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Small business tax deductions you need to know
There are small business tax deductions that financial advisers need to know, including work-from-home deductions.
March 5, 2021 3 MINS
Most media coverage of the various stimulus bills and COVID-19 relief efforts have gone toward the Paycheck Protection Program (PPP) loans that businesses can use to retain their employees while revenues take a hit.
To a lesser extent, employee retention credits have also been featured. There are other small business tax deductions, however, that financial advisers need to know so they can provide their business owner clients with informed, educational advice.
In this article, you’ll learn about the other deductions you should know, including how working from home may impact taxes.