If you are self employed, chances are one of your problems is finding out how to cut costs. When you incur too much expense in your business, you will not take much profit home at the end of the day; and even if you are sitting pretty, it is always a good idea to know how you can reduce expenses and save money in case something goes wrong in the future. Know the expenses you can deduct from your tax As a self employed individual, there are certain expenses you are allowed to deduct when you submit your tax. This…