Completely updated for 2014 returns! For any home business, claiming all the tax deductions you are entitled to is essential to your businesss financial success. Dont miss out on the many valuable deductions you can claim. Here, youll find out how to deduct start-up costs home office expenses using new IRS rules operating costs vehicles and travel expenses entertainment and meals business losses medical and retirement expenses Includes detailed information on the new health care law Obamacare and how it affects small business owners, including the health insurance mandate for individuals and businesses with employees, credits and deductions under the new law, IRS penalties for noncompliance, and Obamacares impact on HRAs Health Reimbursement Arrangements and HSAs Health Savings Accounts.