There are many expenses you can deduct to shrink your tax bill as a self employed worker. Make sure to keep all of your receipts throughout the year and a running log or weekly diary of expenses so that it’s easy to prove that your deductions are legitimate. Business expenses can cover many items and services, including:
* office supplies
* printing
* postage and shipping
* phone and Internet service used for your business
* memberships in professional organizations
* subscriptions to journals and magazines needed in your work
* advertising fees
* business insurance
* seminars
* courses
* services by other professionals (accountants, lawyers and the like)
For further guidance please contact us at MA Accounting Services