How owning a business can be a tax benefit

Owning a business can reduce the taxes you owe and even get you a larger

refund. You can deduct business expenses such as business travel and meals with

clients or colleagues, vehicle expenses, business loan interest, internet, cellphone, advertising, educational expenses, supplies, equipment, and business use of your home deductions such as rent, mortgage interest, utilities, homeowners’ insurance, and repairs or maintenance.