In order to build wealth you must spend less money, get more money, and GET YOUR MONEY BACK by learning the several tax deductions available to small business owners.

A small business tax deduction is an IRS-qualifying expense subtracted from your taxable income. According to the IRS, business expenses must be both ordinary and necessary to be considered deductible. The purpose of tax deductions is to reduce the overall total income that is subject to federal and state-imposed taxation.