But the new measure allowed businesses to deduct the full purchase price for the year that they bought it in, a move that could let a business pay lower taxes in the current year and still buy or lease more equipment to write off in subsequent years. However, if you do qualify to contribute to an HSA, you’ll be able to use the money in the account to pay for qualifying medical expenses. Find an A to Z index of topics for small business, business news, links to forms and publications, and guidance on tax-related responsibilities for businesses with employees Small Business Administration Link to a variety of business tax topics, including business taxes, e-file for business and self-employed individuals, state and local taxes, and employment taxes. Of course, there are a lot of corresponding rules.