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5 Simple Bookkeeping Tricks for Small Business

3. Keep Track of Your Healthcare Insurance

The healthcare insurance bookkeeping trick is one of the best and most over-looked deductions for small businesses and even the self-employed. If you purchase medical, dental, or even long-term care insurance for yourself, as much as 100% of the monthly premiums may be deducted. This even includes any healthcare insurance purchased for your wife, children, or other dependents.