Glossary

Online advertising deduction allows businesses to deduct expenses related to their digital marketing efforts for tax purposes, optimizing cost efficiency.

Franchise Fees Deduction allows franchisees to deduct certain fees paid to franchisors from their taxable income, reducing tax liability.

State Licenses Deduction allows businesses to deduct expenses related to state licensing fees from their taxable income, impacting overall tax liability.

The Personal Liability Insurance Deduction is applicable when the insurance is business-related, offering potential tax savings for eligible business expenses.

The Market Research Expenses Deduction allows businesses to deduct costs associated with gathering data about their markets and customers, ultimately optimizing tax liabilities.

Software Development Costs Deduction allows businesses to deduct certain expenses related to software creation, aiding financial accuracy and tax management.

The Trademark Registration Deduction helps businesses offset the costs associated with securing trademark protection, offering potential tax savings.

Patent Fees Deduction refers to the specific tax deductions available for expenses incurred in the pursuit of patent rights. These deductions are crucial for reducing taxable income associated with intellectual property management.

E-Commerce Shipping Costs Deduction allows online sellers to deduct shipping expenses from their taxable income, helping to reduce overall tax liability.

Co-working space rent deduction allows freelancers, remote workers, and businesses to claim expenses incurred from renting co-working spaces for business purposes.