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:
 - 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).
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 T 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!
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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&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.
 Complete 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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