| Kevin has a regular job; but, he also runs a small | | | | Even if it's not attached, the area is part of your home. |
| business selling sports memorabilia. Though he enjoys | | | | Home repair costs may entitle you to tax relief, as well |
| owning his own business, he has begun to pay more | | | | as part of your rent if you don't own your home. |
| taxes because of it. Sometimes, the tax debt is more | | | | Lodging fees and transportation - if you drive, fly, or |
| than he can immediately pay. Kevin is worried that he | | | | take a cab to meet your clients, tax relief may be |
| may have to close the business or end up deep in | | | | possible. |
| debt to the IRS. | | | | Hotel expenses |
| Claiming Tax Relief - Deductions | | | | Taxicab fares |
| Even if your business isn't a large corporation, you may | | | | Gas for your vehicle |
| still be eligible for tax relief in the form of deductions. | | | | Repairs for your vehicle |
| Reducing your tax liability may not be as difficult as | | | | Parking expenses |
| one might think. | | | | Long-distance phone calls, or part of your overall |
| Your home - if you use an area of your home for | | | | phone bill |
| conducting business, you may be qualified for tax relief. | | | | Business meals |
| However, there are criteria that must be followed: | | | | Consultant and legal fees - If you retain a lawyer and |
| The area is mostly used as your place of business | | | | or have an accountant specifically for your business, |
| You meet clients in the area | | | | some of the cost may be deducted for tax relief. |