13 Feb What Are Tax Credits And Deductions Every Entrepreneur Should Know?
Are you paying too much in taxes? We asked professionals with an in-depth knowledge of taxes to share information about credits and deductions that you may not know about.
David Reischer, Esq
David Reischer, Business Attorney & CEO of LegalAdvice.com
Software subscription fees
The costs of subscription fees for cloud-based software as service applications are often tax-deductible. As many more entrepreneurs and small businesses use cloud-based software and apps for their business, this tax deduction will become increasingly relevant. A business that operates necessary software like accounting software in order to do business can deduct the software cost or monthly subscription.
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