This class will review what a business expense is and how to identify a deductible expense. We will also review in a bit more detail a variety of common business expenses that small business owners need to understand and potentially take advantage of such as:
• The Home Office deduction.
• The mileage deduction.
• The new rules on meals and entertainment expense as well as several others.
• We will end by reviewing the Qualified business income deduction that came into play with the passage of the 2017 tax bill.