Common tax deductions for Shopify sellers

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Common tax deductions for Shopify sellers
For Shopify sellers, navigating the world of
taxes can be a complex but crucial aspect of
maintaining a profitable eCommerce
business. Understanding and taking advantage of
available tax deductions can significantly
impact your bottom line. By effectively managing
your Shopify accounting and tax planning, you
position your business for sustained growth and
financial success. Here are some common tax
deductions that Shopify sellers can leverage to
minimize their tax liabilities and maximize their
profits. Cost of Goods Sold (COGS) Home Office
Deduction Business Expenses Mileage Deduction
Professional Fees