Business owners may perform business travel for several reasons. Often, owners are hesitant to take travel related deductions or are unaware that using some simple strategies, they can combine travel deductions and vacation.
If your office location is in your house, you can deduct your bills for insurance, utilities, security, association fees, maintenance and general repairs.
Do you conduct meetings with your managers or employees at home? The IRS allows you to rent your primary home or vacation home.
As a small business owner, you often ask yourself, how can I maximize my tax deductions? Reducing your tax payments is possible.