So its tax time again. Time when all of us small business owners run to our accountant and pray for help and forgiveness . Like many of you I too am bound to the Tax machine and I too look for every way I can deduct some items to lower my small business tax. Here are a few of the 10 most popular tax deductions that the IRS does not frown upon when they appear on your company tax return.

1. Start-up Cost Deduction
You can deduct up to $5,000 in start-up and $5,000 in organizational costs for the first year of business. These deductions apply to expenses paid or incurred after Oct. 22, 2004. The rules differ for expenses before that date or if your costs exceed $50,000. Expenses that are not deducted can be amortized over a 180-month period, which begins when you open your business. You can write off or amortize market research, advertising, employee training, business-related travel, legal advising and other costs » Read more: 10 Popular Tax Deductions for Small Businesses