List of tax deductions for business

List of tax deductions for business - starting with I

• Improvements provided that they are minor improvements

• Insurance premiums paid

• Interest on loans for business purposes such as:
  • Notes (bank discount on note is deductible as interest)

  • Mortgages

  • Bonds

  • Tax deficiencies

  • Instalment payments on auto, furniture, etc

  • Margin account with broker

• Inventory loss due to damages

• Investment counsel fees