Every business has both personal and financial perks. Tax credits can help your small business save money. Here are some tax breaks for Entrepreneurs

1. 5 Tax Breaks for
Entrepreneurs

2. Legal and Consultancy Fees
The tax code is designed to provide breaks on expenses
that are reasonably accepted as the cost of doing
business. Whether it’s fees paid to your accountant,
your lawyer or an IT consultant, these expenses are
often fully deductible.

3. Marketing or Branding Expenses
Any effort you take to build your brand with customers
and the community is tax deductible. Expenses like
printing business cards, purchasing signage and more.

4. Bad Debt and Theft
One of the hardest things for a business is dealing with
theft and shoplifters. Thankfully, the IRS is willing to cut
you a break when these things happen. However,
certain types of bad debt for services don't apply.

5. Bank Loan Interest
Just as one of the most powerful deductions for personal
tax returns is mortgage interest, one of the biggest
breaks a business can get is on the interest and carrying
charges for loans and credit.

6. Networking and Associations
In many industries, it pays to have connections. As a
result, there are many networking-related write-offs that
you might want to pay attention to. These range from
business gifts sent to clients, trade-show attendance
and dues for professional associations.

7. To Learn More
Visit
www.taxdefensenetwork.com
Or Call
(800) 691-5390
Source: Reeves, Jeff. “5 Tax Breaks for Small-Business Owners.” USA Today. USA TODAY. 14 March
2013. Web. 3 November 2015. <http://www.usatoday.com/story/money/personalfinance/2013/03/14/taxes-
entrepreneur-irs-small-business-tiips/1987289/>