If you own a home based business, or even a small business, here is a list of some of the small business tax write offs you should be aware of. The tax laws are setup in such a way as to help you with starting a business. So we should make sure we are writing off everything we are entitled to.

1. Home Office: This constitutes a room, where your office equipment is located, which only has one entrance and exit. The rule of thumb is you should be able to shut a door, and not need to go I there except to work in the office. The way the deduction works, is take the square footage of the office, and divide by the square footage of the house. This gives you are percentage, like 15%. Then you can take 15% from the mortgage (or rent), home owners insurance, electric, gas, water, and trash bills, and write this off to the business.

There is a brief list of deductions you can take towards your business. Just remember, the tax laws are written in our favor, so make use of these small business tax write offs.

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