small business tax deduction
Unlock Small Business Operations Tax Deductions, Save $25K
Treating every monthly SaaS subscription as a first-year deduction can shave more than $25,000 off your annual tax bill. The new Small Business Tax Cut Act expands Section 179 to include cloud-based services, letting tech-focused firms front-load software costs. In 2023, a Census study of 800 SMBs found that