Bookkeeping Top Ten: Tax Deductions Small Businesses Miss

Taxes are tricky, and it’s easy to miss deductions you’re entitled to — which means you’re paying more than you should. Here are 10 tax deductions small business owners often overlook:

1. Home office expenses- A portion of rent/mortgage, utilities, and internet if you use the space regularly for business.

2. Business mileage- Whether it’s client meetings or supply runs, those miles add up.

3. Start-up costs- Expenses from before you officially opened can be deductible.

4. Education and training- Workshops, classes, and certifications related to your business count.

5. Professional fees- Bookkeepers, accountants, attorneys — yes, those bills are deductible.

6. Software subscriptions- Anything used for your business: QuickBooks, Canva, project management tools.

7. Business insurance premiums- General liability, professional liability, cyber liability — they all count.

8. Bank and credit card fees- Those monthly fees? They’re deductible.

9. Marketing and advertising- From Facebook ads to printed flyers — it’s all deductible.

10. Retirement contributions- Self-employed retirement plans like SEP IRAs can lower your taxable income.

💡 Bottom line: Every dollar matters.👉 We help clients capture every deduction they qualify for — so they keep more of their hard-earned money.