Deductions (Leave it up to the professionals)

When it comes to paying taxes, nothing cuts through the tension and discontent like a good deduction. That’s why we’ve taken a little time this week to put together a few resources to help you educate yourself on a few viable tax deductions for small business owners and individuals.

Now, let’s get to the resources that help: Over at, they’ve put together a great list of deductions to claim at all stages of your life. This is really a good way to get a broad overview of some pretty basic deductions as well as a few more complicated ones.

In fact, we found this article such a good overview, we put together a slide show highlighting one of its best bits: the 5 best deductions for small business owners. Take a look at our page over at slideshare to find the slideshow and check it out.

Now, without further ado, here’s a large infographic about deductions.

Who knew?

Of course, before you go off claiming any of these “strange and legitimate” deductions for yourself, or before you decide to do any accounting stuff yourself, be sure to consult with an actual accountant. If you’re not sure about that, give this post a quick read.

In any event, thanks for reading, and give us a call sometime at (425) 483-6600!

Oh, and in case you were wondering, here’s what’s been going on with the IRS.

About the author

Seattle CPA+John Huddleston has written extensively on tax related subjects of interest to small business owners. Since 2002, he has owned his own small business, Huddleston Tax CPAs. He is a graduate of Washington State University and the University of Washington School of Law.

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