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Small Business Tax Tips
BusinessPractical ways to stay organized, maximize legitimate deductions, and reduce compliance stress.
Educational content only — not tax, legal, or financial advice. For guidance tailored to your situation, please contact us.
Clean books make taxes easier
- Separate business and personal accounts (bank + card).
- Reconcile monthly (don’t wait until tax time).
- Track revenue by channel and expenses by category.
Common deductions to review (examples)
- Software subscriptions, supplies, and tools
- Home office (if eligible) and business use of internet/phone
- Mileage/vehicle expenses (keep a mileage log)
- Meals (rules vary) and travel related to business
- Contractor payments (1099 compliance where applicable)
Estimated taxes & cash flow
- If you’re profitable, you may need quarterly estimated payments.
- Keep a “tax set-aside” percentage of net income in a separate account.
- Review year-to-date profit and adjust estimates proactively.
Entity and payroll considerations
- Entity choice impacts taxes, liability, and admin overhead.
- Payroll must be handled correctly and on time if you have employees.
- Retirement plans can be a powerful tax-planning tool for owners and teams.
Want help applying this to your situation?
We can review your goals, documents, and next steps together. Reach out via the contact form on the home page.