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https://articles.bplans.com/tax-tips-and-deductions-for-restaurant-owners/
Jan 03, 2017 · Tax deductions for restaurant owners A tax deduction is a tax-saving measure you can take that reduces the amount of taxable income you report on your return. For example, if you earned $1,000 of income within a given year and claimed a $100 deduction, you’d only have to report $900 of taxable income when filing Form 1040 or a business return.4.3/5(4)
https://turbotax.intuit.com/tax-tips/self-employment-taxes/filing-taxes-for-on-demand-food-delivery-drivers/L7dIkSK6I
As a contracted delivery driver, you may be covering 100% of your own business costs. Because these expenses dip into your earnings, you can often claim them as deductions at tax time to lower your overall tax bill. Independent contractors are generally considered small business owners and report profits and losses on Schedule C.
https://www.wahm.com/articles/how-to-deduct-restaurant-expenses.html
As a business owner, the IRS allows you to deduct a percentage of restaurant expenses as a tax reduction. However, these deductions must meet certain requirements in order to be deductible. Restaurant expenses are the costs of meals you provide for a client or customer, including if they are a part of another form of entertainment, such as a football game.
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