Tax Tips for Quilting, Fabric Art & Other Craft Businesses

Businesses often wonder what they can legally deduct as an expense on their taxes.  Some small business owners are completely unaware of many of the deductions. 

“What can businesses deduct?” Kelly Phillips Erb, from Taxgirl, says is one of the most frequent inquiries she receives.

Kelly has answered this in a guest post at Problogger, 46 Tax Deductions that Bloggers Often Overlook.  Even though this post is directed at bloggers (one type of home business), most of the deductions are applicable for any small business…whether you’re operating solely on the Internet, utilizing a walk-in shop, or combining the two.

Your business may have added deductions…or may not be able to use all of these.  However, take a look and begin thinking about those that could apply to you.  Kelly also offers excellent advice at her Taxgirl blog.