7 Ways Small Business Owners Can Reduce Their Tax Bill
7 Ways Small Business Owners Can Reduce Their Tax Bill

Key Takeaways

• Running a small business can provide several lucrative opportunities to lower your tax bill.

• Compared to filing taxes as a W-2 employee, small business owners can deduct more expenses to keep money in their pockets.

• Self-employed people can split some expenses shared for business and personal use as deductions on their tax returns.

Get every dollar you deserve with unlimited tax advice from experts who know self-employment taxes inside and out. Whether you’re a freelancer, independent contractor, small business owner, or have multiple streams of income, TurboTax Self-Employed can help you uncover the industry-specific deductions you qualify for. Plus, you can get up to an additional $20 off when you file with TurboTax Self-Employed.

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