What Business Expenses Are Tax Deductible?

If you are a small business owner, or a budding entrepreneur you may have wondered what kind of business expenses are tax deductible.  The answer – Any expense you pay that relates to generating income for your business can be deducted.  The following list outlines a number of common business expenses:

Advertising
Bad Debts
Business Tax, Fees, Licenses, Dues, Memberships, & Subscriptions
Convention Expenses
Delivery, Freight & Express
Disability-related modifications
Fuel Costs
Home Office
Insurance
Interest
Leasing Costs
Legal, Accounting, & Other Professional Fees
Maintenance & Repairs
Management & Administrative Fees
Meals & Entertainment
Motor Vehicle Expenses
Private Health Services Plan
Salaries, Wages & Benefits
Supplies
Telephone & Utililties
Travel