How to File Taxes as a Sole Proprietor: Everything You Need to Know
Fundera
DECEMBER 16, 2018
Another item to note is that not all business expenses correctly reported on your profit and loss statement are 100% deductible. Business meals are only 50% deductible , and—starting for the 2018 tax year—entertainment expenses are not deductible at all. Special Tax Deductions for Sole Proprietors.
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