tax management

What Are the Common Tax Deductions for Entrepreneurs?

Common tax deductions include:
- Home Office Deduction: If you use part of your home exclusively for business.
- Business Expenses: Costs related to running the business like rent, utilities, and supplies.
- Travel Expenses: Costs incurred while traveling for business purposes.
- Employee Salaries and Benefits: Wages, health insurance, and retirement contributions.

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