If you have considered starting a business, now is the time. Expenses attributable to starting a business can be tax deductible. This includes licensing fees, attorney, CPA fees, insurance, rent, supplies, travel and any business related expenses. "Sometimes, business owners forget that the amount they paid out to start the business are deductible, when youâ€™re forming that idea, and when youâ€™re meeting with those key people and doing your research, those items can be tax deductible, consulting with a lawyer, a CPA," says Robbie Hampton. "If itâ€™s related to that business, it can be tax deductible."