing 2015 tax data released by the IRS, Small Biz Trends compiled a list of 20 of the most popular tax deductions that were claimed by sole proprietors, which can also be claimed by other types of small businesses. If you’ve peaked at our Manager’s To-Do List for February, then you know that we recommend scheduling an appointment with your accountant this month to finalize your 2015 financial statements before you head down the home stretch of tax season. She or he can help you determine if you’ve done everything that’s required to qualify for these deductions.

Looking for a Seamless Sale? Call Wilkerson

After almost 60 years in business, Breakiron Jewelers in Erie, Pennsylvania, was closing its doors. And the store’s owner, Linda Breakiron, was ready for it. She had run the store as its sole owner since the beginning of the millennium and was looking forward to a change. Of course, she called Wilkerson. Breakiron talked to other jewelers who had used Wilkerson and was satisfied with their response. “They always had positive feedback,” she recalls. With the sales, marketing and even additional inventory that Wilkerson provided, Breakiron insists she could never have accomplished her going-out-of-business sale without Wilkerson’s help. She’s now ready for the journey ahead, but looking back, she’d be sure to recommend Wilkerson. “They just made the whole process very seamless.”