Home Business Center: How to start a home business

Home Business Tax Deductions & Tax Return Software 1-2-3



Tax Help for Home Business Owners: With your small business, you have two options. You can hire a tax professional to complete your taxes or you can do them yourself. If you decide to save money and do your own taxes, it's a good idea to use a tax software program, which can notify you of possible tax deductions you may be aware of.

IRS Guidelines for Business Tax Deductions:

  • Track Tax Deductions
  • Advertising
  • Bad Debts
  • Car and truck Expenses
  • Commissions and Fees
  • Conventions and Trade Shows
  • Depreciation on Property Owned by Business
  • Employee Benefit Programs
  • Insurance
  • Interest
  • Legal, Accounting & Professional Services
  • Office expenses
  • Pension/Profit-Sharing Plans
  • Rent
  • Repairs/Maintenance on Business Premises & Equipment
  • Supplies
  • Taxes and Licenses
  • Trade Publications
  • Travel, Meals, Entertainment
  • Utilities
  • Wages
  • More information >> IRS Publication 535 (You can also get information at the IRS Website on business income tax, self-employment tax and estimated taxes).

home business expertT I P : Tax Deductions Made Easy for Your Home Business

Save yourself some money - without having to hire a tax accountant! This is the Ultimate Tax Handbook for the self-employed - you can greatly increase your profits simply by capitalizing on deductions you didn't even know you had!

More Business Tax Return Software Programs:


In addition to the tax savings, tax return software saves lots of time, translating form jargon into plain english, making calculations for you and inserting data into your tax return form where it needs to be placed. Some tax software companies like H&R Block, offer "Worry-Free Audit Support", so if you have any doubts - you can sleep better at night.

Personal tax return software is not what you want for your business. You want business tax return software. However, if you can get personal and business tax return programs in one package - this is where you'll get the best bargain.

TurboTax Home and Business lets you try out the program free - pay only when you file. They also include free personalized tax advice from a pro. This is a good option for those who have never prepared their own tax returns - or who want additional support without having to pay for it.

H and R Block Business Tax Return SoftwareH&R Block has a small business tax return software which actually includes live advice from a real person , and you can use it whether you own a corporation, an LLC, have a partnership or a non-profit business. One personal state return included.

If you are self employed or own rental property (not in a corporation, LLC, etc), use H&R Block at Home Basic.


CompleteTaxComplete Tax
Complete Tax has a Premium version of their tax return software for self-employed individuals. This does not cover businesses that are a corporation, partnership, no-profit or LLC. However, if you are a sole proprietor, this program will work for you.

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