7 Small Business Tax Write-Offs You Shouldn’t Forget

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Tax season has crept up on us. It’s that time when you’re sending out income forms to all your employees and contractors, going over your expenses, and finding an accountant to help you meet the IRS deadline. This year, thankfully, the IRS is giving us all more time to file. By April 18, you’ll want to make sure that everything is squared away. Aside from the standard write offs for businesses, there are numerous breaks that you should be taking advantage of. Here are several—some new for 2016—may not have realized you could use this year. According to Anil Melwani, a certified public accountant and founder of 212 Tax and Accounting Services in New York City, small businesses should look into the Protecting Americans from Tax Hikes Act of 2015.