Deduct Your Child’s Allowance: Tax Advantages of Owning a Small Business

If you’re self-employed, there are many deductions available to you that the average person without a business can’t take advantage of.

In fact, if you don’t have a small business, you might consider the many financial benefits of starting one. Simply making an honest effort to earn income from what is normally just your hobby can open up a lot of tax advantages, even if you keep a regular full-time job.

 

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