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Now, more than ever, understanding taxes is essential for all small business owners. This book covers all you need to know about the new tax laws to make sure you that you are taking advantage of all the tax deductions to which you are entitled. Practical and organized by chapter into the most commonly used business tax deductions, Deduct It! shows how to plan for and take advantage of the tax breaks available to small businesses under the new tax laws, including the new 20% deduction for passthrough businesses. From start-up expenses to health care costs to travel and and meals, this book shows business owners how to deduct their business-related expenses and pay less to the IRS.