![]() ![]() Taxes represent a major consideration for the owners and managers of small businesses. What the New Tax Law Means for Small Businesses – For small business, most (but not all) of the new tax law is good news. For example, if a portion of an expense is for your business and another part is for your personal benefit, only the business portion of the expense can be claimed as a business write-off. ![]() Some expenses you can claim 100 per cent of the cost as a write-off while only a portion of others can be claimed. the news on write-offs isn’t all good: Some business expenses are not deductible under any circumstances: TurboTax will show you the money-saving tax deductions you can take as a small business owner. ![]()
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