Depreciation may be taken on passenger cars,e quipment used for entertainment or recreational urposes (i.e., photographic equipment, cell phoe s and computers), as long as these items are us ed solely for the business.

Small business tax deductions. This means, Certain expenses, are allowed to be deducted from your sales value to reduce your overall taxable profit and hence your small business taxes.These Small business tax advantages are changed regularly by law, and it is important to check the latest information with a good firm of tax accountants.