New business owners: Don’t miss these tax-saving deductions! 🚗💼 Before year-end, make sure you’re leveraging every possible benefit:
1️⃣ Vehicle Deduction: Write off mileage, actual expenses, or lease payments for business-use vehicles.
2️⃣ Equipment: Deduct any equipment purchases for your business.
3️⃣ Travel: Flights, hotels, meals, and transportation are deductible when business-related.
4️⃣ Depreciation: Use this powerful “paper loss” to lower your taxable income.
5️⃣ Retirement Contributions: Fund a 401(k) or SEP IRA for a 100% deductible investment in your future!
Need guidance on maximizing your deductions? Reach out! 💬
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